employee stock ownership plan |
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navigate by keyword : agent allocated apprentice assistance assistant attendant blue bought breadwinner cog collar companies company companys cost craftsperson employee employeeowner employees esop helper interest job laborer leaves may member operator owned ownership performed plan plug program provide redistribution remuneration represenative retires shares slave stock trust until voided white work worker workforce |
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An employee stock ownership plan ESOP is an employee-owner program that provides a company`s workforce with an ownership interest in the company. In an ESOP, companies provide their employees with stock ownership, often at no upfront cost to the employees. ESOP shares, however, are part of employees` remuneration for work performed. Shares are allocated to employees and may be held in an ESOP trust until the employee retires or leaves the company. The shares are then either bought back by the company for redistribution or voided. |
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