After the first year of continuous full-time employment with Rycon Construction, Inc., employees are entered into the ESOP program. After each fiscal year all employees are awarded shares and those shares are assigned a value based on the overall profitability of the company. It is fully dependent upon how we, as a company, perform during the fiscal year, and not on the uncertain rise and fall of stock market.
Additionally, our employees do not monetarily contribute toward this program, so they may sit back, relax, and allow their “stock” to grow! These contributions continue as long as the employee is active with the company. Once an employee surpasses their sixth consecutive year of continuous employment with Rycon Construction, they become 100% vested.