If an employee of a converted public service unit commits to working long-term for the joint stock company, how many additional shares can they buy?
Pursuant to the provisions in Point a Clause 2 Article 37 Decree No. 150/2020/ND-CP then the public employee works under the labor contract of the public service unit at the time of determining the value of the converted public service unit if he/she belongs to the category of converted public service unit that needs to use it and has a commitment to use it. If you commit to working long-term for a joint stock company for at least 03 years from the date the enterprise is first granted the Business Registration Certificate, you will be able to buy additional shares, specifically:
- Buy additional shares at the rate of 200 shares/1 year of commitment to continue working in the business but no more than 2,000 shares per person.
- Particularly, employees who are good experts with high professional qualifications can buy additional shares at the rate of 800 shares/1 year of commitment to continue working in the enterprise but not exceeding a maximum of 8,000 shares.