Those plans generally have tax consequences at the date of exercise or sale, whereas restricted stock usu ally becomes taxable upon the completion of the vesting schedule
The table below sets out the exercise price and vesting schedule
of the options.
Typically, the stock will be subject to a vesting schedule
, with the value of the stock at the time of vesting taxed as compensation income.
When working with younger executives, the use of such a service-based vesting schedule
can be problematic.
For these employees, Oakland County contributes 5 percent of salary each year, subject to the same seven-year vesting schedule
This form of vesting schedule
was rare in deferred profit-sharing plans.
Diaz, who joined the firm in May of 2011 as Co-Portfolio Manager of Janus' fixed income business, received 22,347 shares of restricted stock that are subject to a four-year vesting schedule
beginning April 1, 2012.
The options will be subject to an 18Caemonth vesting schedule
pursuant to which 25% shall vest immediately as of the date of grant and a further 25% shall vest every 6 months thereafter until fully vested.
Vesting: Would the replacement options follow the original vesting schedule
or would a new vesting schedule
Determination of vesting schedule
and attribution method.
The vesting schedule
gives members 25% of their share for 0-15 months in the club, 50% for 16-30 months, 75% for 31-45 months, 90% for 46-55 months, and 100% after 56 months.
A distribution based on an incorrect vesting schedule
is the type of error that can be corrected under APRS.