Employee Stock Purchase Plan (ESPP)
The Employee Stock Purchase Plan (ESPP) is a great opportunity for you to invest and share in Allscripts success.
When you enroll, you can use a portion of your paycheck to purchase Allscripts stock at a discounted rate. If you decide to enroll in the ESPP, you will elect a percentage of your paycheck to be withheld each pay period and credited to a stock purchase account. Your contributions will accumulate and then be used to purchase shares of Allscripts stock on the last business day of the calendar quarter. Contributions to the ESPP are made after-tax. Contributions will market value, (a 15% discount) based on the lower of the Allscripts closing share price or the offering period start or end date.
How the ESPP works
Who is eligible
Associates scheduled to work more than 20 hours a week.
When you can enroll
You are able to enroll in the months of February, May, August and November.
Up to 20% of each paycheck, credited to a stock purchase account on your behalf.
How are my purchases paid for
15% discount on Allscripts stock.
When deductions begin
The first paycheck after the enrollment period ends.
You can adjust your contributions only during an enrollment period.
You are 100% vested in your contributions.
When can you trade or sell?
You will be able to view, track and sell your shares online at E*TRADE (subject to the Allscripts Insider Trading Policy).
How to enroll
ESPP is administered through E*TRADE. You can enroll or change contributions at anytime during an open enrollment period. Refer to etrade.com/enroll to begin the process. Please note that you can withdraw from the plan at any time.
Your contributions will continue until one of the following occurs:
- You lose eligibility
- You withdraw from the plan
- No further shares are authorized for purchase
- The Board of Directors terminates the plan
If your employment with Allscripts ends during an offering period, the deductions taken during that offering period will be returned to you.
No interest is earned on ESPP deductions held by Allscripts during the offering period.