Wisconsin Amended and Restated Employee Stock Purchase Plan

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-CC-19-179
• Format: Word; Rich Text

Description

19-179 19-179 . . . Employee Stock Purchase Plan under which each employee of corporation and its wholly-owned direct or indirect, domestic and foreign subsidiaries that have authorized participation in Plan (Participating Company) can contribute up to 15% of earnings through payroll deductions and Participating Company contributes a cash amount equal to 5% of participant's payroll deductions for first year of participation, additional 7% for second year, additional 10% for third year, additional 13% for fourth year and additional 15% for fifth year. Custodian of plan purchases shares of common stock on open market or from corporation at current market prices, using payroll deductions and applicable matching Company contributions The Wisconsin Amended and Restated Employee Stock Purchase Plan (ESPN) is a company-sponsored benefit program that allows eligible employees to purchase company stock at a discounted price. The plan is designed to encourage employee ownership and provide an additional form of compensation. Under the Wisconsin ESPN, employees have the opportunity to contribute a portion of their salary towards the purchase of company stock. The contributions are usually made through payroll deductions and are accumulated over a specific offering period. At the end of the offering period, the accumulated contributions are used to purchase company stock at a price determined either at the beginning or the end of the offering period, typically at a discount to the fair market value. The Wisconsin ESPN offers numerous advantages to employees. Firstly, it provides an opportunity to invest in the company they work for, allowing them to potentially benefit from the company's success and growth. Secondly, the discounted purchase price provides an instant return on investment, as employees can sell the purchased stock at the market value, realizing immediate profit. Furthermore, the plan promotes a sense of ownership and loyalty among employees, as they become more involved and connected to the company's performance. Different types of the Wisconsin Amended and Restated Employee Stock Purchase Plan may exist, depending on the specific provisions outlined by each company. Some companies may offer a "standard" ESPN, where all eligible employees have access to the plan with the same terms and conditions. Other companies may have a "graded" or "tiered" ESPN, which offers different levels of discounts or other benefits based on an employee's position or tenure. It's essential for employees to carefully read and understand the details of their employer's ESPN, as the terms may vary. Some key factors to consider are the offering period length, the discount percentage, any maximum or minimum contribution limits, and any tax implications involved in participating in the plan. Overall, the Wisconsin Amended and Restated Employee Stock Purchase Plan presents a valuable opportunity for employees to invest in their company's stock, potentially earning significant financial gains while fostering a sense of ownership and loyalty.

The Wisconsin Amended and Restated Employee Stock Purchase Plan (ESPN) is a company-sponsored benefit program that allows eligible employees to purchase company stock at a discounted price. The plan is designed to encourage employee ownership and provide an additional form of compensation. Under the Wisconsin ESPN, employees have the opportunity to contribute a portion of their salary towards the purchase of company stock. The contributions are usually made through payroll deductions and are accumulated over a specific offering period. At the end of the offering period, the accumulated contributions are used to purchase company stock at a price determined either at the beginning or the end of the offering period, typically at a discount to the fair market value. The Wisconsin ESPN offers numerous advantages to employees. Firstly, it provides an opportunity to invest in the company they work for, allowing them to potentially benefit from the company's success and growth. Secondly, the discounted purchase price provides an instant return on investment, as employees can sell the purchased stock at the market value, realizing immediate profit. Furthermore, the plan promotes a sense of ownership and loyalty among employees, as they become more involved and connected to the company's performance. Different types of the Wisconsin Amended and Restated Employee Stock Purchase Plan may exist, depending on the specific provisions outlined by each company. Some companies may offer a "standard" ESPN, where all eligible employees have access to the plan with the same terms and conditions. Other companies may have a "graded" or "tiered" ESPN, which offers different levels of discounts or other benefits based on an employee's position or tenure. It's essential for employees to carefully read and understand the details of their employer's ESPN, as the terms may vary. Some key factors to consider are the offering period length, the discount percentage, any maximum or minimum contribution limits, and any tax implications involved in participating in the plan. Overall, the Wisconsin Amended and Restated Employee Stock Purchase Plan presents a valuable opportunity for employees to invest in their company's stock, potentially earning significant financial gains while fostering a sense of ownership and loyalty.