How is CSDs stock value determined each year?
Each year an appraisal of the value of the stock is made by an independent appraisal firm. This appraisal is required by law. The profits and growth of CSD during that year will affect the value of the stock either up or down. 18. Can I purchase additional CSD shares other than the one-time July 1, 2003 Profit Sharing allocation? No, the amount of shares of stock entrusted to the ESOP are the only shares that can be allocated to participants at this time. Some ESOP’s do allow this, however, our plan does not allow the additional purchase of shares beyond those allocated to your account by the Trustees. 19. Do I pay tax on the shares in my ESOP account? No, there is no tax paid on the stock while in your ESOP account. If you leave CSD you can rollover the cash received into an IRA or other tax-deferred retirement account. As always on financial and tax matters such as these, consult your financial advisor. 20. How is the ESOP affected by the stock market? Our ESOP is not directly affect
