GVHR » Topics » Employee Stock Purchase Plan (ESPP)

These excerpts taken from the GVHR 10-K filed Apr 30, 2009.

Employee Stock Purchase Plan (ESPP)

 

Internal employees who regularly work more than 20 hours per week and are employed by us for at least 90 days prior to the offering period are eligible to participate in our shareholder-approved ESPP. Participants, through payroll deduction, may purchase a maximum of 500 shares during each semi-annual offering period at a cost of 85% of the lower of the stock price as of the beginning or ending of the offering period, subject to an annual limitation of $25,000.  Our named executive officers are eligible to participate in the ESPP; however, no named executive officer participated in the ESPP during 2008.  Pending the close of the Merger with TriNet, the Company has suspended all payroll deduction authorizations for pay dates occurring on or after March 4, 2009 and no new offering periods will begin under the ESPP after such date.  In connection with the Merger, each option to purchase shares of our common stock shall be automatically exercised and the holder thereof shall have a right to receive $4.00 per share merger consideration, without interest less any applicable taxes.

 

Employee Stock Purchase Plan
(ESPP)



 



Internal employees who
regularly work more than 20 hours per week and are employed by us for at
least 90 days prior to the offering period are eligible to participate in
our shareholder-approved ESPP. Participants, through payroll deduction, may
purchase a maximum of 500 shares during each semi-annual offering period at a
cost of 85% of the lower of the stock price as of the beginning or ending of
the offering period, subject to an annual limitation of $25,000.  Our named executive officers are eligible to
participate in the ESPP; however, no named executive officer participated in
the ESPP during 2008.  Pending the close
of the Merger with TriNet, the Company has suspended all payroll deduction
authorizations for pay dates occurring on or after March 4, 2009 and no
new offering periods will begin under the ESPP after such date.  In connection with the Merger, each option to
purchase shares of our common stock shall be automatically exercised and the
holder thereof shall have a right to receive $4.00 per share merger
consideration, without interest less any applicable taxes.



 



These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Employee Stock Purchase Plan (“ESPP”)

 

The Company has a shareholder approved ESPP. Internal employees of the Company, who regularly work more than 20 hours per week and have been employed with the Company for at least ninety days prior to the offering period, are eligible to participate in the plan. Participants, through payroll deductions, may purchase a maximum of 500 shares during the offering period at a cost of 85% of the lower of the stock price as of the beginning or ending of the stock offering period. During the years ended December 31, 2008, 2007 and 2006, 40,479, 20,301 and 20,941, shares of common stock (from treasury), respectively, were sold to employees participating in the Company’s ESPP for proceeds of approximately $217, $375 and $401, respectively.

 

Employee Stock Purchase Plan (“ESPP”)



 



The Company has a shareholder approved ESPP. Internal
employees of the Company, who regularly work more than 20 hours per week
and have been employed with the Company for at least ninety days prior to the
offering period, are eligible to participate in the plan. Participants, through
payroll deductions, may purchase a maximum of 500 shares during the
offering period at a cost of 85% of the lower of the stock price as of the
beginning or ending of the stock offering period. During the years ended December 31,
2008, 2007 and 2006, 40,479, 20,301 and 20,941, shares of common stock (from
treasury), respectively, were sold to employees participating in the Company’s
ESPP for proceeds of approximately $217, $375 and $401, respectively.



 



Employee Stock Purchase Plan (“ESPP”)



 



The Company has a shareholder approved ESPP. Internal
employees of the Company, who regularly work more than 20 hours per week
and have been employed with the Company for at least ninety days prior to the
offering period, are eligible to participate in the plan. Participants, through
payroll deductions, may purchase a maximum of 500 shares during the
offering period at a cost of 85% of the lower of the stock price as of the
beginning or ending of the stock offering period. During the years ended December 31,
2008, 2007 and 2006, 40,479, 20,301 and 20,941, shares of common stock (from
treasury), respectively, were sold to employees participating in the Company’s
ESPP for proceeds of approximately $217, $375 and $401, respectively.



 



This excerpt taken from the GVHR DEF 14A filed Apr 17, 2008.

Employee Stock Purchase Plan (ESPP)

        Internal employees who regularly work more than 20 hours per week and are employed by us for at least 90 days prior to the offering period are eligible to participate in our shareholder-approved ESPP. Participants, through payroll deduction, may purchase a maximum of 500 shares during each semi-annual offering period at a cost of 85% of the lower of the stock price as of the beginning or ending of the offering period, subject to an annual limitation of $25,000. During 2007, 20,301 shares of common stock (from treasury) were sold to employees participating in the employee stock purchase plan for proceeds of approximately $375,442. Our named executive officers are eligible to participate in the ESPP. No named executive officer participated in the ESPP during 2007.

These excerpts taken from the GVHR 10-K filed Mar 17, 2008.

Employee Stock Purchase Plan ("ESPP")

        The Company has a shareholder approved ESPP. The first offering period of the plan was from July 1 through December 31, 2001. Internal employees of the Company, who regularly work more than 20 hours per week and have been employed with the Company for at least ninety days prior to the offering period, are eligible to participate in the plan. Participants, through payroll deductions, may purchase a maximum of 500 shares during the offering period at a cost of 85% of the lower of the stock price as of the beginning or ending of the stock offering period. During the years ended December 31, 2007 and 2006, 20,301 and 20,941, shares of common stock (from treasury), respectively, were sold to employees participating in the Company's ESPP for proceeds of approximately $375 and $401, respectively.

F-32


GEVITY HR, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(in $000's, except share and per share data)

Employee Stock Purchase Plan ("ESPP")





        The Company has a shareholder approved ESPP. The first offering period of the plan was from July 1 through December 31, 2001. Internal employees of
the Company, who regularly work more than 20 hours per week and have been employed with the Company for at least ninety days prior to the offering period, are eligible to participate in the
plan. Participants, through payroll deductions, may purchase a maximum of 500 shares during the offering period at a cost of 85% of the lower of the stock price as of the beginning or ending of the
stock offering period. During the years ended December 31, 2007 and 2006, 20,301 and 20,941, shares of common stock (from treasury), respectively, were sold to employees participating in the
Company's ESPP for proceeds of approximately $375 and $401, respectively.



F-32








GEVITY HR, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

(in $000's, except share and per share data)




This excerpt taken from the GVHR DEF 14A filed Apr 12, 2007.
Employee Stock Purchase Plan (ESPP)
 
Internal colleagues who regularly work more than 20 hours per week and are employed by us for at least 90 days prior to the offering period are eligible to participate in our shareholder-approved employee stock purchase plan. Participants, through payroll deduction, may purchase a maximum of 500 shares during each semi-annual offering period at a cost of 85% of the lower of the stock price as of the beginning or ending of the offering period, subject to an annual limitation of $25,000. During 2006, 20,941 shares of common stock (from treasury) were sold to employees participating in the employee stock purchase plan for proceeds of approximately $400,755. Our named executive officers are eligible to participate in the ESPP. Our CEO was the only named executive officer who participated in the ESPP in 2006. The “value” of the CEO’s participation in the ESPP benefit to the CEO, calculated as the difference between the fair market value of the shares on the purchase date and the discounted price, is $4,200 for 2006.
 
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