USA Restricted Stock Award Plan
With this easy template, you can set up a Restricted Stock Award Plan for your company, under current United States securities legislation.
- Under this type of Plan, a company can provide incentives to its key personnel through awards of restricted shares of common stock.
- The company will reimburse the employee for any amounts he/she has to pay as a consequence of any such award (such as income tax).
- Stock subject to an award is forfeited if the participant ceases to work for the company or retires within a specified time after the date of the award.
- If a participant dies, his or her estate retains the stock.
Incentives like this Restricted Stock Award Plan help attract and retain top flight talent. Download the template for your business.
Last Updated: 14-April-2016