Oregon Executive Incentive Plan

State:
Multi-State
Control #:
US-CC-20-270
Format:
Word; 
Rich Text
Instant download

Description

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
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FAQ

Current State of Oregon employees that utilize direct deposit can access their paystub information electronically using ePaystub. This allows employees to access paystubs anytime, anywhere. Federal Social Security taxes are withheld regularly, starting with your first paycheck.

Classification (also known as Job Evaluation) is a systematic process of evaluating the duties, responsibilities, scope, and complexity of a position description to determine the job title that most appropriately matches the job specifications and standards.

Unclassified Service ? Employees in unclassified service consists of those persons employed by and directly responsible to selected Court officials and holding a fiduciary or administrative relationship to such elected Court officials.

Optional Benefits Term life (employee, spouse or domestic partner, and dependents. Long-term and short-term disability. Accidental Death and Dismemberment. Long-term care (self and eligible family members) Flexible spending accounts.

Classified service includes clerical, crafts, administrative, professional, technical, service and trades professions. Unclassified Service, which includes the teaching, research, and professional faculty. Student Employment, which includes hourly student employees and graduate assistants.

The average Oregon Department of Education salary ranges from approximately $60,011 per year for an Education Program Specialist to $60,011 per year for an Education Program Specialist.

Classified positions have protection under the Civil Service Act. An applicant for a classified position must meet the minimum requirements for the position to be certified as eligible for the position. From the certified list of eligible candidates, agencies select a group of candidates to interview for the position.

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Oregon Executive Incentive Plan