West Virginia Director stock program

State:
Multi-State
Control #:
US-CC-18-172
Format:
Word; 
Rich Text
Instant download

Description

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
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FAQ

To register a foreign corporation in West Virginia, you must file a West Virginia Certificate of Authority with the West Virginia Secretary of State, Corporations Division. You can submit this document by mail, fax, email, in person, or online.

STC cushions the adverse effect of a reduction in business activity on workers by averting layoffs. The program also ensures that impacted workers will be available to resume prior employment levels when business demand increases. Businesses must have an approved plan with WorkForce WV to be eligible for this program.

West Virginia is an at-will jurisdiction, which means that either the employer or the employee, absent contractual or statutory (e.g., anti-discrimination, anti-retaliation) provisions, may end the employment relationship without cause and for any or no reason. Cook v. Heck's, Inc., 342 S.E.2d 453, 457 (W. Va.

Employer Incentive Program (EIP) will pay you up to 50% of the starting wage for any current WV WORKS recipient that you hire up to the first 600 hours of their employment. Monthly payments will be made to the employer by the West Virginia Department of Health and Human Resources (DHHR). Who may be an EIP Employer?

West Virginia Foreign LLC Registration Register your out-of-state foreign company online by using WV Secretary of State's One Stop Business Portal. The filing fee for a West Virginia Foreign LLC is $150 and an additional $1 for filing online.

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West Virginia Director stock program