Your participation in the Employee Stock Purchase Plan will end when your employment with JPMorgan Chase ends or when you sell all or any of the shares in your account. You will receive a distribution of shares held by the Employee Stock Purchase Plan, as well as any cash remaining in your account. If you prefer, you may elect to have the shares in your account sold. Your request for the sale of shares in your account must be received by Mellon Investment Services no later than 10 business days after your termination date.

Several other situations could cause your payroll contributions to the Employee Stock Purchase Plan to end. These situations include:

You may stop participating in the Employee Stock Purchase Plan at any time. If you choose to no longer participate, please contact the Benefits Call Center and your contributions will stop as soon as administratively possible. To close your account at Mellon Investor Services, follow the instructions on the reverse side of your account statement. In addition, you must choose how your account should be paid to you. Your choices are all shares, all cash, or a combination of shares and cash. (Please see "Payment Options Upon Withdrawal — Selling Shares or Closing Your Account" for more information.)

If you voluntarily stop participating in the plan, you may re-enroll in the plan in the future, as long as you're still eligible, during an annual benefits enrollment period.

If your employment with JPMorgan Chase or a designated subsidiary ends for any reason, your participation in the plan will end immediately after the purchase date following the date of your final regular salary payment. The shares in your account will automatically be transferred to a book-entry common stock account that will continue to reinvest your dividends, but not with the 5% discount. If you prefer, you may elect to have the shares in your account sold. In this case, your request for the sale of shares in your account must be received by Mellon Investor Services no later than 10 business days after the next purchase date after your termination date. In addition, any funds remaining on deposit in your account under the plan will be returned to you on request only by contacting the Benefits Call Center. Otherwise, these funds will be used to invest on the next purchase date.

If you decide to sell shares through the plan, your participation in the plan ends. In this case, your contributions stop as soon as administratively possible and you choose how your account should be paid to you, as described under "If You Voluntarily Close Your Account."