Hello,
I recently joined a big american software company and they are offering ESPP. I'm not super smart when it comes to saving money, I live in France but I just save on my main bank account and don't touch anything, this would be interesting for me (I think) because it's taken directly from my paychek. But I'd like your advice.
Here are the conditions :
Hi Baneparis,
We are pleased to share that XXX Employee Stock Purchase Plan (ESPP) enrollment is now open! You are eligible to enroll in the January 1, 2019 offering period. Through convenient payroll deductions, ESPP gives employees the opportunity to invest in XXX by purchasing shares of XXX stock at a discount.
XXX ESPP has 24-month “offering periods” that begin on January 1 and July 1. Each offering period includes four 6-month “purchase periods.” After enrolling in the January 1, 2019 offering, your maximum purchase price will be locked-in for your 24-month offering period.
At the end of each 6-month purchase period, on June 30 and December 31, shares of XXX stock will be automatically purchased on your behalf using your accrued payroll contributions after the close of the market. Your discounted purchase price will be the lower of your lock-in price or the closing stock price on the purchase date, minus 15%.
You may contribute between 1% and 25% of your eligible compensation to the ESPP, up to the annual limit. You may decrease your contribution percentage, suspend your contributions, or withdraw at any time subject to plan requirements. However, you may only increase your contribution percentage during the enrollment window. Please note that increasing your contribution percentage will move you to a new offering period and result in a new lock-price.
The first paycheck deduction will occur in January. If you are not based in North America and enroll in ESPP, your existing payroll provider will take the contribution deduction from your paycheck until you transition to XXX payroll in early 2019.
Submitted December 04, 2018 at 08:27AM by baneparis https://ift.tt/2QyZGdU
