In its entirety, the NQPS may overwhelm a secondary agricultural education teacher Therefore, the first section of this instrument was developed using abbreviated Standard Statements (see Table 1) from each of the seven program areas necessary for a high quality, well-balanced secondary agriculture program.
Objective two was designed to assist researchers in determining level of job stress, as perceived by XLR8 participants, related to each of the program standards outlined by the NQPS. Participants were asked to read a description for each standard, then indicate their perceived level ofjob stress related to the statement.
Through objective three, researchers sought to identify areas from the NQPS in which midcareer agricultural education teachers most needed and/or wanted professional development.
Secondly, opportunities related to the NQPS should be developed and provided to ensure agricultural education teachers are performing at their fullest potential.
In addition, a longitudinal study focusing on this group of mid-career agricultural education teachers should be conducted to explore implications of job stress, burnout, and satisfaction related to retention in the profession and to evaluate the benefit and outcomes associated with professional development opportunities related to the NQPS.
We believe that the diversity and professional training of our members enable us to bring an important, balanced, and practical perspective to addressing the issues raised by the NQPS provisions.
More specifically, sections 351(g)(2) and (g)(3) define the terms and conditions under which preferred stock instruments are to be considered "nonqualified." Sections 351(g)(1), 354(a)(2)(C), 355(a)(3)(D), 356(e), and 1036(b) apply the NQPS definition and prescribe the tax treatment under the specified transactions.
Under section 351(g)(2)(A), "preferred stock," which is defined under section 351(g)(3) as "stock which is limited and preferred as to dividends and does not participate in corporate growth to any significant extent," is treated as NQPS if any of the following criteria is satisfied:
Specifically, where rights or obligations of redemption or purchase may be exercised only following a 20-year period beginning on the issue date, the stock will not be treated as NQPS. In addition, where the right or obligation of purchase or redemption is subject to a contingency that, as of the issue date, "makes remote the likelihood of redemption or purchase," the stock will not be NQPS.
Section 351(g)(2)(C) sets forth additional exceptions for disregarding certain rights or obligations of purchase or redemption in determining whether preferred stock is considered NQPS. Under that section, the preferred stock is not treated as NQPS by virtue of clauses (i) to (iii) if the right or obligation may be exercised only upon the death, disability, or mental incompetency of the holder, but only if neither the stock surrendered nor the stock received in the exchange is stock of a corporation any class of which is readily tradable on an established securities exchange or otherwise.