MOLX » Topics » U.S. Tax Consequences When Stock Is Credited to an Employee’s Account

This excerpt taken from the MOLX DEF 14A filed Sep 23, 2005.

U.S. Tax Consequences When Stock Is Credited to an Employee’s Account

Because the ESP Plan is intended to meet the requirements of §423, when the shares of Stock are credited to a Participant’s account at the end of an Offering Period, the Participant will recognize no income for the spread, if any, between the Purchase Price and the fair market value at the end of the Offering Period or the discounted portion of the Purchase Price relative to the fair market value.

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