Page 38 - Q2_2022_Rosendin_Corp_Newsletter
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                                    QA                                                                                                       100% VESTED
                                                                                                                                                           Congratulations to Rosendin's Q2, 2022












                                                                                                                                    EMPLOYEE-OWNERS




                 With more employees joining Rosendin each year, here are answers
                          to some of the most frequently asked ESOP questions.







          What does ESOP stand for?                             How do you know what’s going on with your
                                                                account?
          ESOP stands for Employee Stock Ownership Plan.
                                                                Each July/August, you will receive a statement of
                                                                your account in the mail. You can also check your
            What does it mean to be an ESOP?                    account anytime at prinicipal.com.

          Being an ESOP means that the employees are
          owners of the company at no cost to them.             How does vesting work?                                                           CA                                   AZ                                  OR
          Employees get equity in the company and
          retirement benefits. An ESOP is not a 401K.           Vesting means that employees have to work for                                    Ally B.                          Matthew W.                           Rebecca F.
                                                                a company for a certain period of time before
                                                                they become the owner of the stocks offered
          When does my ESOP begin?                              through the ESOP program. To start vesting in your                             Bobby M.                             Salina B.

          ESOP starts on January first of every calendar year.   account you must participate for two (2) years. The                            Cody R.                            Thomas D.
          You are an employee-owner on the day you are          percentage of vesting is based on your years with
          hired.                                                Rosendin:                                                                        Cyd M.
                                                                  •  2 years = 20% vested                                                                                                                                 VA
                                                                                                                                                Jason Y.
          How do I become eligible for ESOP?                      •  3 years = 40% vested                                                                                              HI

          To be eligible, you must be 21 years old and work       •  4 years = 60% vested                                                        Jess U.                                                                 Trang V.
          1,000 hours in the year you were hired.
                                                                  •  5 years = 80% vested                                                        Jose C.                            Alissa B.

                                                                  •  6 years = 100% vested
          How much does the ESOP cost me?                                                                                                      Maria G-E.
                                                                This means if you leave Rosendin you would get
          Unlike publicly traded stock, you do not have to
          pay for Rosendin stock. The amount of contribution    the percent of money in your account equal to the                              Michael K.                             NC                                  TX
          is based partly on how much profit the company        number of years of service.
          makes. So, if the company does well, you do well.                                                                                      Rob M.                             Jacob M.                              Mai N.
          For each Plan Year, Rosendin Electric, Inc.           Who do I contact if I have questions?
          contributes cash or shares of Company Stock to
          the ESOP. Shares of Company Stock are credited to     Contact Human Resources at hr@rosendin.com
          your account based on a formula related to annual     or visit the ESOP page on Rosendin's intranet and
          pay.                                                  reach out to any Rosendin ESOP Trustee.
                                                                                                                                                       Visit rosendin.com/company/employee-stock-ownership-esop

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