Ascena Pay Stub

• Category: Corporations - Public - Employees
• State: Multi-State
• City: Houston
• 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 As of my knowledge, there is no specific mention of a "Houston Texas Employee Stock Purchase Plan" in relation to Charming Shoppes, Inc. It is possible that there may be a misunderstanding or a specific plan that is not widely known. Therefore, I will provide a general description of an Employee Stock Purchase Plan (ESPN) and information about Charming Shoppes, Inc., in case it is relevant to your query. An Employee Stock Purchase Plan (ESPN) is a company-sponsored program that allows employees to purchase company stock at a discounted price. It serves as a benefit to employees, giving them an opportunity to own a percentage of the company that they work for. ESPN typically offer employees the ability to contribute a portion of their salary towards the purchase of company stock through payroll deductions. Now, let's shift our focus to Charming Shoppes, Inc., which was a specialty retailer based in Bensalem, Pennsylvania, United States. The company was primarily known for its women's plus-size apparel brand, Lane Bryant, and operated other brands such as Catherine's, Fashion Bug, and Lane Bryant Outlet. However, it's important to note that Charming Shoppes, Inc. was acquired by Ascent Retail Group in 2012. Ascent Retail Group subsequently announced the closure of all Fashion Bug stores in 2013 and rebranded Charming Shoppes' remaining brands under the umbrella of Ascent subsidiaries. Although the company doesn't seem to have a specific "Houston Texas Employee Stock Purchase Plan" as per available information, it is advised to reach out to Charming Shoppes, Inc.'s former parent company, Ascent Retail Group, or any relevant regulatory authority for more specific details about their stock purchase plans or programs. Please note that this information might be subject to change over time, so it's crucial to verify the most up-to-date details from official sources.

As of my knowledge, there is no specific mention of a "Houston Texas Employee Stock Purchase Plan" in relation to Charming Shoppes, Inc. It is possible that there may be a misunderstanding or a specific plan that is not widely known. Therefore, I will provide a general description of an Employee Stock Purchase Plan (ESPN) and information about Charming Shoppes, Inc., in case it is relevant to your query. An Employee Stock Purchase Plan (ESPN) is a company-sponsored program that allows employees to purchase company stock at a discounted price. It serves as a benefit to employees, giving them an opportunity to own a percentage of the company that they work for. ESPN typically offer employees the ability to contribute a portion of their salary towards the purchase of company stock through payroll deductions. Now, let's shift our focus to Charming Shoppes, Inc., which was a specialty retailer based in Bensalem, Pennsylvania, United States. The company was primarily known for its women's plus-size apparel brand, Lane Bryant, and operated other brands such as Catherine's, Fashion Bug, and Lane Bryant Outlet. However, it's important to note that Charming Shoppes, Inc. was acquired by Ascent Retail Group in 2012. Ascent Retail Group subsequently announced the closure of all Fashion Bug stores in 2013 and rebranded Charming Shoppes' remaining brands under the umbrella of Ascent subsidiaries. Although the company doesn't seem to have a specific "Houston Texas Employee Stock Purchase Plan" as per available information, it is advised to reach out to Charming Shoppes, Inc.'s former parent company, Ascent Retail Group, or any relevant regulatory authority for more specific details about their stock purchase plans or programs. Please note that this information might be subject to change over time, so it's crucial to verify the most up-to-date details from official sources.