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
New Hampshire Executive Incentive Plan
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Multi-State
Control #:
US-CC-20-270
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Word;
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FAQ
Hear this out loud PauseUnder New Hampshire law, employees are entitled to certain leaves or time off, including pregnancy disability leave, crime victim leave, time off on Veterans Day, emergency responder leave and day of rest requirements.
New Hampshire exempts outside sales people from its minimum wage and overtime requirements. NH Statute 2(I) Outside sale people are defined as employees who: make sales or obtains order or contracts for services, customarily and regularly perform their work away from their employer's place of business, and.
Hear this out loud PauseA salaried employee is someone who receives a fixed amount of pay regardless of how many hours they work each week. This means a salaried employee is paid for 40 hours a week, even if they work fewer hours.
Hear this out loud PauseThe statement that is true regarding salaried employees is that they have taxes withheld from each paycheck.
A salaried employee receives a fixed amount of money constituting compensation regardless of the quantity or quality of the work performed or of the number of days and hours which the work is performed (RSA 2; RSA 2-b).