District of Columbia Insurance Agents Stock option plan

State:
Multi-State
Control #:
US-CC-18-181A
Format:
Word; 
Rich Text
Instant download

Description

18-181A 18-181A . . . Insurance Agents Stock Option Plan under which Compensation Committee may grant Non-qualified Stock Options to any insurance agent who signs agreement which commits agent to produce at least $300,000 of premiums during specific three-year period ("Qualification Period"). Number of shares covered by option is equal to agent's premium commitment divided by $100, and options become exercisable only to extent agent satisfies his or her minimum commitment for premiums during Qualification Period, and only to extent loss ratios for insurance business written meet or exceed certain performance criteria
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How to fill out Insurance Agents Stock Option Plan?

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FAQ

FR-500 New Business Registration (new registrations only)

Search registered corporations through the Department of Licensing and Consumer Protection (DLCP).

You can get a Certificate of Good Standing from the Corporations Division by visiting our office or submitting a request online. Go to CorpOnline site, create the profile, access the online services main page, click on the Domestic/Foreign For-Profit or Non-Profit Request link, and proceed.

District law defines a "business" as: ?Any trade, profession, or activity which provides, or holds itself out to provide, goods or services to the general public or to any portion of the general public, for hire or compensation in the District of Columbia.?

District of Columbia Business Search Tool In addition to every state and Puerto Rico, the District of Columbia has a Secretary of State office that stores information related to every business entity in the state. You can access the records through an online search tool on the Secretary of State's website.

A valid expiration date is not written on a District of Columbia Good Standing Certificate. The validity of a District of Columbia Certificate of Good Standing is usually determined by the intended recipient of the Good Standing Certificate.

Any company registered in DC can order certified copies of its official formation documents from the District of Columbia Department of Consumer and Regulatory Affairs. Processing time is typically up to 10 business days plus mailing time.

Washington, D.C. You can also request a certificate in person. The fee for obtaining a certificate of good standing in Washington, D.C. is $50.

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District of Columbia Insurance Agents Stock option plan