Username: Fluffy Rating: Asked to: Dara Madee Date Created: 20 Aug 2015 |
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Category | 28 |
Tag | Forex |
Question | What is employee stock purchase plan? |
Hi Fluffy, A company-run program in which participating employees can purchase company shares at a discounted price. Employees contribute to the plan through payroll deductions, which build up between the offering date and the purchase date. At the purchase date, the company uses the accumulated funds to purchase shares in the company on behalf of the participating employees. The amount of the discount depends on the specific plan but can be as much as 15% lower than the market price. |
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