INVESTMENTS

Employee Stock Purchase Plan Vesting

Vesting means ownership. You are always 100% vested in your shares of stock; that is, you always have a guaranteed right to receive the actual shares or to request that JPMorgan sell your shares at market prices.

	Highlights Employee Stock Purchase Plan   Eligibility and Enrollment   How the Plan Works   Vesting   Voting Rights   Selling Your Stock   Transferring Your Stock   Other Information   FAQ'S Retirement Savings Plan Social Security Benefits Administrative Information

Summary Plan Description
The legal summary of this benefit will be included in the 2008 Benefits Handbook.