My company wants to start an employee stock ownership plan, or ESOP, that defines a vesting year as being an actively employed participant on Dec. 31 of that year and you credited with at least 1,000 hours of employment. Should this include regular hours, overtime hours, and PTO hours? What else might we need to consider?
— ESOP Fable, financial/insurance/real estate, Des Moines, Iowa
The company released details of its 2013 adviser compensation grid Dec. 7. No changes were made to the basic cash grid, but revenue bonus awards were cut by 2 percentage points, while the company implemented a new growth award program that puts the premium on drumming up new business.Read More
Stebbins' package includes a $2.4 million cash severance payment and $10.2 million in instantly vested stock awards, according to the filing.Read More
The pair allegedly learned about an upcoming insurance company merger during an Alcoholics Anonymous meeting, where shares rose 64 percent.
Aon spokesman David Prosperi declined to comment when asked whether the company would ease holding requirements on senior executives who must maintain certain percentages of Aon stock.
In its latest timetable for implementing the Dodd-Frank financial reform law, the commission put fiduciary duty on the list of rules labeled 'dates still to be determined.' Many other rules are designated for release during specific time periods.