Employee Stock Ownership Program
Roundtable Corporation & RCDQ Subsidiaries, Inc.
ESOP
Our ESOP allows our employees to own part of our company! This is a truly generous and exciting benefit for employees, and we have provided an explanation about how this plan works:
What is an ESOP?
ESOP (Employee Stock Ownership Plan) means that our employee group owns part of our company.
How much ownership do our employees have?
Our employee group owns one third of our entire company! Each employee accrues stock shares according to his/her overall salary for the year. Therefore, it is to your advantage to work hard to earn raises and promotions within the company. That increase in salary also translates into more stock shares for you.
How do I enroll in the program?
Employees are automatically enrolled in the ESOP after their first thirty days of employment. There is no need to “sign up” for the plan. Employees drop out of the program 365 days after their final day of employment with the company. That means that school students or seasonal workers do not drop out of the stock plan as long as they work at least one shift each year.
How much do I need to pay for this stock ownership?
The ESOP is free for all employees! Nothing is deducted from your paycheck!
How can I use this as a retirement program, college
tuition fund, or nest egg fund for my family?
You will begin accruing stock after your first thirty days of employment, and you need to stay a minimum of three years in order to vest in your stock. You will continue to “accrue” stock every year of your employment, which means that you gain more shares of stock each year. “Vesting” means that if you leave, you would be eligible to receive the cash value of your stock after that time. Here is the vesting schedule for our ESOP:
| Years | % Vested |
| 3 years | 20% vested |
| 4 years | 40% vested |
| 5 years | 60% vested |
| 6 years | 80% vested |
| 7 or more years | 100% vested |
Think of this program like a “savings account” except that you don’t have to put your own money into it to receive the wonderful benefits!
Who determines the value of your stock?
YOU DO! The value of the stock is determined by the overall performance of the company. By keeping our customers happy and returning to DQ® and by controlling costs, you determine the success of this company.
How will I know how much stock that I have accrued
or vested?
You will receive a statement yearly. After a full year of employment, you will begin receiving statements.
When will I receive payments?
You will receive paperwork regarding your payments after you have left your employment with the company for a full 365 days. The company will contact you after July of that year once they have done the accounting and valuations for the plan.
So, What’s the Catch?
There is no catch. Our Employee Stock Ownership Plan is an incentive for long-term employment with Roundtable Corporation. We value hard-working employees, and like to keep them around for as long as possible! Thus, the longer an employee stays with us, the more money he or she will earn through our ESOP.
Please Contact Us if you have further questions about ESOP or your statements.
