Question
Jocko works for IBM, a publicly traded company that sponsors a stock bonus plan. Which of the following statements is true regarding the plan? a.
Jocko works for IBM, a publicly traded company that sponsors a stock bonus plan. Which of the following statements is true regarding the plan?
a. If Jocko has less than three years, he is permitted to diversify one-half of company match contributions that consist of IBM stock.
b. Jocko cannot vote the shares of IBM within his account.
c. Upon termination, Jocko must be given the right to receive IBM stock held in the plan as part of a distribution.
d. Jocko can demand that his employer repurchase his shares so that he receives his distribution in cash.
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