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Simple English definitions for legal terms

employee-stock-ownership plan

Read a random definition: Magistrate Judge, U.S.

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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i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
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20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
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JumpySubsequentDolphin
21:35
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JumpySubsequentDolphin
21:35
he has since moved
22:12
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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