Arizona 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 Arizona Employee Stock Purchase Plan of Charming Shoppes, Inc. is a program designed to allow employees of the company to purchase company stock at a discounted price. This plan offers eligible Arizona-based employees the opportunity to invest in the company and benefit from its success. The Arizona Employee Stock Purchase Plan of Charming Shoppes, Inc. is a type of employee benefit plan that encourages employee ownership and fosters a sense of loyalty and commitment towards the company. It provides employees with a chance to share in the financial gains of the company, aligning their interests with those of the shareholders. Keywords: Arizona Employee Stock Purchase Plan, Charming Shoppes, Inc., employee benefit plan, stock purchase, discounted price, employee ownership, financial gains, loyalty, commitment. Different types or variations of the Arizona Employee Stock Purchase Plan may exist based on various factors such as eligibility criteria, purchase periods, and discount rates. However, specific information regarding the different types of this plan for Charming Shoppes, Inc. could not be found in the provided description. It's recommended to review the official plan documentation or company resources to get a more comprehensive understanding of the plan's specifics.

The Arizona Employee Stock Purchase Plan of Charming Shoppes, Inc. is a program designed to allow employees of the company to purchase company stock at a discounted price. This plan offers eligible Arizona-based employees the opportunity to invest in the company and benefit from its success. The Arizona Employee Stock Purchase Plan of Charming Shoppes, Inc. is a type of employee benefit plan that encourages employee ownership and fosters a sense of loyalty and commitment towards the company. It provides employees with a chance to share in the financial gains of the company, aligning their interests with those of the shareholders. Keywords: Arizona Employee Stock Purchase Plan, Charming Shoppes, Inc., employee benefit plan, stock purchase, discounted price, employee ownership, financial gains, loyalty, commitment. Different types or variations of the Arizona Employee Stock Purchase Plan may exist based on various factors such as eligibility criteria, purchase periods, and discount rates. However, specific information regarding the different types of this plan for Charming Shoppes, Inc. could not be found in the provided description. It's recommended to review the official plan documentation or company resources to get a more comprehensive understanding of the plan's specifics.