West Virginia Executive Bonus Plan

State:
Multi-State
Control #:
US-CC-20-221D
Format:
Word; 
Rich Text
Instant download

Description

20-221D 20-221D . . . Stock Bonus Plan Board of Directors has authority to determine which key employees shall be awarded stock bonuses, amounts of bonuses, number of shares of common stock to be awarded, and all other terms and provisions of each bonus. Bonus awards are based on attainment of specified types and combinations of performance measurement criteria, which may differ as to various employees
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FAQ

To welcome you to your new home, we are offering some major incentives. We will pay you $12,000 to find a home among our hills and throw in a year of free outdoor recreation.

West Virginia's new remote worker program will pay you $12,000 to move there. The Mountain State's new initiative, Ascend WV, wants to help outdoor enthusiasts put down roots ? and has major incentives for remote workers.

In response to this trend, some states and cities have created incentive programs with relocation assistance for remote workers. Among these is ?Ascend West Virginia,? which offers up to $12,000 in cash and other free perks for remote workers who move to the Mountain State.

Payments for the $12,000 financial incentive will begin after your first month in the Ascend WV program and continue over the course of two years. In equal monthly payments, you will receive the first $10,000 over the course of your first year in Almost Heaven.

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?

If you've left the country roads of West Virginia behind you, it might be worth your while to consider a return. The state Senate has unanimously passed a bill that would offer $25,000 in tax credits to entice people who once lived in the state and moved away to come back. The bill now sits before the state House.

Ascend WV offers $20,000 worth of incentives to people relocating to the state. This includes $12,000 in cash, a year of free recreational activities and outdoor gear rental, a free co-working space, and social programming to help newcomers connect to their new communities.

The one-time bonus payment shall equal $1,500 and shall be paid on or before December 31, 2023. (b) The one-time bonus payment provided by this section applies to any retirant age 70 as of July 1, 2023, who has at least 20 years of total service as of July 1, 2023, and whose monthly annuity is less than $1,000.

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West Virginia Executive Bonus Plan