ESOP

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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 ?
Martin Grimer, who serves as Aesop Agency's executive director, said it was great fun working with Murray in creating his personal logo.
Where other business books would approach marketing decisions with generalities, Aesop's Keys provides specifics; right down to tables that predict how much a narrow focus will magnify profits.
Advantage Aesop's Two horses stand out on BHA ratings, with Aesop's Fables and Gabrial pegged on 110, 6lb higher than the only other runner with a three-figure mark, Trade Commissioner (104).
Ice Cream and Aesop is available to download for e-readers from Amazon.
"Kings Thai Boxing, Aesop and SBH Fashion are all contributing to the rapidly changing face of retail and office tenancy on 36th Street and in the area as a whole," said Robert Kaplan, director of leasing of Hidrock.
Established in Melbourne in 1987, Aesop now operates more than .60 retail locations in 11 countries, offering a range of premium products for the skin, hair and body, using both plant-based and laboratory-made ingredients.
Aesop executive creative director Martin Grimer said the helix device "brings together both taste and refreshment and also suggests science and dynamism"
The musical journey through Aesop's tales include The Boy Who Cried Wolf, The Tortoise And The Hare, The Dog And Its Reflection, The Fox And The Crow plus The Bear And The Travellers.
For the details of Aesop's life, we have the Life of Aesop, a narrative dating from the first century CE, but which draws on a tradition that dates back at least as far as 500 BCE.
London, June 9 (ANI): A chimp was videotaped replaying one of "Aesop's fables" by taking water from a dispenser and spitting it into a tube to reach a peanut.
Aesop and the imprint of medieval thought; a study of six fables as translated at the end of the Middle Ages.