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
Illinois Director stock program
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The Illinois Director Credential requires the completion of an Associate's degree or higher from an accredited college or university and at least 1,200 hours of work experience as a Director or Assistant Director (see definition above).
The Illinois Director Credential (IDC) is earned through validation of accomplishments in five competency components. Awarded at three levels, the individual must have attained an Associate Degree for Level I, a Baccalaureate Degree for Level II and a Master's or other advanced degrees for Level III.
Early childhood teachers must be at least 19 years old, have two years of college or have equivalent experience and credentials. School-age workers must be at least 19 years old. They must have completed one year of college or have the equivalent experience and credentials.
What are the minimum requirements for obtaining an Illinois Director Credential? To obtain an Illinois Director Credential Level I, you must have a minimum of: An associate degree in any field. 21 semester hours of Early Childhood/School-Age coursework and training.
The Illinois Director Credential (IDC) is earned through validation of accomplishments in five competency components. Awarded at three levels, the individual must have attained an Associate Degree for Level I, a Baccalaureate Degree for Level II and a Master's or other advanced degrees for Level III.
Childcare licensing requirements in Illinois Provide a safe and healthy childcare environment. Must be age 18 years of age or older. Must have a passion for working with children. Must be knowledgeable in children's physical and emotional needs. Must be trained in CPR and first aid.
