Harris Texas Employee Stock Purchase Plan of American Annuity Group, Inc.

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

Description

This is a multi-state form covering the subject matter of the title. Harris Texas Employee Stock Purchase Plan (ESPN) is a program offered by American Annuity Group, Inc. that allows eligible employees to purchase company stock at a discounted price. ESPN is a popular employee benefit that helps foster employee ownership and financial growth. The Harris Texas ESPN at American Annuity Group, Inc. provides employees with an opportunity to invest in the company's stock through payroll deductions. The program enables employees to acquire company shares at a discounted price, typically below the market value, making it an attractive investment option. Some key features of the Harris Texas ESPN include: 1. Discounted Stock Purchase: The ESPN allows employees to buy company stock at a predetermined discounted price. This enables employees to accumulate company shares at a favorable rate, potentially leading to substantial financial gains. 2. Convenient Payroll Deductions: Participating employees can contribute a percentage of their salary to the ESPN through automatic payroll deductions. This makes it easy for employees to set aside funds for stock purchases without any inconvenience. 3. Accumulation Periods: Many ESPN, including the Harris Texas ESPN, operate on a set accumulation period. Employees can accumulate their contributions over a specific period, such as six months or a year, before the purchase period begins. 4. Purchase Period: After the accumulation period ends, a purchase period commences, during which employees can use their accumulated funds to buy company stock at the discounted price. This period may be a few days or weeks. 5. No Obligation to Purchase: While employees have the option to buy company stock, they are not obligated to do so. If they choose not to participate, they can simply opt out and continue their regular salary without any impact. Different types of Harris Texas Employee Stock Purchase Plans within American Annuity Group, Inc. may include variations in the discount percentage, accumulation period, purchase frequency, and other specific plan rules. The exact details of each type may differ, offering flexibility to cater to the diverse needs and preferences of employees. In summary, the Harris Texas Employee Stock Purchase Plan offers employees of American Annuity Group, Inc. an opportunity to invest in company stock at a discounted price. By participating in this program, employees can potentially enhance their financial well-being while fostering a sense of ownership in the company.

Harris Texas Employee Stock Purchase Plan (ESPN) is a program offered by American Annuity Group, Inc. that allows eligible employees to purchase company stock at a discounted price. ESPN is a popular employee benefit that helps foster employee ownership and financial growth. The Harris Texas ESPN at American Annuity Group, Inc. provides employees with an opportunity to invest in the company's stock through payroll deductions. The program enables employees to acquire company shares at a discounted price, typically below the market value, making it an attractive investment option. Some key features of the Harris Texas ESPN include: 1. Discounted Stock Purchase: The ESPN allows employees to buy company stock at a predetermined discounted price. This enables employees to accumulate company shares at a favorable rate, potentially leading to substantial financial gains. 2. Convenient Payroll Deductions: Participating employees can contribute a percentage of their salary to the ESPN through automatic payroll deductions. This makes it easy for employees to set aside funds for stock purchases without any inconvenience. 3. Accumulation Periods: Many ESPN, including the Harris Texas ESPN, operate on a set accumulation period. Employees can accumulate their contributions over a specific period, such as six months or a year, before the purchase period begins. 4. Purchase Period: After the accumulation period ends, a purchase period commences, during which employees can use their accumulated funds to buy company stock at the discounted price. This period may be a few days or weeks. 5. No Obligation to Purchase: While employees have the option to buy company stock, they are not obligated to do so. If they choose not to participate, they can simply opt out and continue their regular salary without any impact. Different types of Harris Texas Employee Stock Purchase Plans within American Annuity Group, Inc. may include variations in the discount percentage, accumulation period, purchase frequency, and other specific plan rules. The exact details of each type may differ, offering flexibility to cater to the diverse needs and preferences of employees. In summary, the Harris Texas Employee Stock Purchase Plan offers employees of American Annuity Group, Inc. an opportunity to invest in company stock at a discounted price. By participating in this program, employees can potentially enhance their financial well-being while fostering a sense of ownership in the company.