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

资深法律翻译Patrick，毕业于美国顶尖的高级翻译学院，专注翻译各类与资产管理有关的法律文件。