Tennessee 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 Tennessee Employee Stock Purchase Plan of Charming Shoppes, Inc., is a unique offering designed to provide Tennessee-based employees of Charming Shoppes, Inc., with an opportunity to purchase company stock at a discounted price. As an employee, participating in the plan allows you to become a part-owner of the company, fostering a sense of loyalty and shared success. The Tennessee Employee Stock Purchase Plan is specifically tailored for employees working in the state of Tennessee, ensuring that workers in this region have access to this exciting investment opportunity. This localized focus demonstrates Charming Shoppes' commitment to supporting its Tennessee-based workforce and fostering economic growth in the region. By participating in the Tennessee Employee Stock Purchase Plan, employees can take advantage of exclusive benefits. One such benefit is the discounted purchase price offered to participants. This means that employees can acquire company shares at a lower price than what is generally available to the public or through traditional investment channels. This discounted rate allows employees to make the most of their hard-earned money, potentially increasing their investment returns. Another advantage of the Tennessee Employee Stock Purchase Plan is the potential for capital gains. If the value of Charming Shoppes' stock increases over time, employees stand to benefit from capital appreciation. This not only reinforces the employees' belief in the success of the company but also provides them with an additional financial incentive to contribute to the company's growth and profitability. Furthermore, participation in the Tennessee Employee Stock Purchase Plan aligns the interests of the employees with those of the shareholders. As employees become co-owners of Charming Shoppes, they can actively contribute to the overall success of the company by working towards its growth and stability. This shared ownership fosters a sense of loyalty and motivation among employees, potentially leading to increased job satisfaction and productivity. It is important to note that the Tennessee Employee Stock Purchase Plan may have various options or types depending on the specific terms and conditions set by Charming Shoppes, Inc. One variation could be the option to make recurring payroll deductions towards stock purchases, allowing employees to contribute a portion of their salary regularly. Another variation may involve different offering periods during which employees can enroll and purchase shares. Overall, the Tennessee Employee Stock Purchase Plan of Charming Shoppes, Inc., offers Tennessee-based employees a unique opportunity to become shareholders in the company they work for. By participating, employees can enjoy discounted stock prices, capital appreciation potential, and an enhanced sense of ownership and loyalty. It is a testament to Charming Shoppes' dedication to its employees and the region it operates in.

Tennessee Employee Stock Purchase Plan of Charming Shoppes, Inc., is a unique offering designed to provide Tennessee-based employees of Charming Shoppes, Inc., with an opportunity to purchase company stock at a discounted price. As an employee, participating in the plan allows you to become a part-owner of the company, fostering a sense of loyalty and shared success. The Tennessee Employee Stock Purchase Plan is specifically tailored for employees working in the state of Tennessee, ensuring that workers in this region have access to this exciting investment opportunity. This localized focus demonstrates Charming Shoppes' commitment to supporting its Tennessee-based workforce and fostering economic growth in the region. By participating in the Tennessee Employee Stock Purchase Plan, employees can take advantage of exclusive benefits. One such benefit is the discounted purchase price offered to participants. This means that employees can acquire company shares at a lower price than what is generally available to the public or through traditional investment channels. This discounted rate allows employees to make the most of their hard-earned money, potentially increasing their investment returns. Another advantage of the Tennessee Employee Stock Purchase Plan is the potential for capital gains. If the value of Charming Shoppes' stock increases over time, employees stand to benefit from capital appreciation. This not only reinforces the employees' belief in the success of the company but also provides them with an additional financial incentive to contribute to the company's growth and profitability. Furthermore, participation in the Tennessee Employee Stock Purchase Plan aligns the interests of the employees with those of the shareholders. As employees become co-owners of Charming Shoppes, they can actively contribute to the overall success of the company by working towards its growth and stability. This shared ownership fosters a sense of loyalty and motivation among employees, potentially leading to increased job satisfaction and productivity. It is important to note that the Tennessee Employee Stock Purchase Plan may have various options or types depending on the specific terms and conditions set by Charming Shoppes, Inc. One variation could be the option to make recurring payroll deductions towards stock purchases, allowing employees to contribute a portion of their salary regularly. Another variation may involve different offering periods during which employees can enroll and purchase shares. Overall, the Tennessee Employee Stock Purchase Plan of Charming Shoppes, Inc., offers Tennessee-based employees a unique opportunity to become shareholders in the company they work for. By participating, employees can enjoy discounted stock prices, capital appreciation potential, and an enhanced sense of ownership and loyalty. It is a testament to Charming Shoppes' dedication to its employees and the region it operates in.