The Lima Arizona Employee Stock Purchase Plan (ESPN) offered by American Annuity Group, Inc. is a program designed to provide eligible employees with the opportunity to purchase company stock at a discounted price. This plan allows employees to invest in the company's stock, fostering a sense of ownership and alignment with the organization's financial success. The Lima Arizona ESPN provides participants with the ability to contribute a portion of their salary towards the purchase of company stock. These contributions are made on an after-tax basis, meaning that the employee pays taxes on the amount withheld from their paycheck. However, the stock purchased through the plan may offer potential tax advantages if held for a specified period. One key benefit of the Lima Arizona ESPN is the stock discount offered to employees. This discount can be a predetermined percentage off the fair market value of the stock, allowing employees to purchase shares at a lower price than what is available on the open market. This discount can vary depending on the plan and may be subject to certain limitations or restrictions. Another feature of the Lima Arizona ESPN is the purchase period, which typically runs for a designated duration, such as six months or a year. Employees may choose to contribute a specified percentage of their income up to a predetermined maximum limit during this period. At the end of the purchase period, the accumulated contributions are used to buy company stock at the discounted price. It is essential to note that the Lima Arizona ESPN may have specific eligibility criteria in terms of employment status, length of service, or minimum hours worked. Employees interested in participating in this plan should review the detailed terms and conditions provided by American Annuity Group, Inc. Overall, the Lima Arizona Employee Stock Purchase Plan of American Annuity Group, Inc. aims to empower employees by offering them the opportunity to share in the company's success through stock ownership, potential tax advantages, and a discounted purchase price. By fostering a sense of ownership, the plan can incentivize employees and align their interests with the long-term growth and prosperity of the organization.