ESOP

American  

[ee-sop] / ˈi sɒp /

noun

1. a plan under which a company's capital stock is acquired by its employees or workers.

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Etymology

Origin of ESOP

1970–75; e(mployee) s(tock) o(wnership) p(lan)

Example Sentences

The deal hinged on the creation of an employee stock ownership plan, or ESOP, a structure that would allow Tribune to avoid most federal income taxes.

From Los Angeles Times

The St. Louis County Police Association said Friday that it “shares many of the substantial concerns raised by ESOP.”

From Washington Times

In a statement, Barton said department leaders have been in discussions with ESOP, the St. Louis County Police Association, and the police department’s diversity and inclusion staff.

From Washington Times

In their case, Cimarron was bought by another ESOP, called Folience, which made the transaction quicker.

From New York Times

In an ESOP, shares of the firm are put in a trust, which works like a retirement plan for the workers.

From Salon