Tarrant Texas Employee Stock Purchase Plan of Charming Shoppes, Inc.

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Tarrant
• 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 Tarrant Texas Employee Stock Purchase Plan is a unique offering by Charming Shoppes, Inc., a well-known retail company headquartered in Tarrant, Texas. This plan allows employees of Charming Shoppes in Tarrant, Texas, to invest in the company's stock, fostering a sense of ownership and financial growth for its workforce. The Tarrant Texas Employee Stock Purchase Plan offers Charming Shoppes employees in Tarrant, Texas, the opportunity to purchase company stock at a discounted price through regular payroll deductions. By participating in this plan, employees can not only secure a stake in the company they work for but also potentially benefit from the growth and success of Charming Shoppes, Inc. Key Features of the Tarrant Texas Employee Stock Purchase Plan: 1. Discounted Stock Price: The plan offers employees the opportunity to buy Charming Shoppes stock at a reduced price, which can provide a significant financial advantage. 2. Payroll Deductions: Employees can conveniently contribute to the plan through regular payroll deductions, making it an easy and hassle-free investment option. 3. Ownership Stake: By participating in the plan, employees in Tarrant, Texas, can become shareholders of Charming Shoppes, Inc., giving them a sense of ownership and alignment with the company's goals. 4. Financial Growth Potential: If the value of the purchased stock increases over time, employees can potentially earn profits when they decide to sell it. 5. Long-Term Investment: The Tarrant Texas Employee Stock Purchase Plan encourages a long-term investment approach, allowing employees to accumulate wealth with the growth of the company. It's important to note that while this description focuses on the Tarrant Texas Employee Stock Purchase Plan, Charming Shoppes, Inc., might offer similar plans tailored to employees in other locations. To fully understand the specifics of any other plans, it is recommended to review the details provided by Charming Shoppes, Inc. or consult the company's HR department.

Tarrant Texas Employee Stock Purchase Plan is a unique offering by Charming Shoppes, Inc., a well-known retail company headquartered in Tarrant, Texas. This plan allows employees of Charming Shoppes in Tarrant, Texas, to invest in the company's stock, fostering a sense of ownership and financial growth for its workforce. The Tarrant Texas Employee Stock Purchase Plan offers Charming Shoppes employees in Tarrant, Texas, the opportunity to purchase company stock at a discounted price through regular payroll deductions. By participating in this plan, employees can not only secure a stake in the company they work for but also potentially benefit from the growth and success of Charming Shoppes, Inc. Key Features of the Tarrant Texas Employee Stock Purchase Plan: 1. Discounted Stock Price: The plan offers employees the opportunity to buy Charming Shoppes stock at a reduced price, which can provide a significant financial advantage. 2. Payroll Deductions: Employees can conveniently contribute to the plan through regular payroll deductions, making it an easy and hassle-free investment option. 3. Ownership Stake: By participating in the plan, employees in Tarrant, Texas, can become shareholders of Charming Shoppes, Inc., giving them a sense of ownership and alignment with the company's goals. 4. Financial Growth Potential: If the value of the purchased stock increases over time, employees can potentially earn profits when they decide to sell it. 5. Long-Term Investment: The Tarrant Texas Employee Stock Purchase Plan encourages a long-term investment approach, allowing employees to accumulate wealth with the growth of the company. It's important to note that while this description focuses on the Tarrant Texas Employee Stock Purchase Plan, Charming Shoppes, Inc., might offer similar plans tailored to employees in other locations. To fully understand the specifics of any other plans, it is recommended to review the details provided by Charming Shoppes, Inc. or consult the company's HR department.