Employee Stock Purchase Plan

Now you can enjoy the many benefits of being a Westaff employee and purchase company stock through the Future Funds Employee Stock Purchase Plan. The plan gives you a chance to have an ownership interest in our company and buy stock at a discount. It also provides you an opportunity to share in Westaff's future growth. The Future Funds Employee Stock Purchase Plan should give you an additional source of pride in the results from efforts of your coworkers and our growing family of offices.

Here's how the program works

• You decide how much you want to contribute from each paycheck (from 1% to 10% of cash earnings) and that amount will be deducted.
• Your payroll deductions will be accumulated for the purchase of common shares on the last business day of each purchase period (twice a year).
• The purchase price for each share will be equal to 85% of the lower of (1) the fair market value for each share on the start date of the purchase period or (2) the fair market value for each share on the last day of the purchase period.
• You'll receive periodic statements telling you about your account.
• Westaff's Future Funds went into effect in 1996. To qualify for the program, you must meet eligibility rules set forth in the plan document.

Basic eligibility
Employees who are regularly scheduled to work more than 20 hours a week for more than five months in a calendar year can participate in Westaff's Future Funds Employee Stock Purchase Plan ("ESPP"). To obtain the necessary forms, please contact your local office manager.

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