North Carolina Director stock program

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

The North Carolina Agriculture Cost Share Program was established in 1984 to help reduce the sources of agricultural non-point pollution to NC. waters. This program helps landowners or renters of existing agricultural operations improve their on-farm management by using Best Management Practices, also called BMP's.

Kody Kinsley serves as North Carolina's Secretary of Health and Human Services.

The CREP (pronounced ?krep?) is a partnership between state and federal agencies designed to help farmers address agricultural related environmental concerns on 40,000 acres of land across the state.

About the Conservation Reserve Program (CRP) Contracts for land enrolled in CRP are from 10 to 15 years in length. The long-term goal of the program is to re-establish valuable land cover to help improve water quality, prevent soil erosion, and reduce loss of wildlife habitat.

What is CREP? The North Carolina Conservation Reserve Enhancement Program (CREP) is a voluntary land retirement program that helps agricultural producers protect environmentally sensitive land, decrease erosion, restore wildlife habitat, and safeguard ground and surface water.

The purpose of the North Carolina CREP is to improve water quality, reduce soil erosion, reduce the amount of sediment, phosphorous and other pollutants entering waterbodies, improve wildlife habitat and restore wetlands. CREP is part of the USDA Conservation Reserve Program (CRP).

In a nutshell, the Conservation Reserve Enhancement Program (CREP) pays farmers to retire and restore land that erodes easily or floods often. CREP is 100% voluntary for farmers.

We're committed to making it easy for companies to do business in North Carolina. That's why our state fosters a pro-business environment, fueled by the lowest corporate income tax in the U.S. along with a favorable legal and regulatory climate, low business costs and qualified talent.

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North Carolina Director stock program