20-270 20-270 . . . Executive Incentive Plan under which corporation can award restricted stock and units. Restricted stock consists of common stock of corporation which contains restrictions on transfer and forfeiture in event of termination of employment prior to expiration of time period specified in grant. units are equivalent of corporation's book value per share and are issued and credited on corporation's books to employees on condition that said units must be resold to corporation. Corporation must purchase units at end of 5 year incentive period or upon termination of employment (whichever comes first) for amount equivalent to book value at that time plus dividends declared during incentive period and less book value on date of grant
Iowa Executive Incentive Plan
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US-CC-20-270
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Laws protect all Iowa employees from being terminated on the basis of age, gender, race, religion, age, national origin, disability, gender identity, or sexual orientation. In other words, it is illegal for an employer to consider these characteristics to take an adverse employment action against an employee.
The number of hours or days per week, including paid holidays, vacations and other paid leave, currently established by schedule, custom, or otherwise, as constituting a week of full-time work for the kind of service an individual performs for an employing unit, provided that the number of hours per week is at least 32 ...
?Permanent employment? means any period of full-time or part-time executive branch service (except board of regents employment) in a nontemporary position for which the person is eligible to accrue leave and participate in the health and dental insurance programs administered by the department pursuant to 11?64.1(8A) ...
Under Iowa law, employees are entitled to certain leaves or time off, including pregnancy disability leave, jury and witness duty leave, elected officials leave, emergency responder leave and time off on Veterans Day. See Time Off and Leaves of Absence. Iowa prohibits smoking in the workplace and texting while driving.
What exactly is an annual incentive plan? An annual incentive plan outlines compensation to be paid to employees when they achieve certain performance-related goals over 12 months. This compensation is in addition to their regular salary ? it may be an employee gift, cash incentive, or another type of bonus or reward.
