Arkansas Employee Stock Purchase Plan of Charming Shoppes, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-CC-19-119
• Format: Word; Rich Text

Description

19-119 19-119 . . . Employee Stock Purchase Plan under which each employee can contribute from 1% to 10% of earnings through payroll deductions, and contributions are credited to account maintained on behalf of each employee by brokerage firm designated as custodian under Plan. So long as Plan is operated as "discount plan", corporation will sell shares directly to custodian at a price equal to lesser of 85% of fair market value of common stock at beginning of offering period or 85% of fair market value of common stock on purchase date. If Board designates Plan as a "matching plan", such discounted sales by corporation would be discontinued, but corporation instead would make matching contribution equal to 15% of employees' payroll contributions to be used by custodian to make market purchases of common stock at or promptly after purchase date The Arkansas Employee Stock Purchase Plan (ESPN) of Charming Shoppes, Inc. is a beneficial offering intended to incentivize employees by allowing them to become partial owners of the company. Charming Shoppes, Inc. is a well-established retail brand that operates several fashion-forward clothing stores across the United States. The ESPN provides Arkansas-based employees of Charming Shoppes, Inc. with the opportunity to purchase company stocks at a discounted price. This plan aims to promote employee loyalty, motivation, and engagement by giving them a sense of ownership and the potential to benefit from the company's success. This Arkansas ESPN comes in different types, offering employees various options to participate in the plan. These options may include: 1. Basic ESPN: This is the standard type of Arkansas ESPN offered by Charming Shoppes, Inc. It allows employees to purchase company stocks at a predetermined discounted rate. 2. Tiered ESPN: Charming Shoppes, Inc. may offer a tiered ESPN where employees can enjoy increasing discounts on company stocks based on their tenure or position within the company. 3. Matching ESPN: This type of ESPN involves Charming Shoppes, Inc. matching a percentage of the employee's contributions towards the purchase of company stocks. This provides an added benefit to employees by increasing their investment value. 4. Employee Stock Ownership Plan (ESOP): Charming Shoppes, Inc. may also provide an ESOP, which is a more comprehensive and long-term employee ownership plan. Under an ESOP, employees gradually accumulate company stocks over time, usually as part of their retirement savings program. By participating in the Arkansas Employee Stock Purchase Plan of Charming Shoppes, Inc., employees can take advantage of potential stock price appreciation and enjoy financial benefits by becoming stakeholders in the company. This plan demonstrates Charming Shoppes, Inc.'s commitment to valuing its employees and fostering a positive work environment. To summarize, the Arkansas Employee Stock Purchase Plan of Charming Shoppes, Inc. offers employees the opportunity to purchase company stocks at a discounted price. This plan includes various types such as the basic ESPN, tiered ESPN, matching ESPN, and potentially an ESOP. Participating employees can enjoy ownership benefits and potentially increase their wealth through stock price appreciation.

The Arkansas Employee Stock Purchase Plan (ESPN) of Charming Shoppes, Inc. is a beneficial offering intended to incentivize employees by allowing them to become partial owners of the company. Charming Shoppes, Inc. is a well-established retail brand that operates several fashion-forward clothing stores across the United States. The ESPN provides Arkansas-based employees of Charming Shoppes, Inc. with the opportunity to purchase company stocks at a discounted price. This plan aims to promote employee loyalty, motivation, and engagement by giving them a sense of ownership and the potential to benefit from the company's success. This Arkansas ESPN comes in different types, offering employees various options to participate in the plan. These options may include: 1. Basic ESPN: This is the standard type of Arkansas ESPN offered by Charming Shoppes, Inc. It allows employees to purchase company stocks at a predetermined discounted rate. 2. Tiered ESPN: Charming Shoppes, Inc. may offer a tiered ESPN where employees can enjoy increasing discounts on company stocks based on their tenure or position within the company. 3. Matching ESPN: This type of ESPN involves Charming Shoppes, Inc. matching a percentage of the employee's contributions towards the purchase of company stocks. This provides an added benefit to employees by increasing their investment value. 4. Employee Stock Ownership Plan (ESOP): Charming Shoppes, Inc. may also provide an ESOP, which is a more comprehensive and long-term employee ownership plan. Under an ESOP, employees gradually accumulate company stocks over time, usually as part of their retirement savings program. By participating in the Arkansas Employee Stock Purchase Plan of Charming Shoppes, Inc., employees can take advantage of potential stock price appreciation and enjoy financial benefits by becoming stakeholders in the company. This plan demonstrates Charming Shoppes, Inc.'s commitment to valuing its employees and fostering a positive work environment. To summarize, the Arkansas Employee Stock Purchase Plan of Charming Shoppes, Inc. offers employees the opportunity to purchase company stocks at a discounted price. This plan includes various types such as the basic ESPN, tiered ESPN, matching ESPN, and potentially an ESOP. Participating employees can enjoy ownership benefits and potentially increase their wealth through stock price appreciation.