Michigan Director stock program

State:
Multi-State
Control #:
US-CC-18-172
Format:
Word; 
Rich Text
Instant download

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
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FAQ

Hear this out loud PauseIf you are interested in becoming a child care director in Michigan, you will need to meet certain requirements. These requirements include having at least a CDA Credential, as well as having 3.0 CEUs in child care administration. ChildCareEd is a leading provider of child care training in Michigan.

Oversee staff: Staff management is probably the most important task of a Child Care Director. They must interview, hire and train staff, making sure that all background and fingerprint checks have been conducted. Manage facilities: The Child Care Director must make sure that the facility is safe and well-stocked.

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Michigan Director stock program