What Is an Omnibus Stock Plan?
- Number of Shares. An omnibus stock plan typically begins with the maximum number of shares allocated under the plan, which can include restricted stock, remaining awards from previous plans, share ...
- Stock Options and Restricted Stock Awards. ...
- Performance Awards and Bonus Shares. ...
- Stock Appreciation Rights. ...
What is an omnibus account in stocks?
The broker who handles the omnibus account for his or her clients may make deals with other brokers to benefit the investors who are involved in the account. An omnibus account is a specific kind of stock holding account that involves multiple investors.
What is an'Omnibus Account'?
What is an 'Omnibus Account'. Transactions within the account are carried out in the name of the broker, protecting the identities of the two or more people invested in the omnibus account. The broker managing the omnibus account typically has the ability to execute trades on behalf of investors with funds inside the omnibus account.
What are stock options and restricted stock awards?
Stock Options and Restricted Stock Awards The allocation of stock options represents a contract that a corporation issues under an omnibus stock plan, which gives the recipient the right, but not the obligation, to buy a fixed number of shares within a set time frame.
What happens if a country accepts an Omnibus Account?
If a country accepts an omnibus account from a foreign country, it becomes the host market. Depending on the host country involved, regulatory concerns may arise. Since the individual investors participating in the account aren't known, there is no way to determine the intents of the investors involved.
Examples of Omnibus Stock Plan in a sentence
All Options granted to Executive prior to the Termination Date shall continue to vest, according to their schedule following the Termination Date and through the date of the final payment of Salary Continuation (unless otherwise previously vested pursuant to the 1993 Omnibus Stock Plan or any other Award Plan).
More Definitions of Omnibus Stock Plan
Omnibus Stock Plan means the Company Omnibus Stock Plan, as set forth herein and as in effect and as amended from time to time (together with any rules and regulations promulgated by the Committee with respect thereto).
Related to Omnibus Stock Plan
Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.
What is Omnibus account?
An omnibus account allows for managed trades of more than one person, and allows for anonymity of the persons in the account. Omnibus accounts are used by futures commission merchants. Transactions within the account are carried out in the name of the broker, protecting the individual identities of the two or more people invested in ...
Why do managers have omnibus accounts?
Omnibus accounts allow more efficient transactions to take place, since the manager can act swiftly when market conditions call for it. Also, the manager's compensation is often tied to the performance of the omnibus account, adding incentive to have it perform well.
Why are omnibus accounts banned?
Because of this, some markets have banned omnibus accounts to defend against destabilization or potential market manipulation.
How many people are required to open an Omnibus account?
A minimum of two individuals are required to create an omnibus account. All transactions occurring within an omnibus account will appear under the name of the associated broker, leaving the details of individual investors private. An omnibus account is normally overseen by a futures manager.
What happens if a country accepts an Omnibus account from a foreign country?
If a country accepts an omnibus account from a foreign country, it becomes the host market. Depending on the host country involved, regulatory concerns may arise. Since the individual investors participating in the account aren't known, there is no way to determine the intents of the investors involved.
Can an omnibus account be used in the world?
An omnibus account can provide investors with access to foreign markets while maintaining a level of anonymity, although, omnibus accounts are not allowed in parts of the world. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
What is an Omnibus Plan?
definition. Omnibus Plan means the Southern Company Omnibus Incentive Compensation Plan, and the Design and Administrative Specifications duly adopted thereunder, as in effect on the date a Change in Control is Consummated.
When did the 2016 Omnibus Incentive Plan become effective?
If the Company’s shareholders do not approve this Plan, no Awards will be made under this Plan.The 2016 Omnibus Plan Incentive Plan was originally approved by the Company’s shareholders and became effective on May 19, 2016 (the “Effective Date”).
Examples of Omnibus Plans in a sentence
Upon the terms and subject to the conditions of the Offer, the Company will exchange any and all outstanding Eligible Awards under the Omnibus Plans, the 1990 Stock Plan, the ICP, the 1986 Stock Plan and the Director Stock Plan that are properly tendered and not validly withdrawn in accordance with Section 5 of this Offer to Exchange before the Expiration Date..
Related to Omnibus Plans
Omnibus Plan means the Hanesbrands Inc. Omnibus Incentive Plan of 2006, as amended from time to time, and any successor plan or plans. The long-term incentive described in this section (“Long-Term Cash Incentive Plan”) includes cash long-term incentives, but does not include stock options, RSUs, or other equity awards.
