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Published byYenny Rachman Modified over 6 years ago
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12 days Of esop Welcome to our annual ESOP certificate meeting. This meeting is intended to celebrate the benefits of employee ownership, enjoy a company luncheon, hand out certificates and provide a forum for participants to participate in the meeting and ask questions about our ESOP. Included in your envelope are your ESOP certificate, the SAR or the Summary Annual Report for 211 which is the basic financial statement of the ESOP.
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Season of giving & gifting
VALUE OF EMPLOYEE OWNERSHIP Employees sharing in the value they help to create
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1st day of employee ownership
Dick, Sr. gave to us………. 30% of his shares (free) Some of the info today will be review for the longer termed employee owners and new info for the new employee owners – review of the basics, plus some exciting news for everyone and some new info for participants who have been on the plan at least 10 years and are at least age 55
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2nd day of employee ownership
Dick, Sr. gave to us………. PARTICIPATION ELIGIBILITY 21 YEARS OF AGE 1,000 HOURS EACH YEAR
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3rd day of employee ownership
Dick, Sr. gave to us………. GROWING $HARE VALUE… TOGETHER ($hare price appreciation)
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4th DAY OF EMPLOYEE OWNERSHIP
Dick, Sr. gave to us………. VESTING (and retro vesting) 100% vested = Six (6) years of service Attaining age 65 Death or disability
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5th day of employee ownership
Dick, Sr. gave to us………. Allocation of new shares (each year on 12/31, based on compensation)
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6th day of employee ownership
Dick, Sr. gave to us………. Distributions (even to participants who have been ‘naughty not nice’)
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7th day of employee ownership
Dick, Sr. gave to us………. SEGREGATION (after resignation/retirement)
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8TH DAY OF Employee Ownership
Dick, Sr. gave to us………. OWNERSHIP in HIS COMPANY working together to meet and exceed YOY company performance and growth goals
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9TH DAY OF Employee Ownership
Dick, Sr. gave to us………. DIVERSIFICATION WHICH ALLOWS FOR IN SERVICE DISTRIBUTIONS, AFTER REACHING AGE 55 & COMPLETING 10 YEARS OF SERVICE
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10TH DAY OF Employee Ownership
Dick, Sr. gave to us………. Job Training Investment in your skills, knowledge and abilities to enhance job performance
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11TH DAY OF Employee Ownership
Dick, Sr. gave to us…via Dick, Jr. “do what only YOU can do” Admissions Key JOB on campus Enrolling students Owning the future It all starts with… You!!
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12TH DAY OF Employee Ownership
Growth Purpose Success Working together Pride Collaboration Quality instruction Gratitude Dedication Community Graduates Changed lives We employee owners give Dick, Sr……… DEDICATION GROWTH COMMUNITY GRATITUDE SUCCESS COLLABORATION PRIDE PURPOSE GRADUATES
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In the words of a retired, employee owner…
….from humble beginnings to big business dollars Doing our best to turn out PMI scholars So lest we forget how this all came about Give a glance toward heaven and give a good shout! Merry Christmas Dick, Sr!! Sharon Greenbaum – Christmas 2011
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