Payroll contributions that accumulate during the offering period will be used to purchase whole (and sometimes fractional) shares of company common stock in your name at the discount price on the purchase date (sometimes technically called the exercise date). This purchase date is usually the last business day of the offering or purchase period.
Alert: Check whether your plan allows the purchase of fractional shares or only of whole shares with your payroll deductions. If only whole shares, any amount remaining in your account may be rolled over to the next purchase period (without interest) or refunded in accordance with your plan's terms.