Provider: Morgan Stanley
Customer Service Number: (866) 722-7310
Website: atwork.morganstanley.com

All employees with at least one year of service are eligible to enroll in the Employee Stock Purchase Plan (ESPP) on a quarterly basis. The ESPP allows you to purchase company stock at a discounted price through payroll deductions.

Payroll deductions are taken over the course of the quarter. At the end of the quarter, the discounted purchase price is determined by comparing the price at the beginning of the quarter and the end of the quarter. The lower of these two prices is then discounted by 15%. Your accumulated payroll deductions are then used to purchase shares at the discounted price.

Shares purchased through the ESPP have a minimum hold period of one year from the purchase date.