Missouri Amended and Restated Employee Stock Purchase Plan

State:
Multi-State
Control #:
US-CC-19-179
Format:
Word; 
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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 Missouri Amended and Restated Employee Stock Purchase Plan is a comprehensive program established by companies operating in Missouri to provide their employees with the opportunity to purchase company stock at a discounted price. This plan aims to incentivize employees to become more invested in the success of the company and align their interests with those of the shareholders. Under this plan, eligible employees have the option to contribute a portion of their salary, typically up to a certain percentage, to acquire company shares. The contributions are made through regular payroll deductions, allowing employees to accumulate funds gradually over time. These accumulated funds are then used to purchase company stock at a predetermined discounted price, providing employees with an attractive investment opportunity. Employees participating in the Missouri Amended and Restated Employee Stock Purchase Plan can choose to enroll during specific enrollment periods, typically held annually. The plan offers flexibility by allowing employees to increase or decrease their contributions, up to certain defined limits, during subsequent offering periods. This employee stock purchase plan may offer additional benefits to participants, such as tax advantages. The plan is bound by specific regulations and guidelines set forth by both the state of Missouri and the U.S. Securities and Exchange Commission (SEC), ensuring fairness, transparency, and compliance with legal requirements. Different variations or types of the Missouri Amended and Restated Employee Stock Purchase Plan may exist, depending on the company implementing the program. Some companies may offer different contribution limits, discount rates, or specific vesting periods, which determine when employees can sell or transfer their purchased shares. In conclusion, the Missouri Amended and Restated Employee Stock Purchase Plan is a valuable opportunity for eligible employees in Missouri to invest in their company's stock at a discounted price. By participating in this plan, employees have a chance to grow their investment portfolio and align their financial interests with the success of the organization.

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FAQ

Partial refunds of excess contributions If your company stock price has dropped, depending on how much you have contributed to your ESPP, it is more likely that you will hit this limit. You may then receive a refund of your accumulated contributions in excess of this amount.

An employee stock purchase plan (or ESPP) can be a very valuable benefit. In general, if your employer offers an ESPP, we think you should participate at the level you can comfortably afford and then sell the shares as soon as you can.

In an ESPP with a reset feature, the look-back purchase price will "reset" if the stock price at a future purchase date is lower than the stock price on the first day of the offering period. On the date that a reset feature is triggered, the terms of the award have been modified.

If you leave your company while enrolled in their employee stock purchase program, your eligibility for the plan ends, but you will continue to own the stock the company purchased for you during employment. The company will no longer purchase shares on your behalf after your termination date.

If you are risk-averse, you might consider selling your ESPP shares right away so you don't have overexposure in one stock, particularly that of your own employer. ESPP shares can put you in an overexposed position. If the stock value goes down, you may suffer losses and in extreme cases, even lose your job.

You may withdraw from the ESPP by notifying Fidelity and completing a withdrawal election. When you withdraw, all of the contributions accumulated in your account will be returned to you as soon as administratively possible and you will not be able to make any further contributions during that offering period.

ESPP lookback allows you to buy shares at a lower price point. An ESPP lookback allows you to purchase the share price of either A: the enrollment date (1 Jan) or B: the purchase date (30 Jun), whichever is lower.

Qualifying disposition: You sold the stock at least two years after the offering (grant date) and at least one year after the exercise (purchase date). If so, a portion of the profit (the ?bargain element?) is considered compensation income (taxed at regular rates) on your Form 1040.

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1. Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock through ... The Plan is an amendment, restatement and continuation of the Company's 2003 Employee Stock Purchase Plan. ... purchase shares, an employee must complete and ...Application for an Amended Registration of a Foreign Limited Partnership in Missouri (LP 22) ... The link below will direct you to the Securities registration ... Sep 16, 2022 — 2000 Employee Stock Purchase Plan as amended and restated (the "Plan"). ... Par cipants should refer to the Plan document for a more complete. (a) An eligible Employee may become a participant in the Plan by completing a subscription agreement on the form provided by the Company and filing it with the ... 2000 Employee Stock Purchase Plan as amended and restated (the "Plan"). The Plan is designed to encourage and assist employees of the subsidiaries of H&R Block, ... 1 to the Registration Statement on Form S-1 (File No. 333-115253) is being filed solely to file additional exhibits for which we have requested confidential ... Employee Stock Purchase Plan, as amended and restated as of January 1,. 2009 (the “ESPP”). The ESPP replaces the 1997 Plan. Both the 1997 Plan and the ESPP ... The Company's Discount Stock Plan, as amended and restated on November 9, 2021. ... This Plan is intended to qualify as an “Employee Stock Purchase Plan” under ... Investment Plan effective March 1, 1983. The Plan has been amended subsequently, and amended and restated at various times. Comcast Corporation amended ...

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Missouri Amended and Restated Employee Stock Purchase Plan