USA Employee Stock Purchase Plan (payroll deduction based)

Create a payroll-deduction based Employee Stock Purchase Plan with this template for a USA company.

• Employees are given the opportunity to acquire a proprietary interest in the company by purchasing shares through automatic payroll deductions.
• Shares will be offered for sale under the Plan during a series of successive offering periods.
• The employee may reduce or increase the amount of payroll deduction at certain times.
• The employee will be granted a separate purchase right for each offering period, which will be automatically exercised in installments on each successive purchase date within the offering period.
• The employee may terminate outstanding purchase rights at any time prior to the next scheduled purchase date.
• Shares may not be transferred until they have been held at least one year.

This USA Employee Stock Purchase Plan (payroll deduction based) is provided in MS Word format, and is fully editable to meet your needs.