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The Plan then uses the employees money that has been payroll deducted during the offering period to automatically purchase shares at a 15% discount to the purchase price.
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Employees may be able to purchase their shares at a discount, but often the main pressure is corporate culture.
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Say the rate on the Spanish bond was 5% and Corzine was able to purchase at a 10% discount to par (100) or 90% of face value.
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The online shopping trend conditions consumers to only make a purchase if there is a deep discount.
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At most, the payoff is usually just the opportunity to purchase the newfangled product at a discount if the concept comes to life.
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In 1995, I took advantage of the student discount program at NYU to purchase the PowerBook 5300cs, which was part of the first family of Apple Powerbooks.
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Although the firm recently halved its dividend to 2%, it did so to pay down debt acquired during its purchase of Albertsons and from investing in discount supermarkets.
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The initial deal, which is redeemable at all 61 Big Y stores on June 7, offers consumers a 40% discount on a pre-packaged seafood purchase.
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For example, an employee's spouse worked at a major discount retailer and was able to take advantage of the employee discount program, allowing the company to purchase such things as supplies for less money than usual.
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Depending on what assumptions you make about how much of the deferred purchase price will ever be paid, Virgin is probably paying a discount of around 20% to the book value of the Rock.
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