Minnesota Executive Incentive Plan

State:
Multi-State
Control #:
US-CC-20-270
Format:
Word; 
Rich Text
Instant download

Description

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
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FAQ

As of August of 2023, the Compensation Council had received communication from the Governor's office that he will not be increasing his salary. While the official salary has increased, the amount Governor Walz is receiving will not change and will remain at $127,629. Governor Salaries - Minnesota Legislative Reference Library mn.gov ? Mngov ? governorsalaries mn.gov ? Mngov ? governorsalaries

How much does a Hospital Chief Executive Officer make in Minnesota? The average Hospital Chief Executive Officer salary in Minnesota is $194,853 as of October 25, 2023, but the range typically falls between $137,761 and $268,037. Hospital Chief Executive Officer Salary in Minnesota salary.com ? research ? salary ? recruiting salary.com ? research ? salary ? recruiting

1. What is the current pay scale for Representatives and Senators? A legislator's salary is $48,250 per year, effective July 1, 2021. The Legislative Salary Council prescribes salaries of Minnesota Legislators.

On November 6, 2018, Walz was elected governor, defeating the Republican nominee, Hennepin County Commissioner Jeff Johnson. Walz was reelected in the 2022 Minnesota gubernatorial election, defeating Republican nominee Scott Jensen.

The lowest salaries are those of Maine Governor Janet Mills and Pedro Pierluisi of Puerto Rico at $70,000 each. There have been several instances where the governor of a state has either refused their salary in its entirety or instead only taken $1.00 per year.

State executive salaries Office and current officialSalaryGovernor of Minnesota Tim Walz$127,629Lieutenant Governor of Minnesota Peggy Flanagan$82,959Attorney General of Minnesota Keith Ellison$121,248Minnesota Secretary of State Steve Simon$95,7225 more rows

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Minnesota Executive Incentive Plan