Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

employee-stock-ownership plan

Read a random definition: undue multiplicity of claims

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.