Buyer: Tanimura and Antle Employee Stock Ownership Plan
What special qualification requirements apply to employee stock ownership plans
The suit alleges that the employee stock ownership plan
committee for UAL Corp and the plan trustee, State Street Bank, were aware that UAL's stock was unstable but held the stock as its value fell even before the 11 September 2001 terrorist attacks, which further weakened the stock price.
To qualify for nonrecognition treatment, transfers must meet the requirements of IRC section 1042, Sales of Stock to Employee Stock Ownership Plans
or Certain Corporations.
Earlier this year, more than 100 employees of Garden State Brickface Windows & Siding received their first annual statements from the new federally-sanctioned Employee Stock Ownership Plan
(ESOP) showing the cash value of their ownership in the company.
the largest manufacturer and installer of sunrooms in North America, was named "ESOP Company of the Year 2007," by the Ohio/Kentucky Chapter of the Employee Stock Ownership Plan
Department of Labor has reached an agreement with the owner of a Manhattan laser surgery center to pay $5 million to its Employee Stock Ownership Plan
(ESOP) to resolve violations of the Employee Retirement Income Security Act of 1974 (ERISA).
in the sale of the company to an employee stock ownership plan
, the firm said.
The IRS recently disqualified an employee stock ownership plan
because the Plan, among other violations, did not use an independent appraiser to make annual valuations of the employer securities held by the trust.
2003-23, by permitting an S corporation employee stock ownership plan
(SESOP) to assume the corporation's rights and obligations to repurchase the corporation's stock that the SESOP distributes to a participant's IRA.
The company has an employee stock ownership plan
, the specifics of which are not being made public while the merger is pending.
Their Employee Stock Ownership Plan
(ESOP) has made their Ramada the first hotel in the nation to be employee owned and operated.
completed its 4-year employee stock ownership plan
by distributing 1,661,691 shares of common stock to more than 80,000 employees, including 63,000 members of the United Auto Workers union.
sold 7,571,313 shares of common stock to eligible account holders of Hampden Bank and to the Hampden Bank Employee Stock Ownership Plan
at a price of $10.
The company's founders, brothers Elden and Kerry Peterson recently formed an employee stock ownership plan
(ESOP) to allow employees to become the owners of Peterson Brothers Construction.