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 ESOT effectively creates a market for a departing owner's stock.
Contact: ESOT 2005, Rue de Lyon 75, 1201 Geneva, Switzerland.
Mr O'Brien has made it clear he wants to spell out the advantages of his bid to the ESOT members, and he is due to decide this week whether or not to take the affair to the Irish Takeover Panel.
The most attractive thing for ESOT is that they have to invest less for the same amount of equity under our offer - and more seats on the board.
Needless to say, discussions between eIsland and ESOT are on-going.
HBI) presented the findings from two transplant studies conducted in collaboration with Novartis Pharma AG at the 12th ESOT (European Society for Organ Transplantation) Congress in Geneva, Switzerland, in October 2005.
32, but in the view of Eircom it does not have the potential to secure the vital backing of key block stakeholders - such as the ESOT employees group and Dutch and Swedish companies - needed to achieve the 80 per cent share essential for success.
The entrepreneurial spirit of an individual owner is paramount when providing services on a national basis, and I believe the ESOT configuration will keep that spirit alive," Ciabotti said.
0p Number of shares outstanding at December 31, 2002 (in thousands): Ordinary shares 794,456 Exchangeable shares 34,899 Less: ESOT shares (19,264) Shares in stock plans (5,000) Shares outstanding 805,091 Shares reserved for: Options 129,192 ESD's 6,107 Total shares 940,390 3.
7p Number of shares outstanding at December 31, 2001 (in thousands): Ordinary shares 784,147 Exchangeable shares 39,499 Less: ESOT shares (12,594) Shares outstanding 811,052 Shares reserved for: Options 87,538 ESD's 6,107 Total shares 904,697 4.