ESOP Frequently Asked Questions

Employee Stock Ownership Program (E.S.O.P.)

1. How are ESOP shares allocated?

Each calendar year end, your allocation will be based on your annual compensation (less any prevailing rate job extras, if any) divided by the total compensation paid by Ryco to all ESOP participants.

2. How is the share value determined?

The share value is calculated by an annual valuation report prepared by an independent CPA firm; company profitability determines the annual share value.

3. What happens to an employee’s shares if they quit or are terminated?

All shares return to the ESOP to be reallocated to the remaining ESOP participants in future year allocations.

4. What determines the allocation of future shares released by the company?

Annually as the ESOP debt is repaid, additional shares will be allocated.