Memorandum
TO:
FROM:
DATE:
SUBJECT: Change in Eligibility Requirements for Employee Stock-Purchase Plan
At the November board meeting, the directors of Forbas Manufacturing approved a change in the eligibility requirements for participation in the Employee Stock-Purchase Plan. Effective with the fiscal quarter beginning January 1, 19—, all employees who have completed one year of service with the company (prior policy called for two years of service) will be eligible to join the plan.
The Employee Stock-Purchase Plan is an effective savings plan in which 1,200 Forbas Manufacturing employees are now enrolled. In fact, during the past fiscal year, enrollment has increased 46 percent.
New enrollments for each quarter must be received by the 10th day of the new quarter. Should you have questions about “joining the bandwagon” or if you want to get an enrollment form, contact Liz Smith (ext. 282).
Email This Page!