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%.
References in periodicals archive ?
The Bank of New York will perform all operational, recordkeeping, and administrative functions, including shareholder relations, relating to the company's stock issuance, dividend reinvestment, and employee stock purchase plan functions.
Another important event for the company was that 26 percent of all eligible employees chose to enroll in the company's newly adopted Employee Stock Purchase Plan.
Nasdaq:TCBI) has filed with the Securities and Exchange Commission a current report on Form 8-K regarding a new employee stock purchase plan to accommodate changes in tax laws, the growth of the company, and the number of employee participants.
May 6 /PRNewswire/ -- UtiliCorp United (NYSE: UCU) today announced that its shareholders have reelected two directors, approved an increase in the number of shares of authorized common stock from 50 million shares to 100 million shares, and approved the issuance of 1,000,000 shares of common stock for the company's 1986 Employee Stock Purchase Plan.
SAN DIEGO -- Ligand Pharmaceuticals Incorporated (Pink Sheets:LGND) announced today that it has filed a Form S-1 Registration Statement with the Securities and Exchange Commission for its existing employee stock plans: the employee and director stock incentive plan and the employee stock purchase plan.
approved the Employee Stock Purchase Plan, which has been in place since July 2004, but required approval to potentially comply with California state regulations.
Shareholders also approved an amendment to the Company's bylaws to set the size of the Board of Directors, and approved the 2005 Employee Stock Purchase Plan, as described in the Company's 2005 proxy.
Stockholders also approved the proposed amendments to the Company's 1999 Employee Stock Option Plan, including an increase in the number of shares reserved for issuance by 2,500,000 shares, and amendments to the Company's Employee Stock Purchase Plan, including an increase in the number of shares reserved for issuance by 2,000,000 shares.
Additionally, the stockholders approved an amendment to Borland's 1999 Employee Stock Purchase Plan which authorizes an additional 900,000 shares of common stock that may be issued under the plan.
has advised Black Box that a total of 11,987,365 shares of Norstan common stock were validly tendered in the offer and not withdrawn, not including 434,015 shares tendered pursuant to guaranteed delivery procedures and fractional shares under Norstan's employee stock purchase plan.
Participants in the Company's Employee Stock Purchase Plan or 401(k) Profit Sharing Plan will have until 5:00 P.
That can be in the form of stock options, employee stock ownership plans (ESOPs), employee stock purchase plans (ESPPs) or similar arrangements.

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