Oregon Management Stock Purchase Plan

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Multi-State
Control #:
US-CC-19-223D
Format:
Word; 
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19-223D 19-223D . . . Management Stock Purchase Plan under which Executive Compensation Committee can grant options to key employees (including officers) at prices equal to 60% of market value. Payment is made by delivery of five full recourse interest-bearing serial promissory notes, each for 20% of total purchase price, which mature on five succeeding anniversary dates of date of grant. Committee may forgive any payment of interest or principal on promissory notes if employee is then still employed by Company, has died, or become disabled or retired

The Oregon Management Stock Purchase Plan is a unique employee benefit program offered by Oregon Management (OM) company. This program allows employees to purchase stocks of the company at discounted prices, providing them with an opportunity to own a stake in the company they work for. The primary purpose of the Oregon Management Stock Purchase Plan is to align the financial interests of employees with the success of the company. By providing employees with the ability to invest in the company's stock, it aims to create a sense of ownership and engagement among the workforce. There are several types of Oregon Management Stock Purchase Plans, each designed to cater to the needs and preferences of different groups of employees. These plans include: 1. Employee Stock Purchase Plan (ESPN): This plan allows all eligible employees to purchase company stocks at a discounted price. Employees can contribute a certain percentage of their salary towards this program, and the accumulated funds are then used to buy company stocks at specified intervals, such as quarterly or annually. 2. Executive Stock Option Plan: This plan is specifically designed for top-level executives and provides them with stock options at predetermined prices. Executives can exercise these options at a later date, allowing them to purchase stocks at the predetermined price, which can potentially yield significant financial gains if the stock price appreciates. 3. Restricted Stock Units (RSS): RSS are another form of stock-based compensation that may be offered to employees as part of the Oregon Management Stock Purchase Plan. Employees are granted a certain number of RSS, which vest over a predetermined period. Once the RSS vest, employees receive shares equivalent to the vested units. 4. Performance Stock Units (Plus): Plus are similar to RSS, but their vesting is contingent upon achieving specific performance-based goals or milestones. This type of stock plan is often used to incentivize and reward employees based on their individual or team performance. Overall, the Oregon Management Stock Purchase Plan aims to create a sense of ownership, loyalty, and motivation among employees by providing them with the opportunity to purchase stocks at a discounted price. By offering various types of stock purchase plans, the company caters to the diverse needs and roles of its employees, fostering a culture of financial participation and shared success.

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FAQ

Yes. By keeping all your retirement assets in your OSGP account, you benefit from low cost investments overseen by the Oregon Investment Council and, when you wish to take payments, you have the same flexible payout options that are available with an IRA.

ESPP eligibility and limits Most plans allow employees to elect a payroll deduction between 1% and 15%.

How does a withdrawal work in an ESPP? With most employee stock purchase plans, you can withdraw from your plan at any time before the purchase. Withdrawals are made on Fidelity.com or through a representative. However, you should refer to your plan documents to determine your plan's rules governing withdrawals.

Disadvantages of Employee Stock Purchase Plans Ensuring the ESPP follows security and tax law guidelines can be challenging. A large amount of HR functions goes into administering the stock purchase plan. There are legal, tax, and administrative issues that go into setting up the plan.

Employees who elect to participate in a qualified ESPP are typically able to take advantage of some tax benefits, as the discount is not recognized as taxable income until the stock is sold. When you sell the stock, the discount you received when you bought it may be taxable as income.

In this situation, you sell your ESPP shares more than one year after purchasing them, but less than two years after the offering date. This is a disqualifying disposition because you sold the stock less than two years after the offering (grant) date.

The ESOP vs 401K Plan With a 401(k), the employer's contributions are tax-deferred, meaning that the money is taken out of each paycheck before taxes, and those wages are not taxed until withdrawal. Whereas with an ESOP, employees also do not pay taxes on the shares in their account until distribution.

An employee stock purchase plan (or ESPP) can be a very valuable benefit. In general, if your employer offers an ESPP, we think you should participate at the level you can comfortably afford and then sell the shares as soon as you can.

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Oregon Management Stock Purchase Plan