Ohio Approval of Restricted Share Plan for Directors with Copy of Plan

State:
Multi-State
Control #:
US-CC-14-187E
Format:
Word; 
Rich Text
Instant download

Description

This is an Approval of a Restricted Share Plan for Directors, to be used across the United States. This form restricts, or limits, a share plan for all Directors of a corporation. It should be modified to fit your particular needs.
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  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan
  • Preview Approval of Restricted Share Plan for Directors with Copy of Plan

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FAQ

Restricted stock refers to unregistered shares of ownership in a corporation that are issued to corporate affiliates, such as executives and directors. Restricted stock is non-transferable and must be traded in compliance with special Securities and Exchange Commission (SEC) regulations.

Yes, it is possible to transfer stocks and other investments from one brokerage account to another. There are many reasons that you might want to do this.

A: The most common provisions included in restricted stock purchase agreements are restrictions on when and how stock can be sold or transferred; non-compete agreements; rights of first refusal; and termination clauses which allow either party to terminate the agreement under specified conditions.

You can sell your restricted stock after the vesting period is over. However, you cannot sell restricted stock units within the vesting period. How long do you have to hold restricted stock? You need to hold restricted stock until the end of the vesting period.

Restricted stock awards RSAs are usually subject to a vesting schedule, often with time-based or milestone vesting conditions (or both). Any unvested RSAs are usually repurchased by the company within a certain time post-departure, at a price and on the terms outlined in your equity grant agreement.

Restricted Stock Units cannot be sold or transferred while they are subject to forfeiture. This means that the employee cannot sell or transfer the units until they are vested.

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Ohio Approval of Restricted Share Plan for Directors with Copy of Plan