CRUISE AMERICA IS PROUD TO BE
EMPLOYEE OWNED. CUSTOMER DRIVEN.
We believe our employees should share in the success of our company in a tangible way. That's why we created an Employee Stock Ownership Plan ("ESOP"). Participating in the ESOP program means employees are part owners of the company and benefit financially from a job well done. In this way, there is direct incentive for employees to work hard and take pride in what they do; that is why our assistance is better, our work ethic rocks and our smiles are bigger.
Eligibility Prerequisites :
Employees who meet the requirements are eligible to be in the program:
Age Requirement- You must be at least 21 years of age.
Service Requirement- You must be credited with at least 1 Year of Service.
Entry Date- You will enter the Plan as a Participant on the June 1st or December 1st that coincides with or next follows the date that you first satisfy both the age and the service requirements described above.
WHAT IS AN ESOP?
An employee stock ownership plan (ESOP) is an employee-owner program that provides the Cruise America employees with an ownership interest in the company. In the ESOP, Cruise America provides our employees with stock ownership, at no upfront cost to the employees. ESOP shares, however, are part of employees' payback for work performed. Shares are allocated to employees and may be held in an ESOP trust until the you retire or leave the company.
Years of Plan Service..... Percent Vested
1 Year of Service...............0% Vested
2 Years of Service ...........20% Vested
3 Years of Service ...........40% Vested
4 Years of Service ...........60% Vested
5 Years of Service ...........80% Vested
6 Years of Service .........100% Vested
At Cruise America, being an employee owner means having a stable presence while building your future. Our employees enjoy industry competitive wages and the long term investment that comes from company ownership.
How an ESOP Works
