Pima Arizona Employee Stock Purchase Plan of Rally Manufacturing Corp.

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Pima
• 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 Lima Arizona Employee Stock Purchase Plan (ESPN) of Rally Manufacturing Corp. is a unique employee benefit program offered by the company. This plan is designed to provide eligible employees with an opportunity to purchase company stock at a discounted price, thereby encouraging employees to become shareholders and align their interests with the company's overall success. The Lima Arizona ESPN aims to attract, motivate, and retain a talented workforce by giving employees the chance to invest in the company's future growth while reaping potential financial benefits. The plan is part of Rally Manufacturing Corp's commitment to fostering a sense of ownership and engagement among its workforce. There are two main types of Lima Arizona ESPN offered by Rally Manufacturing Corp: 1. Traditional ESPN: This type of plan allows participants to contribute a portion of their compensation, usually via regular payroll deductions, to purchase company stock at a discounted price. The discount is typically a percentage below the current market value, providing employees with an immediate potential gain on their investment. The traditional ESPN often operates on a specific purchase period known as an "offer period." 2. Look back ESPN: In this type of plan, the purchase price is determined based on the stock price at the beginning or end of the offering period, whichever is lower. This feature allows employees to benefit from any significant stock price increase during the offering period. The look back provision encourages employees to participate in the ESPN, as it offers a greater potential discount and potential for higher returns. Participants in the Lima Arizona ESPN can typically contribute a percentage of their salary, subject to certain limits defined by the plan. The contributions are accumulated over a set period, such as six months, and then used to purchase Rally Manufacturing Corp. stock at the discounted price determined by the plan type. It is important to note that the availability of the Lima Arizona ESPN and its features may vary among different companies and locations. Thus, employees of Rally Manufacturing Corp. in Lima, Arizona, should consult the detailed plan documents and guidelines provided by the company to ascertain the specific rules, guidelines, and any additional benefits offered under their ESPN. By offering the Lima Arizona ESPN, Rally Manufacturing Corp. aims to foster employee loyalty, increase employee engagement, and create a stronger sense of ownership within the organization. This program can be a valuable tool for both the company and its employees, aligning their financial interests in long-term success.

The Lima Arizona Employee Stock Purchase Plan (ESPN) of Rally Manufacturing Corp. is a unique employee benefit program offered by the company. This plan is designed to provide eligible employees with an opportunity to purchase company stock at a discounted price, thereby encouraging employees to become shareholders and align their interests with the company's overall success. The Lima Arizona ESPN aims to attract, motivate, and retain a talented workforce by giving employees the chance to invest in the company's future growth while reaping potential financial benefits. The plan is part of Rally Manufacturing Corp's commitment to fostering a sense of ownership and engagement among its workforce. There are two main types of Lima Arizona ESPN offered by Rally Manufacturing Corp: 1. Traditional ESPN: This type of plan allows participants to contribute a portion of their compensation, usually via regular payroll deductions, to purchase company stock at a discounted price. The discount is typically a percentage below the current market value, providing employees with an immediate potential gain on their investment. The traditional ESPN often operates on a specific purchase period known as an "offer period." 2. Look back ESPN: In this type of plan, the purchase price is determined based on the stock price at the beginning or end of the offering period, whichever is lower. This feature allows employees to benefit from any significant stock price increase during the offering period. The look back provision encourages employees to participate in the ESPN, as it offers a greater potential discount and potential for higher returns. Participants in the Lima Arizona ESPN can typically contribute a percentage of their salary, subject to certain limits defined by the plan. The contributions are accumulated over a set period, such as six months, and then used to purchase Rally Manufacturing Corp. stock at the discounted price determined by the plan type. It is important to note that the availability of the Lima Arizona ESPN and its features may vary among different companies and locations. Thus, employees of Rally Manufacturing Corp. in Lima, Arizona, should consult the detailed plan documents and guidelines provided by the company to ascertain the specific rules, guidelines, and any additional benefits offered under their ESPN. By offering the Lima Arizona ESPN, Rally Manufacturing Corp. aims to foster employee loyalty, increase employee engagement, and create a stronger sense of ownership within the organization. This program can be a valuable tool for both the company and its employees, aligning their financial interests in long-term success.