ESOP
Americannoun
Etymology
Origin of ESOP
1970–75; e(mployee) s(tock) o(wnership) p(lan)
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
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 • May 18, 2023
In an ESOP, shares of the firm are put in a trust, which works like a retirement plan for the workers.
From Salon • Nov. 20, 2019
Saladino was vacationing in Montana when a ski partner talked about an employee stock-ownership plan, or ESOP, that turned workers into owners.
From Seattle Times • Jan. 21, 2017
In 1989, Parksite’s original owners — Ray Biggins and John Morrisroe – sold 75% of the company to an ESOP, later selling the remaining 25%.
From Forbes • Feb. 18, 2015
He used debt in combination with an employee stock ownership plan, called an ESOP, to buy the company, while contributing only $315 million of his own money.
From New York Times • Oct. 6, 2010
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
