Employee Share Ownership Plan (ESOP)
Employee Share Ownership Plan (ESOP) : An arrangement which provides an affordable way for employees to obtain an equity stake in the company for which they work. The method used is to establish a trust which will purchase shares on behalf of the employees. The funds for this activity will be borrowed from a financial institution, and the earnings from the shares will be used to pay off the loan. When the loan is paid off, the shares will be gradually released to the employees
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