Definition of Employee stock ownership plan
1. Noun. A program under which employees regularly accumulate shares and may ultimately assume control of the company.
Employee Stock Ownership Plan Pictures
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Lexicographical Neighbors of Employee Stock Ownership Plan
Literary usage of Employee stock ownership plan
Below you will find example usage of this term as found in modern and/or classical literature:
1. Privatization: Lessons Learned by State and Local Governments by John K. Needham (1999)
"Under an employee stock ownership plan (ESOP), employees take over or participate in the management of the organization that employs them by becoming ..."
2. Guide to Responsible Restructuring by DIANE Publishing Company, Wayne F. Cascio (1995)
"In exchange for 15 to 20 percent cuts in wages and benefits, ATS workers own 50 percent of the company through an employee stock ownership plan. ..."
3. Impact on Individuals and Families of Replacing the Federal Income Tax by William Archer, William V. Roth, Jr. (2000)
"Sales of stock to employee stock ownership plans An individual who sells certain stock to an employee stock ownership plan ("ESOP') defers recognition of ..."