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This excerpt taken from the HBI 10-K filed Sep 28, 2006. Payroll
Deductions and Purchase of Shares
An employee may contribute from his or her cash earnings through
payroll deductions during an offering period and the accumulated
deductions will be applied to the purchase of shares on the
first day of the next following offering period. The Hanesbrands
ESPP will provide for consecutive offering periods of three
months each on a schedule determined by the Committee. The
purchase price per share will be at least 85% of the fair market
value of our shares immediately after the end of each offering
period in which an employee participates in the plan.
This excerpt taken from the HBI 8-K filed Sep 5, 2006. Payroll Deductions and Purchase of Shares An employee may contribute from his or her cash earnings through payroll deductions (within such limits as the Committee may determine) during an offering period and the accumulated deductions will be applied to the purchase of shares on the first day of the next following offering period. The plan will provide for consecutive offering periods of three months each on a schedule determined by the Committee. The purchase price per share will be at least 85% of the fair market value of our shares at the beginning of the next offering period. Our board of directors may at any time amend, suspend or discontinue the Hanesbrands ESPP, subject to any stockholder approval needed to comply with the requirements of the SEC, the Code and the rules of the New York Stock Exchange. | EXCERPTS ON THIS PAGE:
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