ESOP


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Related to ESOP: employee stock ownership plan, Aesop, Æsop
  • noun

Synonyms for ESOP

a program under which employees regularly accumulate shares and may ultimately assume control of the company

References in periodicals archive ?
However, for private firms, an independent appraisal must be done annually so that the ESOP accurately reflects share value.
The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership.
This is an exciting time to be involved in the ESOP business community and to work with an outstanding financial services company that serves more middle-market, privately-owned businesses than anyone else, Abello said.
An ESOP is a retirement plan that invests primarily in the shares of your company.
Adding an ESOP does not have to change the operation of a business.
8220;I'm thrilled to be able to present the employee owners of Carl Warren & Company with the 2013 ESOP Company of the Year Award,” said ESOP Association President, J.
Since the ESOP is a qualified retirement plan, the amount allocated to the participants' account is not included in the participants' gross income in the year it is contributed.
The confluence of 35 years of progressive employee stock ownership plan (ESOP) financial successes, S corporation tax attributes, potentially higher taxes on the horizon and an aging baby-boomer generation combine to make ESOPs an attractive option that private company CFOs--and the CPAs who advise them should consider.
In some cases an ESOP can permit transactions to occur that otherwise would not be economically possible.
Richard Lamptey, a principal with Mercer, Marcus Wallman, said, "In the UAE, there are some legal restrictions that should be addressed in regard to getting an ESOP approval and the fact that expatriate employees in the Gulf are not allowed to own stock in UAE national-owned companies.
ESOPs 101 Despite its name, an ESOP should not be confused with a management or employee buyout.
If your employees lack up-front cash to put into the business, that's perfectly okay because the ESOP borrows the money from the bank to pay to the seller.
All that is required is for the company to adopt an ESOP component.
If the corporation is already funding contributions to an ESOP to the maximum allowed under the tax rules, it could not increase its funding and reduce current compensation as assumed in the analysis above, unless a leveraged ESOP structure is used and dividends are used to pay down ESOP loans.
Lowell began considering the ESOP as a means to maintain control of his company, while cashing out Ribelin.