Maricopa Arizona Employee Stock Purchase Plan of Charming Shoppes, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Employee Stock Purchase Plan offered by Charming Shoppes, Inc. is a valuable employee benefit program that allows employees based in Maricopa, Arizona, the opportunity to purchase company stock at discounted rates. This plan serves as a means for employees to invest in their own company and potentially benefit from its growth. The Employee Stock Purchase Plan (ESPN) is designed to encourage employees to become shareholders of Charming Shoppes, Inc. and align their interests with the company's success. By participating in this program, employees can acquire company stock regularly and benefit from potential increases in its value over time. This gives employees a sense of ownership and fosters loyalty and dedication towards the company's objectives. One notable feature of the Maricopa Arizona Employee Stock Purchase Plan is the discounted stock purchase option. Employees have the opportunity to purchase company stock at a reduced price, often at a specified percentage below the stock's market value. This discount can enhance the potential return on investment for participants, making the ESP Pan attractive employee benefit. The Maricopa Arizona Employee Stock Purchase Plan may also offer different types or variations to meet the diverse needs of employees. These variations may include eligibility requirements based on employment tenure or other factors, as well as different enrollment periods throughout the year. The plan may also outline specific conditions for the purchase or sale of stock, including holding periods or restrictions. Participating in the Maricopa Arizona Employee Stock Purchase Plan can provide employees with several advantages. First, it allows employees to actively invest in their company and potentially benefit from its growth, as well as the overall stock market performance. Second, the discounted prices allow employees to acquire stock at a more affordable rate, maximizing their potential returns. Lastly, this program promotes a sense of partnership between employees and Charming Shoppes, Inc., as they work together towards mutual success. In conclusion, the Maricopa Arizona Employee Stock Purchase Plan of Charming Shoppes, Inc. is a valuable employee benefit program that empowers employees to invest in their company's stock at discounted rates. This plan encourages employees to become shareholders, aligning their interests with the company's growth and fostering a sense of ownership. By offering various advantages and potential returns, the ESPN serves as a significant incentive for employees while strengthening the overall relationship between employees and Charming Shoppes, Inc.

The Maricopa Arizona Employee Stock Purchase Plan offered by Charming Shoppes, Inc. is a valuable employee benefit program that allows employees based in Maricopa, Arizona, the opportunity to purchase company stock at discounted rates. This plan serves as a means for employees to invest in their own company and potentially benefit from its growth. The Employee Stock Purchase Plan (ESPN) is designed to encourage employees to become shareholders of Charming Shoppes, Inc. and align their interests with the company's success. By participating in this program, employees can acquire company stock regularly and benefit from potential increases in its value over time. This gives employees a sense of ownership and fosters loyalty and dedication towards the company's objectives. One notable feature of the Maricopa Arizona Employee Stock Purchase Plan is the discounted stock purchase option. Employees have the opportunity to purchase company stock at a reduced price, often at a specified percentage below the stock's market value. This discount can enhance the potential return on investment for participants, making the ESP Pan attractive employee benefit. The Maricopa Arizona Employee Stock Purchase Plan may also offer different types or variations to meet the diverse needs of employees. These variations may include eligibility requirements based on employment tenure or other factors, as well as different enrollment periods throughout the year. The plan may also outline specific conditions for the purchase or sale of stock, including holding periods or restrictions. Participating in the Maricopa Arizona Employee Stock Purchase Plan can provide employees with several advantages. First, it allows employees to actively invest in their company and potentially benefit from its growth, as well as the overall stock market performance. Second, the discounted prices allow employees to acquire stock at a more affordable rate, maximizing their potential returns. Lastly, this program promotes a sense of partnership between employees and Charming Shoppes, Inc., as they work together towards mutual success. In conclusion, the Maricopa Arizona Employee Stock Purchase Plan of Charming Shoppes, Inc. is a valuable employee benefit program that empowers employees to invest in their company's stock at discounted rates. This plan encourages employees to become shareholders, aligning their interests with the company's growth and fostering a sense of ownership. By offering various advantages and potential returns, the ESPN serves as a significant incentive for employees while strengthening the overall relationship between employees and Charming Shoppes, Inc.