2. Hey, we’re
gonna own it….
This whole profit share
thing... It’s been a bit of
a mystery. However, as
we reveal the results of
our work, check out
those that have yet to
be solved (and be
thankful ours finally is)!
3. Who is eligible to
participate?
All regular, full-time employees who are
employed by the company between
September 30, 2012 and June 30, 2013.
Regular, full-time employees who are hired
after September 2012 will have their
participation pro-rated by quarter.
Employees who work 30 hours or more each
week are considered full-time.
Unsolved Mystery #1: Big
Foot. Did Animal Planet’s
“Finding Big Foot” answer
this or is he/she as real as
Harry in “Harry and the
Hendersons?” We mean, it
could be eligible, right?
4. Properties contributing in
the 2013 Program
Clemson University – Clemson, SC
Georgia Southern University -
Statesboro, GA
James Madison University -
Harrisonburg, VA
Oklahoma State University - Stillwater, OK
Middle TN State University -
Murfreesboro, TN
University of Missouri – Columbia, MO
Unsolved Mystery #2:
Le sigh. Ships lost at sea, pilot’s planes
going cray and a world of other mysteries
about this place. We don’t know the
answers about this one either. We do
know it will not be contributing to the
program though. AH for the win!
5. How much money are we
talkin’ about?
The profit from the sale of these six
properties is estimated to be $50-55 Million.
The estimated aggregate benefit will be
equal to 2% of the profits or approximately
$1.1 Million (the “Benefit Pool”).
Employees are placed in 1 of 6 categories to
determine their participation level in the
program.
For a General Employee, their portion of the
Benefit Pool is 1% or $1,100,000 x 1.0% =
$11,000
Unsolved Mystery #3:
Does this leprechaun exist
and, really, where is tha gold
at? The world may never
know, but at least you know
how much you could be
making!
6. When will I get the $$?
EVPs, VPs, Regional Managers and Project
Managers will be paid via a 3-year vesting
plan – 33.3% per year.
All other employees will receive their
payment in ONE lump sum.
Payments (vested % and full) will be made
not later than March 15th immediately
following the calendar year in which the
property is closed, e.g. if the 2013 properties
close in September 2013, payment will be
made not later than March 15, 2014.
Unsolved Mystery #4:
Oh, Tupac. The infamous East
Coast vs. West Coast conflict that
brought the supposed fatal end to
the famed rapper is still TBD as
real or not. No funeral date. No
recording date for those
posthumous releases. No date for
his memorial. Sheesh. At least you
know the date you’ll be getting
your money in the bank!
7. The Charitable Portion
Aspen Heights is going to provide
approximately $200,000 to employees to
donate to one of the following entities or
projects:
1. AH In Communities
a. Boys & Girls Clubs
b. Wounded Warrior Project
c. Food for the Hungry
2. Aspen Heights in Africa
3. AH Sponsored trip to Africa
a. Fund your personal Africa trip
b. Fund the trip of a co-worker
c. Fund the trip of a family member
4. Africa New Life sponsored charities
Unsolved Mystery #5:
Why didn’t they make these shoes any
higher? We don’t know why the didn’t
either.
8. How are we rolling this
out?
ELT will meet with EVPs and VPs to
discuss their Profit Sharing plan
HR will hold meetings with each level of
employees throughout June 2013 to
discuss the details, answer
questions, build FAQs, and get signed
copies of the Profit Sharing Notice of
Eligibility and the Aspen Heights
Confidentiality Agreement.
Look for an invitation to a live meeting or
Google hangout.
Unsolved Mystery #6:
Nessie, the Loch Ness Monster, clearly exists.
She’s rolling up on home boy in this picture
that proves it.
