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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (29794)	8/11/2000 9:26:12 AM
From: Sunny	Read Replies (1) \| Respond to of 54805

The plans that I have participated in are a yearly program. The way the plan works is you allocate a % of Salary. Based upon your current salary this yields a dollar amount that will be used to purchase a specified number of shares. If the result yields a fractional amount, the contribution each is reduced so that you contribute precisely the amount of the product of the number of allocated shares and 85% of the price on Day 1. If 85% of the price at the end of the plan year is less than 85% of the price at the start of the plan you get your allocated shares AND a check for the difference between the two amounts. This is how they can say you will get a Guaranteed return of 15%. Whatever the mechanics are, (and I am sure the HR people can explain it much more precisely that we can) this is a very good befit program for the the employees and a wonderful way to build a position in a company stock. Sunny