Alameda California Employee Stock Purchase Plan of Rally Manufacturing Corp.

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Alameda
• Control #: US-CC-19-129
• Format: Word; Rich Text

Description

19-129 19-129 . . . Employee Stock Purchase Plan under which each eligible employee can contribute between 1% and 6% of his or her basic compensation through payroll deductions and, on last day of each Purchase Period, amount withheld is used to purchase shares of common stock (not to exceed 1,000 shares during any Purchase Period) at 85% of lesser of fair market value of a share of common stock on either grant date or exercise date, but not less than par value The Alameda California Employee Stock Purchase Plan (ESPN) of Rally Manufacturing Corp. is a program that allows eligible employees to purchase company stock at a discounted price. This plan is designed to encourage employee ownership and reward loyalty and performance. Rally Manufacturing Corp., headquartered in Alameda, California, is a leading manufacturer in the automotive industry that specializes in producing high-quality automotive parts and accessories. As part of its commitment to its employees, the company offers various types of ESPN to meet different needs. 1. Standard ESPN: This is the basic type of ESPN offered by Rally Manufacturing Corp. It allows eligible employees to set aside a portion of their pre-tax earnings to purchase company stock at a discounted price. The discount rate varies, but it is typically around 15% off the market price. 2. Qualified ESPN: This type of ESPN meets certain criteria set forth by the Internal Revenue Service (IRS). It provides employees with additional tax benefits, such as favorable capital gains treatment on the sale of the stock. To qualify, the plan must adhere to specific guidelines and limitations outlined by the IRS. 3. Non-qualified ESPN: This type of ESPN does not meet the requirements of a qualified ESPN and therefore does not offer the same tax advantages. However, it still allows employees to purchase company stock at a discounted price, making it a valuable investment opportunity. 4. Restricted Stock Units (RSS): In addition to ESPN, Rally Manufacturing Corp. also offers RSS as part of its employee compensation package. RSS are grants of company stock that vest over a certain period of time or upon achieving specific performance goals. This provides employees with a sense of ownership in the company and aligns their interests with the long-term success of Rally Manufacturing Corp. The Alameda California Employee Stock Purchase Plan of Rally Manufacturing Corp. serves as an attractive benefit for employees, offering them the opportunity to invest in the company's success and potentially benefit from its growth. It not only fosters a sense of ownership and loyalty among employees but also allows them to participate in the financial performance of Rally Manufacturing Corp.

The Alameda California Employee Stock Purchase Plan (ESPN) of Rally Manufacturing Corp. is a program that allows eligible employees to purchase company stock at a discounted price. This plan is designed to encourage employee ownership and reward loyalty and performance. Rally Manufacturing Corp., headquartered in Alameda, California, is a leading manufacturer in the automotive industry that specializes in producing high-quality automotive parts and accessories. As part of its commitment to its employees, the company offers various types of ESPN to meet different needs. 1. Standard ESPN: This is the basic type of ESPN offered by Rally Manufacturing Corp. It allows eligible employees to set aside a portion of their pre-tax earnings to purchase company stock at a discounted price. The discount rate varies, but it is typically around 15% off the market price. 2. Qualified ESPN: This type of ESPN meets certain criteria set forth by the Internal Revenue Service (IRS). It provides employees with additional tax benefits, such as favorable capital gains treatment on the sale of the stock. To qualify, the plan must adhere to specific guidelines and limitations outlined by the IRS. 3. Non-qualified ESPN: This type of ESPN does not meet the requirements of a qualified ESPN and therefore does not offer the same tax advantages. However, it still allows employees to purchase company stock at a discounted price, making it a valuable investment opportunity. 4. Restricted Stock Units (RSS): In addition to ESPN, Rally Manufacturing Corp. also offers RSS as part of its employee compensation package. RSS are grants of company stock that vest over a certain period of time or upon achieving specific performance goals. This provides employees with a sense of ownership in the company and aligns their interests with the long-term success of Rally Manufacturing Corp. The Alameda California Employee Stock Purchase Plan of Rally Manufacturing Corp. serves as an attractive benefit for employees, offering them the opportunity to invest in the company's success and potentially benefit from its growth. It not only fosters a sense of ownership and loyalty among employees but also allows them to participate in the financial performance of Rally Manufacturing Corp.