When am I qualified to receive shares?
| Years of Vesting | 1 | 2 | 3 | 4 | 5 | 6 |
| % Vested | 0% | 20% | 40% | 60% | 80% | 100% |
You must work (1) one year before vesting begins. Each year thereafter, you vest up another 20%. After your 6th year, you're 100% vested.
How much Stock do I have?
Once a year, every year, you will receive an Account Statement - usually around the time of our Company Picnic. The Account Statement will show the number of stock shares you have earned and the value of each share. It will also tell you the total worth of all of your shares. The whole value of our Company is determined once-a-year by an independent appraiser. In simple terms, that whole value, divided the number of employees at that time, is what is used to determine the value of each share of stock.
So, when is the money yours?
Your ESOP account is subject to vesting. You don't get it all at once. You earn it over time. Vesting is the percentage of your ESOP account that is yours and cannot be taken back by the Company. Each year, you vest 20% more... until you're up to 100% vested.
• If you leave the company before you are 100% vested, all or part of your % of shares will be forfeited back to the Company.
• The longer you are at the Company, the more shares you vest into (get to keep).
How Do I Know How My Shares are Doing?
Soon after our Company’s plan year ends, you’ll receive a statement showing the Total Number and Total Value of the shares in your account. It will also state the Total Dollar Value of your account, your Vesting Percentage, and the number of Shares Added to your account that year. The more shares you have, the more money you will receive for your retirement. The higher the share price, the more money you will receive for your retirement.
Let's Review...
Reduce expenses = More money.
Improve efficiency = More money.
Deliver great quality = More money
Use safe work practices = More money.
More shares = More money.
Higher stock price = More money.
See the trend...