Washington Employee Stock Purchase Plan of Rally Manufacturing Corp.

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-CC-19-129
• Format: Word; Rich Text

Description

19-129 19-129 . . . Employee Stock Purchase Plan under which each eligible employee can contribute between 1% and 6% of his or her basic compensation through payroll deductions and, on last day of each Purchase Period, amount withheld is used to purchase shares of common stock (not to exceed 1,000 shares during any Purchase Period) at 85% of lesser of fair market value of a share of common stock on either grant date or exercise date, but not less than par value The Washington Employee Stock Purchase Plan (ESPN) of Rally Manufacturing Corp. is an employee benefit program designed to provide eligible employees with the opportunity to purchase company stock at a discounted price. This plan is available specifically for employees working in the state of Washington. The Washington ESPN is designed to promote employee ownership and align the interests of employees and shareholders. It allows eligible employees to contribute a portion of their salary to purchase Rally Manufacturing Corp.'s common stock. The contributions are made through regular payroll deductions, typically on an after-tax basis. Participating employees can purchase the company's stock at a price determined by either the lowest of the market value at the beginning or the end of the offering period or at a discount of up to 15% off the market price. This discount serves as an incentive for employees to participate in the plan and benefit from potential stock price appreciation. One important aspect of the Washington ESPN is that it provides employees with a convenient way to invest in their company's stock, often with minimal administrative complexities. The plan helps employees build their personal financial portfolios and potentially share in the company's success. It's worth noting that Rally Manufacturing Corp. may offer different types of Employee Stock Purchase Plans, depending on the specific terms and conditions each plan entails. These variations could be related to the discount percentage, the offering period duration, or whether there are any limitations on the number of shares an employee can purchase. The Washington ESPN of Rally Manufacturing Corp. serves as an excellent opportunity for eligible employees in the state of Washington to acquire company stock, potentially grow their investments, and actively participate in the company's long-term success.

The Washington Employee Stock Purchase Plan (ESPN) of Rally Manufacturing Corp. is an employee benefit program designed to provide eligible employees with the opportunity to purchase company stock at a discounted price. This plan is available specifically for employees working in the state of Washington. The Washington ESPN is designed to promote employee ownership and align the interests of employees and shareholders. It allows eligible employees to contribute a portion of their salary to purchase Rally Manufacturing Corp.'s common stock. The contributions are made through regular payroll deductions, typically on an after-tax basis. Participating employees can purchase the company's stock at a price determined by either the lowest of the market value at the beginning or the end of the offering period or at a discount of up to 15% off the market price. This discount serves as an incentive for employees to participate in the plan and benefit from potential stock price appreciation. One important aspect of the Washington ESPN is that it provides employees with a convenient way to invest in their company's stock, often with minimal administrative complexities. The plan helps employees build their personal financial portfolios and potentially share in the company's success. It's worth noting that Rally Manufacturing Corp. may offer different types of Employee Stock Purchase Plans, depending on the specific terms and conditions each plan entails. These variations could be related to the discount percentage, the offering period duration, or whether there are any limitations on the number of shares an employee can purchase. The Washington ESPN of Rally Manufacturing Corp. serves as an excellent opportunity for eligible employees in the state of Washington to acquire company stock, potentially grow their investments, and actively participate in the company's long-term success.