employee share ownership plan
- employee share ownership plan UK US noun [C] UK (US employee stock ownership plan) FINANCE, HR► a benefits plan in which employees own a percentage of their company’s shares, which are bought and managed for them by a trust (= separate organization): »
An employee share ownership plan distributes 5% of pre-tax profits among 29,000 eligible employees.
Financial and business terms. 2012.
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employee share ownership plan — (ESOP) A discretionary trust, normally for the benefit of employees, ex employees and dependants. Used to supply shares on the exercise of share options as an alternative to issuing new shares. Also used in conjunction with long term incentive… … Law dictionary
employee share ownership plan — /ɪmˌplɔɪi: ʃeə ˌəυnəʃɪp plæn/, employee share ownership programme /ɪmˌplɔɪi: ʃeər ˌəυnəʃɪp ˌprəυ ræm/, employee share scheme /ɪmˌplɔɪi: ʃeə ski:m/ noun a plan which allows employees to obtain shares in the company for which they work (though tax… … Dictionary of banking and finance
employee share ownership plan — ESOP A method of providing the employees of a company with shares in the company. The ESOP buys shares in its sponsoring company, usually with assistance from the company concerned. The shares are ultimately made available to employees, usually… … Accounting dictionary
employee share ownership plan — ESOP A method of providing the employees of a company with shares in the company. The ESOP buys shares in its sponsoring company, usually with assistance from the company concerned. The shares are ultimately made available to employees, usually… … Big dictionary of business and management
all employee share ownership plan — (AESOP) A HM Revenue & Customs approved share scheme which offers tax benefits, now known as share incentive plans. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
employee stock ownership plan — ( ESOP) A company contributes to a trust fund that buys stock on behalf of employees. Bloomberg Financial Dictionary * * * Employee Stock Ownership Plan Employee Stock Ownership Plan ➔ ESOP * * * employee stock ownership plan UK US noun [C] (UK… … Financial and business terms
employee stock ownership plan — HR a plan sponsored by a company by which a trust holds shares in the company on behalf of employees and distributes those shares to employees. In the United States, shares can only be sold when an employee leaves the organization, and are thus… … The ultimate business dictionary
employee share ownership trust — (ESOT) A term used to describe an employee benefit trust. Related links employee share ownership plan (ESOP) Practical Law Dictionary. Glossary of UK, US an … Law dictionary
Employee Share Ownership Trust - ESOT — A program that facilitates the acquisition and distribution of a company s shares to its employees. ESOTs are trust accounts with which a company can sell its shares to employees. Some reasons to provide the ESOT include the following: 1. The… … Investment dictionary
employee share ownership trust — ESOT A trust set up by a UK company, under the provisions introduced in 1989, to acquire shares in the company and distribute them to the employees. The company s payments to the trust are tax deductible. The trust deed sets out the specified… … Accounting dictionary