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Employee Share Ownership Trust

   Also found in: Acronyms 0.01 sec.
Employee Share Ownership Trust
An employee benefit in which employees are sold shares in the publicly-traded company for which they work through a trust. ESOTs are designed to help give employees equity in the company to boost morale and thereby improve productivity. It also provides the company with a source of revenue. Buying shares through an ESOT gives employees various tax benefits, and may give employees a greater say in the election of the board of directors. It is similar to, but different from, an employee stock ownership plan.


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Our plan actually keeps the Post Office in the public sector and enables Royal Mail employees to get a share in their company through a radical employee share ownership Trust, similar to the John Lewis Partnership.
Nov 20, 2006 Ryanair Ryanair's bid for Aer Lingus appears to be dead following yesterday's overwhelming vote to reject the offer by members of EI's Employee Share Ownership Trust, which holds 12.
The Aer Lingus Employee Share Ownership Trust - which owns 12.
 
 
 
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