s we continue to collect questions from the online form, I wanted to list out some items I captured during the presentation:
- When can shares be sold? It is two years after the purchase date (June & Jan)? Or is there a set date or timeframe when shares are available for sale?
Note: I had in the presentation that could only be sold after April 1. This may have been an error on my part and needs to be clarified.
- It is clear that the company cannot recover the tax paid on company contribution when someone leaves within the first two years. Can the employee recover the tax at end of year with their tax returns? How can they recover the tax if they get a benefit from the company purchased shares?
- Is it true that all shares must be held for 2 years before being sold? Is this a rolling schedule so each purchase must be held for 2 years?
- If I leave after in the program for 4 years, I keep ownership of all shares (employee + company contribution). Do I still have to hold the shares for 2 years before selling them? So I can sell my last shares 2 years after leaving the company?