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UNH » Topics » Purpose of the Employee Stock Purchase Plan

This excerpt taken from the UNH DEF 14A filed Apr 28, 2008.

Purpose of the Employee Stock Purchase Plan

The purpose of the Employee Stock Purchase Plan is to enhance employee commitment to the goals of the Company by providing a means of achieving stock ownership on advantageous terms to eligible employees. The Employee Stock Purchase Plan is designed to have two components: (i) a qualified “employee stock purchase plan” under Section 423 of the Internal Revenue Code; and (ii) a “Non-423 Plan” which does not meet the requirements of Section 423 of the Internal Revenue Code.

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