ESOP

(redirected from Aesop)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.
Related to Aesop: Aesop Fables

ESOP

Employee Stock Ownership Plan

An employee benefit in which employees are issued or sold shares in the publicly-traded company for which they work after a certain number of days of employment. ESOPs are designed to give employees equity in the company to boost morale and thereby improve productivity. ESOPs receive various tax benefits, and may give employees a greater say in the election of the board of directors.

ESOP

Employee stock ownership plan (ESOP).

An ESOP is a trust to which a company contributes shares of newly issued stock, shares the company has held in reserve, or the cash to buy shares on the open market.

The shares go into individual accounts set up for employees who meet the plan's eligibility requirements.

An ESOP may be part of a 401(k) plan or separate from it. If it's linked, an employer's matching contribution may be shares added to the ESOP account rather than cash added to an investment account.

If you're part of an ESOP and you leave your job, you have the right to sell your shares on the open market if your employer is a public company.

If it's a privately held company, you have the right to sell them back at fair market value. The vast majority of ESOPs are offered by privately held companies.

ESOP

see EMPLOYEE SHARE OWNERSHIP PLAN.
References in periodicals archive ?
Aesop is one of a growing number of smart Australian businesses leveraging the transformational capabilities of cloud-based solutions to support international growth.
He served Lycurgus as an advisor and adopted a son, who betrayed him and eventually had Aesop sentenced to death.
Students were provided with copies of the selected Aesop fables and African folklore.
For everyone's favorite whipping boys and girls--the media--who, as often as not, do their jobs poorly as they try to please everybody, a contradiction that Aesop would understand.
In addition to questioning IDUs about their high-risk behaviors, the AESOP interviewers gathered information on the interactions between IDUs and outreach workers, including interaction regarding referrals to medical services.
These proverbial phrases still stud common speech today, approximately twenty-six hundred years after they were written down as the work of one Aesop, a slave.
The book is compact, yet the five chapters range very widely, juxtaposing discussions of periodization, logocentrism, Plato's Aesop, the quatorzain, Leon Battista Alberti's On Painting, Rene Magritte's La Condition Humaine, and several other substantial topics.
New features in Aesop to assist in tracking substitute hours to determine eligibility for healthcare benefits under the Affordable Care Act
The stylized, striking color illustrations add the perfect touch to this captivating sampler of Aesop's timeless tales and morals (of course, Aesop told many more fables than can fit between the covers of a picturebook such as this one).
From Aesop to Reynard; beast literature in medieval Britain.