Iowa Director stock program

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-172
• Format: Word; Rich Text

Description

18-172 18-172 . . Director Stock Program which provides that, on first day of director's term, such director will be granted option to acquire 900 shares of common stock, and on first day of each subsequent year of director's term, he or she will be granted options to acquire 300 shares of common stock. Options are at fair market value on date of grant and are exercisable in full six months after date of grant. The Director Stock Program also provides that, on first day of director's term, he or she will be awarded right to purchase 450 shares of restricted stock, and on first day of the second and third year of such director's term, he or she will be awarded right to purchase 150 shares of restricted stock. Purchase price will be equal to par value of common stock

Iowa Director Stock Program: A Comprehensive Overview The Iowa Director Stock Program, often referred to as the IDS program, is a unique initiative designed to encourage investment and economic growth within the state of Iowa. It is specifically tailored for individuals holding key management roles in Iowa companies, granting them the opportunity to acquire company stock and participate in its future growth. This stock program operates under the guidance of the Iowa Economic Development Authority (IEA), which works closely with interested companies and directors to foster a vibrant investment environment in Iowa. The IDS program aims to attract and retain talented individuals, thereby bolstering the state's economy through increased business development and job creation. Keywords: Iowa Director Stock Program, IDS program, investment, economic growth, Iowa companies, company stock, management roles, future growth, Iowa Economic Development Authority, IEA, vibrant investment environment, talented individuals, business development, job creation. Types of Iowa Director Stock Programs: 1. Standard Iowa Director Stock Program: This is the primary program offering that caters to directors and executives of Iowa-based companies. It enables eligible directors to purchase company stocks at advantageous rates, empowering them to take an active role in the organization's success. This type of IDS program aligns the interests of directors with the long-term growth objectives of the company. 2. Start-up Iowa Director Stock Program: Geared towards nurturing the entrepreneurial ecosystem in Iowa, this variant of the IDS program is tailored for directors of promising start-up companies. It offers unique incentives to encourage early-stage investment and support innovative ventures. This program focuses on both equity participation and mentorship opportunities to foster growth in the start-up landscape. 3. Small Business Iowa Director Stock Program: Recognizing the importance of small businesses in driving local economies, this IDS program is specifically designed for directors of small and medium-sized enterprises (SMEs) in Iowa. It provides them with affordable stock acquisition options, enabling these directors to share in the growth and success of their businesses. The program also offers valuable networking and educational resources tailored to the unique needs of SMEs. 4. Rural Iowa Director Stock Program: To promote economic development in rural areas, the IDS program offers a specialized stock program for directors of companies based in rural Iowa. This program aims to attract and retain talented individuals in these regions by offering attractive stock options, thus contributing to the growth and sustainability of rural economies. Keywords: Start-up Iowa Director Stock Program, small business, SMEs, rural Iowa, economic development, early-stage investment, mentorship, affordable stock acquisition, networking, educational resources, growth, sustainability.