Employee Stock Purchase Plan

Description

• Elective post-tax payroll deduction
• Allows employees to purchase company stock at 85% of the fair market value at the beginning OR end of the six month period, whichever is lower
• Employee may suspend contributions at any time
• Employee may withdraw from the plan at any time

Eligibility

• All regular status employees scheduled to work 21 or more hours per week

Eligibility Date

• 30 days of employment prior to the beginning date of an ESPP offering period

Employee Contribution

• Minimum 1% of salary
• Maximum 15% of salary
• Maximum $10,625 each offering period