ESOP TERMS
What ESOP stands for
What is Employee Stock Ownership Plan
The current value of one share of TG stock
What is $3.00
The year the TG ESOP was established
What is 2013
The number of years it takes to become fully vested
What is 6
The age at which you are eligible to become an employee owner
What is 21
The phrase used when an employee owner has rights to 100% of his or her stock shares
What is fully vested
The number of times per year our company is valued
What is one
The name of the founder of Transitions Group
Who is Bill Jackson
If you leave the company and the balance of your account is under this amount, you will receive your distribution in one lump sum.
What is $5,000
The number of hours a employee must work in a calendar year to be eligible for stock
What is 1,000
The term used to describe a fraction of ownership in a company
What is a stock or share
What was the price of a share of stock when the ESOP was first established?
What is $1.90
Name two people who serve on TG's Board of Directors
Bill Jackson, Barney Lehnherr, Piper Ayala, Jim Dunning, Doug Karber, Tyler Paul
If you leave the company and your account balance is OVER $5,000, you must wait this many years before your distribution begins.
What is six
The number of years of service you must have with TG before becoming an employee owner
What is one
The piece of paper an employee receives each year that details the balance of their account
What is their statement
The year that TG saw its highest stock value
What is 2015
One of the two committees that employees can join at TG to be more involved with the ESOP
What are the Communications Committee or the Finance Committee
If you leave the company and your balance is over $5,000 and you have waited six years, your balance will be paid in this many yearly installments
What is five
On the first of these two calendar months employees are eligible to enter the plan
What is January and July
The term used when a person leaves the company and receives the balance of their account
What is a distribution
Name one factor used to determine a company's stock value
Profitability, history, forecasting, competitors, how similar businesses are performing
How often the company must report information to the Board of Directors
What is quarterly
The number of stock shares I get each year is based on this
What is salary
The average employee owned company has this many owners
What is 136