Riverside California Employee Stock Purchase Plan of Charming Shoppes, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Riverside
• 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 Riverside California Employee Stock Purchase Plan of Charming Shoppes, Inc. is a benefit offered to employees of the company residing in the Riverside, California area. This plan allows employees to purchase company stock at a discounted price, fostering a sense of ownership and providing a unique investment opportunity. One type of Riverside California Employee Stock Purchase Plan offered by Charming Shoppes, Inc. is the Traditional Employee Stock Purchase Plan. Under this plan, eligible employees can contribute a portion of their paycheck to purchase company stock regularly at a discounted price. This long-term investment option enables employees to accumulate company stock over time and potentially benefit from future stock price appreciation. Another type of Riverside California Employee Stock Purchase Plan administered by Charming Shoppes, Inc. is the Lump-Sum Purchase Plan. This plan allows employees to make a one-time investment to purchase company stock at a discounted rate. This option may appeal to employees who have a lump sum of capital available and want to take advantage of the discounted purchase opportunity. Participating in the Riverside California Employee Stock Purchase Plan not only allows employees to potentially benefit from the growth of Charming Shoppes, Inc., but it also encourages a sense of pride and engagement among the workforce. By investing in the company they work for, employees gain a vested interest in the company's success, fostering a positive work environment and potentially increasing their motivation to contribute to Charming Shoppes' overall growth. In summary, the Riverside California Employee Stock Purchase Plan of Charming Shoppes, Inc. offers employees in the Riverside, California area an opportunity to purchase company stock at a discounted price. With options like the Traditional Employee Stock Purchase Plan and the Lump-Sum Purchase Plan, employees have flexible methods to accumulate company stock and potentially benefit from its growth. This employee benefit not only serves as an investment opportunity but also nurtures employee engagement and motivation.

The Riverside California Employee Stock Purchase Plan of Charming Shoppes, Inc. is a benefit offered to employees of the company residing in the Riverside, California area. This plan allows employees to purchase company stock at a discounted price, fostering a sense of ownership and providing a unique investment opportunity. One type of Riverside California Employee Stock Purchase Plan offered by Charming Shoppes, Inc. is the Traditional Employee Stock Purchase Plan. Under this plan, eligible employees can contribute a portion of their paycheck to purchase company stock regularly at a discounted price. This long-term investment option enables employees to accumulate company stock over time and potentially benefit from future stock price appreciation. Another type of Riverside California Employee Stock Purchase Plan administered by Charming Shoppes, Inc. is the Lump-Sum Purchase Plan. This plan allows employees to make a one-time investment to purchase company stock at a discounted rate. This option may appeal to employees who have a lump sum of capital available and want to take advantage of the discounted purchase opportunity. Participating in the Riverside California Employee Stock Purchase Plan not only allows employees to potentially benefit from the growth of Charming Shoppes, Inc., but it also encourages a sense of pride and engagement among the workforce. By investing in the company they work for, employees gain a vested interest in the company's success, fostering a positive work environment and potentially increasing their motivation to contribute to Charming Shoppes' overall growth. In summary, the Riverside California Employee Stock Purchase Plan of Charming Shoppes, Inc. offers employees in the Riverside, California area an opportunity to purchase company stock at a discounted price. With options like the Traditional Employee Stock Purchase Plan and the Lump-Sum Purchase Plan, employees have flexible methods to accumulate company stock and potentially benefit from its growth. This employee benefit not only serves as an investment opportunity but also nurtures employee engagement and motivation.