employee stock ownership plan

A type of profit-sharing plan that invests primarily in the employer’s stock.

• Employee-stock-ownership plans receive special tax benefits and can borrow money to fund employee stock purchases, which makes them a useful corporate finance tool. IRC (26 USCA) § 4975(e)(7). — Abbr. ESOP. [Cases: Internal Revenue 3578, 4297. C.J.S. Internal Revenue §§ 294–295, 302–304.]

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词条贡献者

译者Gloria，毕业于法国顶尖的高级翻译学院，擅长翻译各种与企业设立相关的法律文件。