Vermont Director Incentive Compensation Plan

State:
Multi-State
Control #:
US-CC-18-276
Format:
Word; 
Rich Text
Instant download

Description

18-276 18-276 . . . Director Incentive Compensation Plan under which eligible directors are granted automatic, nondiscretionary annual awards of 100 shares of common stock to each eligible director at no cost to director upon election or re-election by stockholders. The Board may amend award formula to no greater than 500 shares per year per director
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FAQ

Usually new employees start at Step 1 (the probationary rate) in the assigned pay grade and typically serve a six-month probationary period.

Employees on a probationary period, whether it's a 1, 3 or 6 month probation period, still have statutory employment rights, including but not limited to; unlawful discrimination, national minimum wage, the working time directive, statutory sick pay, maternity and paternity leave, and time off for dependents.

Probationary periods in state service are either six (6) or twelve (12) months, depending on the classification. A probationary period starts the date an employee reports to work on their first day.

Usually new employees start at Step 1 (the probationary rate) in the assigned pay grade and typically serve a six-month probationary period.

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Vermont Director Incentive Compensation Plan