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The Plan at a Glance
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The Plan at a Glance
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When you enroll in the Stock Purchase Plan, you elect to contribute—via payroll deductions and on an after-tax basis—from 1% to 15% of your base salary throughout the plan year.
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During the period between purchases of MMC stock, your contributions will earn interest at a 2% annual rate, compounded semi-monthly, if you are a salaried employee, which will be applied to the funds available for purchasing MMC stock. If you are classified as an hourly employee, interest is compounded weekly, as long as you receive eligible pay.
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Your calendar quarter-end balance is used to purchase shares of MMC common stock each quarter at a price that is 95% of the average market price of the stock on the day the stock is purchased.
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Once the eligibility requirements have been satisfied, you can enroll in the Plan in September during Annual Enrollment.
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For more information after stock is purchased, contact the Plan's service provider, Smith Barney:
Smith Barney, Inc.
100 Citibank Drive
Building 3, 2nd Floor
San Antonio, TX 78245
For U.S. employees:
(877) 281-3287 or (212) 615-7866
For employees outside the United States:
North and South America: (212) 615-7866
Europe/Middle East: 34-93-316-5997
Australia, Asia/Pacific Region: 61-28-225-0679
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