18-172 18-172 . . Director Stock Program which provides that, on first day of director's term, such director will be granted option to acquire 900 shares of common stock, and on first day of each subsequent year of director's term, he or she will be granted options to acquire 300 shares of common stock. Options are at fair market value on date of grant and are exercisable in full six months after date of grant. The Director Stock Program also provides that, on first day of director's term, he or she will be awarded right to purchase 450 shares of restricted stock, and on first day of the second and third year of such director's term, he or she will be awarded right to purchase 150 shares of restricted stock. Purchase price will be equal to par value of common stock
South Carolina Director stock program
Category:
State:
Multi-State
Control #:
US-CC-18-172
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Director Stock Program?
Choosing the right legitimate record design can be quite a have a problem. Naturally, there are a variety of layouts available on the net, but how do you get the legitimate develop you need? Make use of the US Legal Forms internet site. The assistance provides thousands of layouts, such as the South Carolina Director stock program, which you can use for business and personal requires. Every one of the types are inspected by specialists and fulfill federal and state demands.
If you are presently authorized, log in in your bank account and click on the Download option to find the South Carolina Director stock program. Make use of your bank account to look throughout the legitimate types you have ordered in the past. Visit the My Forms tab of your own bank account and obtain yet another version in the record you need.
If you are a new end user of US Legal Forms, listed here are straightforward guidelines so that you can adhere to:
- First, ensure you have chosen the correct develop for your personal town/county. It is possible to look through the form using the Preview option and read the form outline to ensure it will be the best for you.
- When the develop does not fulfill your expectations, take advantage of the Seach industry to discover the appropriate develop.
- When you are sure that the form is acceptable, click on the Get now option to find the develop.
- Select the costs prepare you want and type in the essential info. Create your bank account and pay money for the order utilizing your PayPal bank account or Visa or Mastercard.
- Pick the document file format and download the legitimate record design in your product.
- Complete, modify and produce and indication the acquired South Carolina Director stock program.
US Legal Forms will be the biggest collection of legitimate types in which you can find numerous record layouts. Make use of the service to download expertly-made papers that adhere to express demands.
Form popularity
FAQ
The Economic Development Set-Aside Program assists companies in locating or expanding in South Carolina through road or site improvements and other costs related to business location or expansion.
Tourism, centered around Myrtle Beach, Charleston, and Hilton Head Island, is the state's largest industry. The state's other major economic sector is advanced manufacturing located primarily in the Upstate and the Lowcountry.
A statutory close corporation is a special election that corporations with fewer than 50 shareholders may select. The designation allows for more flexibility than typically allowed with a ??regular? corporation.
The Governor's Closing Fund was created in 2006 to assist when additional funding is necessary to recruit or retain in the state high impact economic development projects. The grants are generally awarded to assist with the costs of real property improvements or other road or infrastructure improvements.
Overview of the South Carolina Economy South Carolina's gross state product (GSP) in 2022 reached $223.9b, with growth of 2.0% over the 5 years to 2022. Businesses in South Carolina employed a total of 2,403,238 people in 2022, with average annual employment growth over the past five years of 1.1%.
South Carolina ranks 25th in economy size among states and Washington, DC. In 1st quarter of 2023, South Carolina accounted for 1.1% of the US economy.
South Carolina Business Corporation Act of 1988 defines a Corporation or Domestic Corporation as a corporation incorporated for profit and not a foreign corporation. Any person may act as the incorporator of a corporation by delivering articles of incorporation to the Secretary of State for filing.