Utah Employee Stock Purchase Plan of American Annuity Group, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-CC-19-106
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Utah Employee Stock Purchase Plan (ESPN) is a program offered by American Annuity Group, Inc. that allows eligible employees working in Utah to purchase company stocks at discounted rates. This plan aims to provide an opportunity for employees to become shareholders in the company and benefit from potential stock value growth. The Utah Employee Stock Purchase Plan of American Annuity Group, Inc. offers various types of purchase options, including: 1. Standard ESPN: This type of plan allows employees to contribute a percentage of their salary towards purchasing company stocks at a predetermined discounted rate. The discount rate may vary based on the plan's terms and conditions. 2. Accumulation ESPN: This type of plan allows employees to accumulate their contributions over a specific period, such as a calendar year or a designated offering period. At the end of the period, employees can purchase company stocks at a discounted rate using their accumulated contributions. 3. Look back ESPN: A Look back ESPN allows employees to purchase company stocks at a discounted rate based on the lowest of the stock price at the beginning or end of the offering period. This ensures employees can take advantage of any price fluctuations and maximize their potential profit. 4. Qualified ESPN: A Qualified ESPN is a plan that meets certain statutory requirements outlined by the Internal Revenue Service (IRS). This type of plan provides tax advantages for employees, such as avoiding taxes on the discount received at the time of stock purchase. The Utah Employee Stock Purchase Plan of American Annuity Group, Inc. aims to foster a sense of ownership and participation among employees while providing them with an opportunity to share in the company's success. By offering discounted stock purchase options and various plan types, employees can build their investment portfolios and potentially benefit from the growth of the company's stock value.

Utah Employee Stock Purchase Plan (ESPN) is a program offered by American Annuity Group, Inc. that allows eligible employees working in Utah to purchase company stocks at discounted rates. This plan aims to provide an opportunity for employees to become shareholders in the company and benefit from potential stock value growth. The Utah Employee Stock Purchase Plan of American Annuity Group, Inc. offers various types of purchase options, including: 1. Standard ESPN: This type of plan allows employees to contribute a percentage of their salary towards purchasing company stocks at a predetermined discounted rate. The discount rate may vary based on the plan's terms and conditions. 2. Accumulation ESPN: This type of plan allows employees to accumulate their contributions over a specific period, such as a calendar year or a designated offering period. At the end of the period, employees can purchase company stocks at a discounted rate using their accumulated contributions. 3. Look back ESPN: A Look back ESPN allows employees to purchase company stocks at a discounted rate based on the lowest of the stock price at the beginning or end of the offering period. This ensures employees can take advantage of any price fluctuations and maximize their potential profit. 4. Qualified ESPN: A Qualified ESPN is a plan that meets certain statutory requirements outlined by the Internal Revenue Service (IRS). This type of plan provides tax advantages for employees, such as avoiding taxes on the discount received at the time of stock purchase. The Utah Employee Stock Purchase Plan of American Annuity Group, Inc. aims to foster a sense of ownership and participation among employees while providing them with an opportunity to share in the company's success. By offering discounted stock purchase options and various plan types, employees can build their investment portfolios and potentially benefit from the growth of the company's stock value.