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Employee Stock Purchase Plan |
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Employee Stock Purchase Plan (ESPP) A plan usually linked to a corporation's payroll deduction system allowing employees to purchase shares at a discount from current market value. Employee Stock Purchase Plan An employee benefit that some firms offer allowing employees to use payroll deductions to buy shares in the firm at a discount from their fair market value. The firm offers this to employees at certain times; those who participate in the program allow the payroll deductions to accumulate for a certain number of pay periods. At the end of the period the firm uses the funds to purchase the number of shares worth that amount. The percentage discount varies from firm to firm, but can be as much as 15 percent. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The company will also require time-off from workers and cut employee stock purchase plan benefits. 8 million in profit sharing and 401(k) contributions, millions of dollars in merchandise discounts, and contributions to its employee stock purchase plan. As to the payroll program, the Supreme Judicial Court held that it was a bona fide employee stock purchase plan and thus, by statute, expressly excluded from the Payment of Wages Statute. |
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