Dallas Texas Employee Stock Purchase Plan of Charming Shoppes, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Dallas
• 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 The Dallas, Texas Employee Stock Purchase Plan (ESPN) of Charming Shoppes, Inc., offers employees in the Dallas area an opportunity to invest in company stock at a discounted price. Established by Charming Shoppes, Inc., a leading specialty apparel retailer, the program allows employees to purchase company stock through payroll deductions with the aim of building long-term wealth and fostering a sense of ownership and loyalty. Through the Dallas Texas ESPN, employees can contribute a percentage of their salary to buy company shares at a reduced price, typically at 15% lower than the market value. These contributions are accumulated over a set period, such as six months, and then used to purchase shares on predetermined dates known as enrollment periods. By participating in the program, employees can potentially benefit from the future growth of Charming Shoppes, Inc. and the rising value of the company's stock. The Dallas Texas ESPN may also have some variations or additional options depending on the specific terms established by Charming Shoppes, Inc. For instance, some ESPN may offer a "Look back" provision, which allows employees to purchase stock based on the lowest of either the market price at the beginning or end of the offering period. This provision can maximize potential gains for employees who join the plan early in the offering period when the stock price is lower. Participating in the Dallas Texas ESPN can have several advantages. Firstly, employees have the opportunity to invest in their own company, aligning their financial interests with Charming Shoppes, Inc.'s success. Secondly, the program allows employees to buy company stock at a discounted price, accumulating value that can potentially outperform traditional savings or investment accounts. Lastly, the ESPN encourages long-term commitment and loyalty among employees, as they become more invested in the company's performance and feel like valued stakeholders. In summary, the Dallas Texas Employee Stock Purchase Plan of Charming Shoppes, Inc., provides a valuable opportunity for employees to invest in company stock at a discounted price, potentially yielding significant financial gains. By actively participating in the plan, employees can demonstrate their commitment to the success of Charming Shoppes, Inc. and benefit from the growth potential of their own organization.

The Dallas, Texas Employee Stock Purchase Plan (ESPN) of Charming Shoppes, Inc., offers employees in the Dallas area an opportunity to invest in company stock at a discounted price. Established by Charming Shoppes, Inc., a leading specialty apparel retailer, the program allows employees to purchase company stock through payroll deductions with the aim of building long-term wealth and fostering a sense of ownership and loyalty. Through the Dallas Texas ESPN, employees can contribute a percentage of their salary to buy company shares at a reduced price, typically at 15% lower than the market value. These contributions are accumulated over a set period, such as six months, and then used to purchase shares on predetermined dates known as enrollment periods. By participating in the program, employees can potentially benefit from the future growth of Charming Shoppes, Inc. and the rising value of the company's stock. The Dallas Texas ESPN may also have some variations or additional options depending on the specific terms established by Charming Shoppes, Inc. For instance, some ESPN may offer a "Look back" provision, which allows employees to purchase stock based on the lowest of either the market price at the beginning or end of the offering period. This provision can maximize potential gains for employees who join the plan early in the offering period when the stock price is lower. Participating in the Dallas Texas ESPN can have several advantages. Firstly, employees have the opportunity to invest in their own company, aligning their financial interests with Charming Shoppes, Inc.'s success. Secondly, the program allows employees to buy company stock at a discounted price, accumulating value that can potentially outperform traditional savings or investment accounts. Lastly, the ESPN encourages long-term commitment and loyalty among employees, as they become more invested in the company's performance and feel like valued stakeholders. In summary, the Dallas Texas Employee Stock Purchase Plan of Charming Shoppes, Inc., provides a valuable opportunity for employees to invest in company stock at a discounted price, potentially yielding significant financial gains. By actively participating in the plan, employees can demonstrate their commitment to the success of Charming Shoppes, Inc. and benefit from the growth potential of their own organization.