20-162L 20-162L . . . Long Term Incentive Program For Senior Management under which Compensation Committee may award (a) stock appreciation rights and (b) performance share units. Performance share units entitle holder to receive cash payment equal to (i) average market price of one share of corporation common stock during December ("Measuring Month") in third calendar year following year in which award is made, plus (ii) aggregate dividends with respect to one share of corporation common stock from January 1 of year in which award is made until last day of Measuring Month. At maturity, number of units initially awarded shall be (i) multiplied by fraction that corresponds to average annual percentage increase or decrease in book value per share of corporation common stock over four year period prior to maturity, and (ii) then further adjusted based on ratio of market value of corporation common stock to its book value as compared to that of comparable electric utility companies
North Dakota Long Term Incentive Program for Senior Management
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Your contributions help fund the pension plan, guaranteeing monthly benefits for you and other retired teachers in the future. To qualify for this pension plan, you must first meet the following requirements: Age 65 with five years of service. Rule of 90 (your age and service years must add up to 90)
? meets the Rule of 85 ? attained age 65 while actively employed with a NDPERS participating agency. Highway Patrol EARLY RETIREMENT ? age 50 or older and have 10 years of eligible service; or NORMAL RETIREMENT (Max. age 60) ? meet the Rule of 80 ? attained age 55 and have 10 years of eligible service.
A partnership, or a limited liability company filing as a partnership, is required to withhold North Dakota income tax for every nonresident partner whose distributive share of North Dakota income is greater than $1,000. It must withhold at the highest individual income tax rate from the year-end distributive share.
A partnership is not considered a person or a taxpayer. It is a relationship, generally defined as two or more persons carrying on business with a view to profit. Therefore, a partnership does not file a tax return and does not pay taxes.
The North Dakota income tax liability under the composite filing method must be calculated by multiplying each eligible partner's or shareholder's share of North Dakota income reportable on the composite return by 5.54 percent (. 0554).
A partnership may, but is not required to, make estimated income tax payments. For more information, including payment options, obtain the 2023 Form 58-ES. A partnership must withhold North Dakota income tax at the rate of 2.90% from the year-end distributive share of North Dakota income of a nonresident partner.
North Dakota Tax Rates, Collections, and Burdens North Dakota has a graduated individual income tax, with rates ranging from 1.10 percent to 2.90 percent. North Dakota also has a 1.41 percent to 4.31 percent corporate income tax rate.