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Membership Membership Districts Uniform Marketing & Delivery Agreement Corn Procurement Policy Pool System for Corn Delivery Freight Incentive GLCP Third Party Delivery Form Commercial Level Investment Distillers Discount Bylaws & Articles of Incorporation Membership Agreement/Application Definition of Original vs. New Shares Retainage Payout Resolution Disclosure of Material Information/Insider Trading Policy IC DISC/GLE Export Holdings Company Documents |
commercial level investmentDuring GLCP’s initial Offering of Common Stock in 2001, commercial shares were issued to members who purchased a designated block of 50,000 shares or more. GLCP will pay the commercial shareholder of record as of August 31 of the current fiscal year a $0.03/per committed bushel volume incentive on such original shares (excluding any shares received therefore in any stock split or combination following the issue date of the original shares), whether delivered by or on behalf of such Member, with a floor for purposes of the volume incentive payment hereunder of 50,000 bushels. Payment will be made within 30 days following the close of each fiscal year. Commercial level members who choose to sell their shares must sell them in their respective block otherwise if the shares are split apart the commercial level incentive is lost and can never be regained. |
