90-4, Earningsper-Share Treatment of Tax Benefits for Dividends on Stock Held by an Employee Stock Ownership Plan
The ruling sounds a warning to all companies with an Employee Stock Ownership Plan
or considering establishing an ESOP.
89-8, Expense Recognition for Employee Stock Ownership Plans
Forsythe's plans to sell his 85 percent ownership stake in an employee stock ownership plan
(ESOP) leveraged buyout over the coming months.
June 26 /PRNewswire/ -- Volunteer Capital Corporation (NYSE: VCC) announced today the formation of an Employee Stock Ownership Plan
(ESOP) which will own 457,055 shares of the Company's 4,038,000 shares of outstanding common stock.
ASC has enjoyed tremendous growth over the past ten years and is now one of the largest Employee Stock Ownership Plan
(ESOP) companies in the country.
The shares repurchased by the Company under the Stock Repurchase Program will be held as treasury shares and may be utilized in future merger transactions, or to fund the Company's obligations under its stock option plans, and its Employee Stock Ownership Plan
14 /PRNewswire/ -- Cargill's Board of Directors has reviewed the final technical details related to the acquisition of common stock from its shareholders and completed formal creation of an employee stock ownership plan
The awards are presented each May at the association's annual meeting in Washington, DC to companies that have excelled in communicating employee ownership and the employee stock ownership plan
(ESOP) to its employees.
Employee Stock Ownership Plan
and has just completed two years of service on its administrative committee.
The Legacy Banks Employee Stock Ownership Plan
, which was unable to purchase shares in the subscription offering due to oversubscriptions, intends to purchase 824,688 shares on the open market.
409(o)(1)(C)(ii) dollar limit for determining the maximum account balance in an employee stock ownership plan
subject to a five-year distribution period increases from $850,000 to $885,000.
Companies that offer their stock to employees through an employee stock ownership plan
(ESOP) or 401(k) plan are increasingly vulnerable to fiduciary liability lawsuits, according to a white paper developed for the Chubb Group of Insurance Co.
A federal court judge in the US has ruled that employees of United Airlines can go ahead with a class-action lawsuit against the airline's employee stock ownership plan
and its trustees.
However, when taxpayers (other than C corporations) sell securities that they have held for at least three years in a C corporation that isn't publicly traded to an employee stock ownership plan
(ESOP), they can elect not to recognize gain on the sale and reinvest the proceeds in replacement property.