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LSDefine

Simple English definitions for legal terms

employee-stock-ownership plan

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A quick definition of employee-stock-ownership plan:

An employee benefit plan is a written plan that provides benefits to employees, officers, and advisers of a company. It can include things like stock-purchase, savings, option, bonus, profit-sharing, pension, or similar plans. The plan can be for retirement, medical care, or other benefits. Some plans, like the employee-stock-ownership plan, invest primarily in the employer's stock. The plan can be funded by the employer, the employee, or both. The plan can receive special tax benefits and can borrow money to fund employee stock purchases.

A more thorough explanation:

An employee-stock-ownership plan is a type of employee benefit plan that is written to provide various benefits to employees, officers, and advisers of a company. This plan can include stock-purchase, savings, option, bonus, stock-appreciation, profit-sharing, thrift, incentive, pension, or similar plans. It is solely for the benefit of employees and excludes any plan, fund, or program in which no employees are plan participants.

One example of an employee-stock-ownership plan is an ESOP (Employee Stock Ownership Plan), which invests primarily in the employer's stock. This plan receives special tax benefits and can borrow money to fund employee stock purchases, making it a useful corporate finance tool.

Another example is a 401(k) plan, which is a retirement and savings plan that allows an employee to elect to have a portion of their pretax salary contributed to a defined contribution plan. Employers often match all or part of the employee's contributions, and employees can choose investments from a list of options.

These examples illustrate how an employee-stock-ownership plan can provide various benefits to employees, such as retirement savings and stock ownership in the company they work for. These plans can also be beneficial for employers as they can help attract and retain talented employees and provide a useful tool for corporate finance.

employee stock option | Employee's Withholding Allowance Certificate

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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