Which of the Following Conditions Is Not Required for an Employee

question 123

Multiple Choice

Which of the following conditions is not required for an employee stock purchase plan to be non-compensatory?

• A) The plan is made available to substantially all employees.
• B) After the plan is established, there is a maximum one-month period to elect to participate in the plan.
• C) The discount is not larger than 5% of the open market price.
• D) Top-level employees may purchase no more than a set percentage of shares available.

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