Fulton Georgia Amended and Restated Employee Stock Purchase Plan

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Fulton
• Control #: US-CC-19-179
• Format: Word; Rich Text

Description

19-179 19-179 . . . Employee Stock Purchase Plan under which each employee of corporation and its wholly-owned direct or indirect, domestic and foreign subsidiaries that have authorized participation in Plan (Participating Company) can contribute up to 15% of earnings through payroll deductions and Participating Company contributes a cash amount equal to 5% of participant's payroll deductions for first year of participation, additional 7% for second year, additional 10% for third year, additional 13% for fourth year and additional 15% for fifth year. Custodian of plan purchases shares of common stock on open market or from corporation at current market prices, using payroll deductions and applicable matching Company contributions The Fulton Georgia Amended and Restated Employee Stock Purchase Plan is a comprehensive stock purchase program offered by Fulton Georgia to its employees. This plan allows eligible employees to purchase company stocks within specific periods at a discounted price, encouraging long-term participation and ownership. Under the Fulton Georgia Amended and Restated Employee Stock Purchase Plan, employees have the opportunity to allocate a portion of their earnings towards purchasing company stocks. This plan offers several benefits, including tax advantages and the ability to invest in the success of the organization. There are two main types of Fulton Georgia Amended and Restated Employee Stock Purchase Plans: 1. Non-Qualified Stock Purchase Plan: This plan is available to all Fulton Georgia employees and grants them the opportunity to buy company stocks through payroll deductions. It allows employees to purchase shares at a discount, typically below the market price, making it a cost-effective way to acquire ownership. 2. Incentive Stock Purchase Plan (ISO): This plan is specifically designed for key employees and provides additional tax advantages. Qualified participants can purchase company stocks at a discounted price, and if they hold the shares for a specified period, any gains are usually subject to favorable capital gains tax rates upon sale. Both types of the Fulton Georgia Amended and Restated Employee Stock Purchase Plan aim to foster a sense of ownership and participation among employees. Such plans contribute to employee engagement, provide an opportunity for financial growth, and align employee interests with the success of Fulton Georgia. By investing in the company's stocks, employees become stakeholders, creating a mutually beneficial relationship between the organization and its workforce.

The Fulton Georgia Amended and Restated Employee Stock Purchase Plan is a comprehensive stock purchase program offered by Fulton Georgia to its employees. This plan allows eligible employees to purchase company stocks within specific periods at a discounted price, encouraging long-term participation and ownership. Under the Fulton Georgia Amended and Restated Employee Stock Purchase Plan, employees have the opportunity to allocate a portion of their earnings towards purchasing company stocks. This plan offers several benefits, including tax advantages and the ability to invest in the success of the organization. There are two main types of Fulton Georgia Amended and Restated Employee Stock Purchase Plans: 1. Non-Qualified Stock Purchase Plan: This plan is available to all Fulton Georgia employees and grants them the opportunity to buy company stocks through payroll deductions. It allows employees to purchase shares at a discount, typically below the market price, making it a cost-effective way to acquire ownership. 2. Incentive Stock Purchase Plan (ISO): This plan is specifically designed for key employees and provides additional tax advantages. Qualified participants can purchase company stocks at a discounted price, and if they hold the shares for a specified period, any gains are usually subject to favorable capital gains tax rates upon sale. Both types of the Fulton Georgia Amended and Restated Employee Stock Purchase Plan aim to foster a sense of ownership and participation among employees. Such plans contribute to employee engagement, provide an opportunity for financial growth, and align employee interests with the success of Fulton Georgia. By investing in the company's stocks, employees become stakeholders, creating a mutually beneficial relationship between the organization and its workforce.