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
Rhode Island Executive Incentive Plan
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Multi-State
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US-CC-20-270
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Word;
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Pursuant to Rhode Island General Law § 28- 6-18, it is unlawful for an employer to pay a differential wage based on race, color, religion, sexual orientation, gender, gender identity or expression, disability, age, and country of ancestral origin for comparable work.
Rhode Island law taking effect January 1, 2024 will impose criminal penalties on employers for knowing and willful wage and hour violations. The law also includes harsher penalties for employers generally, and those in the construction industry specifically, that misclassify workers as independent contractors.
The law protects employees who want to discuss their wages as compared to other co-workers. Employers must now provide equal pay for employees who perform ?substantially similar work when viewed as a composite of skill, effort and responsibility?.
Rhode Island Fair Employment Practices fosters the employment of all individuals in this state in ance with their fullest capacities, regardless of their race or color, religion, sex, sexual orientation, gender identity or expression, disability, age or country of ancestral origin, and safeguards their right to ...
Qualified Jobs Incentive Tax Credit Expand your workforce in Rhode Island or relocate jobs from out of state, and you can receive annual, redeemable tax credits for up to 10 years with the Qualified Jobs Incentive program. Credits can equal up to $7,500 per job per year, depending on the wage level and other criteria.
A new pay equity law is in effect for 2023, which makes several changes to the Rhode Island Equal Pay Law and places significant new burdens on both large and small businesses. Rhode Island employers are now prohibited from requesting applicants' salary histories before making an offer of employment.
The first way to get free solar panels in Rhode Island is through the Rhode Island Renewable Energy Fund (RIRES). This program is designed to help residents and businesses reduce their energy costs by providing financial incentives for the installation of solar panels.
