All employees with one year of service are able to sign up for 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. The payroll deductions are taken over the course of the quarter and at the end of the quarter a 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% and stock is purchased for the employee.

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

For more information please contact Morgan Stanley at (866) 722-7310 or visit atwork.morganstanley.com