Employee Share Ownership Trust

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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.
References in periodicals archive ?
The one-off cash payment is less than the future profit share payments and other associated costs which Aer Lingus Group would otherwise be obliged to pay to the ESOT.
An ESOT trust can be established to purchase the stock of business owners using tax-deductible corporate dollars as a funding mechanism.
"Leveraged" ESOPs allow companies to channel loans through the ESOT. As the loan is repaid, both principal and interest are tax deductible.
NORDIC BUSINESS REPORT-April 22, 2019-Concentric reports on transfer of own shares to an ESOT
Global Banking News-April 22, 2019-Concentric reports on transfer of own shares to an ESOT
M2 EQUITYBITES-April 22, 2019-Concentric reports on transfer of own shares to an ESOT
Tenders are invited for supply and installation of ups at different o.Ts iccu itu rccu burn unit, blood bank etc at nrs medical college hospital.Sitc of ups at esot.
*Professor Emeritus Maurice Slapak, founder of the European Society of Organ Transplantation (ESOT), has been given the Karel Pavlik Foundation's annual award for his contributions to the development of the donorship and transplant programme in the Czech Republic and the world.
Some 97 percent of the Employee Shareholder Ownership Trust (ESOT) -- the third largest shareholder in Aer Lingus after the Irish government and Ryanair -- who participated in the ballot voted to reject the offer.
Members of the Aer Lingus Employee Share Ownership Trust (ESOT) are reportedly voting on whether to accept a takeover bid by Ryanair.
As well as this year's losses there was also a EUR28million payment to the Employee Share Ownership Trust (ESOT) to buy shares for Eircell employ-ees who left the group because of the demerger.
A typical leveraged ESOP transaction consists of the following basis elements: (i) an employee stock ownership trust (ESOT) borrows funds from a lending institution, and (ii) uses these funds to purchase stock of the company; (iii) the company then makes regular contributions to the plan in the amount of the scheduled principal and interest payments, which (iv) the ESOT then uses to repay the loan.