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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.


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.


References in periodicals archive ?
40) The Life of Aesop taught me to perceive the relationships between masters and slaves not just as a hierarchy governed by the external structures of law and economy.
Importantly, Natura and Aesop will operate as independent companies and brands, and Natura remains fully committed to the direct selling channel in Latin America, which continues to gain market share and expand globally.
Toms River School District in New Jersey has discovered that using AESOP has greatly improved efficiency.
Aesop evaluated a number of global on-premise and cloud solutions before determining that NetSuite's cloud-based business management suite met all requirements in a single, scalable solution at a considerable cost saving comparative to traditional on-premise ERP solutions.
Together with Aesop, VeriTime offers a complete attendance management solution: Aesop tracks negative time (time absent), while VeriTime tracks positive time - and all this data can be viewed on demand in Aesop.
It serves nearly 2,500 school district customers using the Aesop system throughout the US and Canada, and more customers in a variety of other industries in Great Britain, Australia, Russia, and throughout the US.
uestlove from The Roots, Common, and Aesop Rock, among others will contribute to this dynamic feature.
The operating surgeon has full control over the surgical instruments, while the collaborating remote surgeon can also control AESOP, a robotic arm that holds the endoscopic camera positioned inside the patient, using voice commands.
The Washington Hospital's Institute for Minimally Invasive and Robotic Surgery was launched in early 2002 with a state-of-the-art robotic surgical suite including a fully integrated system of ZEUS, AESOP, the HERMES(TM) Control Center, and the SOCRATES(TM) Telecollaborative System.
Computer Motion's products include the ZEUS(R) System for minimally invasive surgery, the HERMES(R) Control Center, the AESOP Robotic Endoscope Positioner, the first commercially available surgical robot in the U.
the Delaware District Court has entered summary judgment of literal infringement against Computer Motion, concluding that both of Computer Motion's AESOP and ZEUS products literally infringe Intuitive's 6,201,984 patent on voice-controlled surgical robots.