Salt Lake Utah Employee Stock Purchase Plan of Charming Shoppes, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Employee Stock Purchase Plan is a program offered by Charming Shoppes, Inc., a well-known retail company based in Salt Lake City, Utah. This employee benefit plan allows employees of Charming Shoppes, Inc. who are located in Salt Lake Utah to purchase company stock at a discounted price. The Salt Lake Utah Employee Stock Purchase Plan is designed to provide eligible employees with an opportunity to invest in the company's success and share in its growth. By participating in this plan, employees can leverage their commitment to Charming Shoppes, Inc. and potentially boost their financial stability in the long run. The plan typically operates on a voluntary basis, allowing eligible employees to contribute a portion of their salary towards purchasing Charming Shoppes, Inc. stock at a predetermined discount. These contributions are made through regular payroll deductions, providing a convenient and hassle-free way for employees to accumulate company shares. One of the primary benefits of the Salt Lake Utah Employee Stock Purchase Plan is the discounted stock price. The plan often offers a lower price than what is available on the public market, providing employees with an immediate advantage upon purchasing company stock. Participation in the plan is subject to certain eligibility requirements and restrictions, which may vary depending on the specific terms and conditions set by Charming Shoppes, Inc. These conditions usually include a minimum length of employment and a waiting period before an employee becomes eligible to participate. Additionally, there may be specific guidelines regarding the maximum percentage of salary that can be contributed towards stock purchases. Participating employees can accumulate shares over time, with the opportunity to sell or hold the stock depending on their individual financial goals and market conditions. By investing in Charming Shoppes, Inc., employees can align their financial interests with the company's performance and potentially benefit from the growth of the organization. In summary, the Salt Lake Utah Employee Stock Purchase Plan of Charming Shoppes, Inc. is a valuable employee benefit program that allows eligible employees in Salt Lake City, Utah to purchase company stock at a discounted price. By participating in this plan, employees can invest in the success of Charming Shoppes, Inc. and potentially enhance their financial future. Keywords: Salt Lake Utah, Employee Stock Purchase Plan, Charming Shoppes, Inc., Salt Lake City, retail, company stock, discount, financial stability, voluntary, payroll deductions, eligibility requirements, waiting period, financial goals, market conditions, employee benefit program.

Salt Lake Utah Employee Stock Purchase Plan is a program offered by Charming Shoppes, Inc., a well-known retail company based in Salt Lake City, Utah. This employee benefit plan allows employees of Charming Shoppes, Inc. who are located in Salt Lake Utah to purchase company stock at a discounted price. The Salt Lake Utah Employee Stock Purchase Plan is designed to provide eligible employees with an opportunity to invest in the company's success and share in its growth. By participating in this plan, employees can leverage their commitment to Charming Shoppes, Inc. and potentially boost their financial stability in the long run. The plan typically operates on a voluntary basis, allowing eligible employees to contribute a portion of their salary towards purchasing Charming Shoppes, Inc. stock at a predetermined discount. These contributions are made through regular payroll deductions, providing a convenient and hassle-free way for employees to accumulate company shares. One of the primary benefits of the Salt Lake Utah Employee Stock Purchase Plan is the discounted stock price. The plan often offers a lower price than what is available on the public market, providing employees with an immediate advantage upon purchasing company stock. Participation in the plan is subject to certain eligibility requirements and restrictions, which may vary depending on the specific terms and conditions set by Charming Shoppes, Inc. These conditions usually include a minimum length of employment and a waiting period before an employee becomes eligible to participate. Additionally, there may be specific guidelines regarding the maximum percentage of salary that can be contributed towards stock purchases. Participating employees can accumulate shares over time, with the opportunity to sell or hold the stock depending on their individual financial goals and market conditions. By investing in Charming Shoppes, Inc., employees can align their financial interests with the company's performance and potentially benefit from the growth of the organization. In summary, the Salt Lake Utah Employee Stock Purchase Plan of Charming Shoppes, Inc. is a valuable employee benefit program that allows eligible employees in Salt Lake City, Utah to purchase company stock at a discounted price. By participating in this plan, employees can invest in the success of Charming Shoppes, Inc. and potentially enhance their financial future. Keywords: Salt Lake Utah, Employee Stock Purchase Plan, Charming Shoppes, Inc., Salt Lake City, retail, company stock, discount, financial stability, voluntary, payroll deductions, eligibility requirements, waiting period, financial goals, market conditions, employee benefit program.