Esop
/ˈiːsɒp/
Definitions
- (n.) Abbreviation for Employee Stock Ownership Plan, a program that provides employees with ownership interest in the company through stocks.
The company introduced an ESOP to enhance employee retention and motivation.
Forms
- esop
- esops
Related terms
See also
Commentary
ESOPs are complex benefit plans that combine corporate finance and employee benefits law; precise drafting is crucial to meet regulatory requirements and tax advantages.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.