Contra Costa California Employee Stock Purchase Plan of Charming Shoppes, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Contra Costa
• Control #: US-CC-19-119
• Format: Word; Rich Text

Description

19-119 19-119 . . . Employee Stock Purchase Plan under which each employee can contribute from 1% to 10% of earnings through payroll deductions, and contributions are credited to account maintained on behalf of each employee by brokerage firm designated as custodian under Plan. So long as Plan is operated as "discount plan", corporation will sell shares directly to custodian at a price equal to lesser of 85% of fair market value of common stock at beginning of offering period or 85% of fair market value of common stock on purchase date. If Board designates Plan as a "matching plan", such discounted sales by corporation would be discontinued, but corporation instead would make matching contribution equal to 15% of employees' payroll contributions to be used by custodian to make market purchases of common stock at or promptly after purchase date Charming Shoppes, Inc., a renowned retail company, offers its employees in Contra Costa California the opportunity to participate in its Employee Stock Purchase Plan (ESPN). This program allows employees to purchase company shares at a discounted rate, fostering a sense of ownership and incentivizing long-term commitment. The Contra Costa California Employee Stock Purchase Plan of Charming Shoppes, Inc. provides several benefits to eligible employees. Through this plan, employees can allocate a certain portion of their salary towards purchasing company stock on a regular basis. This option enables them to accumulate shares gradually, promoting financial growth and potential future gains. One notable advantage of the Contra Costa California Employee Stock Purchase Plan is the discounted stock price. Participants are offered the opportunity to purchase Charming Shoppes, Inc. stocks at a reduced rate, which is typically below the market price. This discounted price enhances the value of the plan, allowing employees to acquire shares at a more favorable rate than regular investors. Another beneficial aspect of this ESPN is the convenience it offers employees. The plan usually operates through automated payroll deductions, making it effortless for employees to contribute towards their stock purchase. This seamless process ensures regular investment into their chosen stocks, without the need for manual involvement, saving time and effort. The Contra Costa California Employee Stock Purchase Plan of Charming Shoppes, Inc. may have different types based on specific terms or features. Some potential variations include: 1. Standard ESPN: This type allows employees to purchase company shares at a discounted rate, typically around 15% off the market value. Participants may have various options regarding the percentage of their salary to allocate towards stock purchases. 2. Accumulative ESPN: In this type, employees can accumulate shares gradually over a set period, such as six months or one year. The accumulated shares may be purchased at a predetermined discount rate, making it a popular choice for employees seeking long-term investment. 3. Matching ESPN: This variant may offer additional incentives to employees. In addition to the discounted stock price, the company may match a certain percentage of the employee's contributions, further amplifying the potential benefits of participation. By participating in the Contra Costa California Employee Stock Purchase Plan of Charming Shoppes, Inc., employees can not only invest in their company's success but also enjoy potential financial growth. This ESPN presents an excellent opportunity for employees to build wealth, increase their stake in the company, and align their interests with Charming Shoppes, Inc.'s overall performance.

Charming Shoppes, Inc., a renowned retail company, offers its employees in Contra Costa California the opportunity to participate in its Employee Stock Purchase Plan (ESPN). This program allows employees to purchase company shares at a discounted rate, fostering a sense of ownership and incentivizing long-term commitment. The Contra Costa California Employee Stock Purchase Plan of Charming Shoppes, Inc. provides several benefits to eligible employees. Through this plan, employees can allocate a certain portion of their salary towards purchasing company stock on a regular basis. This option enables them to accumulate shares gradually, promoting financial growth and potential future gains. One notable advantage of the Contra Costa California Employee Stock Purchase Plan is the discounted stock price. Participants are offered the opportunity to purchase Charming Shoppes, Inc. stocks at a reduced rate, which is typically below the market price. This discounted price enhances the value of the plan, allowing employees to acquire shares at a more favorable rate than regular investors. Another beneficial aspect of this ESPN is the convenience it offers employees. The plan usually operates through automated payroll deductions, making it effortless for employees to contribute towards their stock purchase. This seamless process ensures regular investment into their chosen stocks, without the need for manual involvement, saving time and effort. The Contra Costa California Employee Stock Purchase Plan of Charming Shoppes, Inc. may have different types based on specific terms or features. Some potential variations include: 1. Standard ESPN: This type allows employees to purchase company shares at a discounted rate, typically around 15% off the market value. Participants may have various options regarding the percentage of their salary to allocate towards stock purchases. 2. Accumulative ESPN: In this type, employees can accumulate shares gradually over a set period, such as six months or one year. The accumulated shares may be purchased at a predetermined discount rate, making it a popular choice for employees seeking long-term investment. 3. Matching ESPN: This variant may offer additional incentives to employees. In addition to the discounted stock price, the company may match a certain percentage of the employee's contributions, further amplifying the potential benefits of participation. By participating in the Contra Costa California Employee Stock Purchase Plan of Charming Shoppes, Inc., employees can not only invest in their company's success but also enjoy potential financial growth. This ESPN presents an excellent opportunity for employees to build wealth, increase their stake in the company, and align their interests with Charming Shoppes, Inc.'s overall performance.