San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• City: San Jose
• 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 San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc. is a program offered to employees of Charming Shoppes, Inc., a retail company based in San Jose, California. This plan allows eligible employees to purchase company stock at a discounted price, fostering employee investment and ownership in the company. One type of San Jose California Employee Stock Purchase Plan offered by Charming Shoppes, Inc. is the Standard Employee Stock Purchase Plan. This plan provides employees with the opportunity to purchase company stock through automatic payroll deductions. Employees can contribute a percentage of their salary towards the purchase of shares, which are typically bought at a discounted price. Another type of San Jose California Employee Stock Purchase Plan is the Qualified Employee Stock Purchase Plan. This plan meets specific criteria outlined by the Internal Revenue Service (IRS), offering potential tax advantages to employees. Similar to the Standard Plan, employees contribute a percentage of their salary to purchase company stock at a discounted price through payroll deductions. The San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc. is designed to encourage employee participation in company growth, aligning their interests with those of the company and its shareholders. By offering a discounted stock purchase option, employees have the opportunity to build long-term wealth and potentially benefit from the success of the company. Participating in the San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc. can be a wise financial decision for employees looking to diversify their investment portfolio and share in the company's success. It provides a unique avenue for employees to potentially build wealth and actively contribute to the company's growth. To summarize, the San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc. is a beneficial program offered to eligible employees that allows them to purchase company stock at a discounted price. With options like the Standard and Qualified plans, employees have the opportunity to invest in the company's future and potentially reap financial rewards.

The San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc. is a program offered to employees of Charming Shoppes, Inc., a retail company based in San Jose, California. This plan allows eligible employees to purchase company stock at a discounted price, fostering employee investment and ownership in the company. One type of San Jose California Employee Stock Purchase Plan offered by Charming Shoppes, Inc. is the Standard Employee Stock Purchase Plan. This plan provides employees with the opportunity to purchase company stock through automatic payroll deductions. Employees can contribute a percentage of their salary towards the purchase of shares, which are typically bought at a discounted price. Another type of San Jose California Employee Stock Purchase Plan is the Qualified Employee Stock Purchase Plan. This plan meets specific criteria outlined by the Internal Revenue Service (IRS), offering potential tax advantages to employees. Similar to the Standard Plan, employees contribute a percentage of their salary to purchase company stock at a discounted price through payroll deductions. The San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc. is designed to encourage employee participation in company growth, aligning their interests with those of the company and its shareholders. By offering a discounted stock purchase option, employees have the opportunity to build long-term wealth and potentially benefit from the success of the company. Participating in the San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc. can be a wise financial decision for employees looking to diversify their investment portfolio and share in the company's success. It provides a unique avenue for employees to potentially build wealth and actively contribute to the company's growth. To summarize, the San Jose California Employee Stock Purchase Plan of Charming Shoppes, Inc. is a beneficial program offered to eligible employees that allows them to purchase company stock at a discounted price. With options like the Standard and Qualified plans, employees have the opportunity to invest in the company's future and potentially reap financial rewards.