- WHAT IS THE PLAN OFFERING PERIOD?
The plan offering period is the time period during which payroll deductions are collected and shares are purchased. For some plans, the offering period and the purchase period have the same timeframe. Some plans may have an offering period that contains several purchase periods. For example, the offering period may be a 12-month period, containing four purchase periods of three months each.
- WHAT IS THE PURCHASE PERIOD?
The purchase period can be part of or the same length as the plan offering period. At the end of this period, shares will be purchased using your accumulated contributions. The purchase date is usually the last day of the purchase period. Your company defines the length and dates of the purchase period, as well as the purchase date.