Louisiana 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 Louisiana Employee Stock Purchase Plan (ESPN) of Charming Shoppes, Inc. is a beneficial program designed to offer eligible employees the opportunity to purchase company stock at a discounted price. As an employee of Charming Shoppes in Louisiana, you have the chance to invest in the company you work for and potentially earn significant returns. Under the Louisiana ESPN, employees can contribute a portion of their salary to purchase shares of Charming Shoppes stock. The plan typically offers a limited enrollment period during which eligible employees can sign up to participate. The enrollment process is relatively straightforward, and employees need to complete the necessary paperwork to indicate their desired contribution amount. One noteworthy feature of the Louisiana ESPN is the discount provided to participants. Charming Shoppes offers a discounted stock purchase price, typically based on a percentage lower than the current market value. This discount provides employees with a financial incentive to participate in the program and potentially generate significant returns over time. It is important to note that there may be different types of Louisiana Employee Stock Purchase Plans within Charming Shoppes, Inc., depending on the specific terms and conditions set by the company. These plans can vary in terms of discount percentages, enrollment periods, and allocation of stock options. Employees who participate in the Louisiana ESPN have the opportunity to increase their ownership stake in the company, demonstrate their commitment to its success, and potentially benefit from any future growth in Charming Shoppes' stock value. Additionally, the ESPN serves as a valuable employee retention tool, as it encourages employees to remain with the company for an extended period. In summary, the Louisiana Employee Stock Purchase Plan of Charming Shoppes, Inc. is an enticing program that allows eligible employees to invest in the company they work for. With the potential for discounted stock prices and future financial gains, the ESPN presents employees with a unique opportunity to build wealth alongside their employment with Charming Shoppes.

The Louisiana Employee Stock Purchase Plan (ESPN) of Charming Shoppes, Inc. is a beneficial program designed to offer eligible employees the opportunity to purchase company stock at a discounted price. As an employee of Charming Shoppes in Louisiana, you have the chance to invest in the company you work for and potentially earn significant returns. Under the Louisiana ESPN, employees can contribute a portion of their salary to purchase shares of Charming Shoppes stock. The plan typically offers a limited enrollment period during which eligible employees can sign up to participate. The enrollment process is relatively straightforward, and employees need to complete the necessary paperwork to indicate their desired contribution amount. One noteworthy feature of the Louisiana ESPN is the discount provided to participants. Charming Shoppes offers a discounted stock purchase price, typically based on a percentage lower than the current market value. This discount provides employees with a financial incentive to participate in the program and potentially generate significant returns over time. It is important to note that there may be different types of Louisiana Employee Stock Purchase Plans within Charming Shoppes, Inc., depending on the specific terms and conditions set by the company. These plans can vary in terms of discount percentages, enrollment periods, and allocation of stock options. Employees who participate in the Louisiana ESPN have the opportunity to increase their ownership stake in the company, demonstrate their commitment to its success, and potentially benefit from any future growth in Charming Shoppes' stock value. Additionally, the ESPN serves as a valuable employee retention tool, as it encourages employees to remain with the company for an extended period. In summary, the Louisiana Employee Stock Purchase Plan of Charming Shoppes, Inc. is an enticing program that allows eligible employees to invest in the company they work for. With the potential for discounted stock prices and future financial gains, the ESPN presents employees with a unique opportunity to build wealth alongside their employment with Charming Shoppes.