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As an additional means of compensation, some companies give employees shares of company stock, or the employee may receive stock options which allow the purchase of company stock at a certain price within a specific time period. The stock plan administrator is the person who monitors the legal and financial rules of the stock plan.
Generally, the stock plan administrator confirms that the plan complies with U.S. Securities and Exchange Commission legal requirements, produces management reports and creates material to communicate plan details to employees. The administrator answers employee questions, manages day-to-day transactions, is required to know the tax, accounting, securities and legal implications of the plan, and is responsible for producing the necessary tax and employee reports.
Diane Stevens' professional experience started in 1970 with a computer programming position. Beginning in 1985, running her own business gave her extensive experience in personal and business finance. Her writing appears on Orbitz's Travel Blog and other websites. Stevens holds a Bachelor of Science in physics from the State University of New York at Albany.