Employee Stock Ownership Plan (Noun)
Meaning
A program under which employees regularly accumulate shares and may ultimately assume control of the company.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The company offers an employee stock ownership plan to incentivize and reward its long-term employees.
- She was disappointed to learn that her new company did not have an employee stock ownership plan in place.
- As part of the employee stock ownership plan, employees receive a certain number of company shares each year.
- The employee stock ownership plan was introduced as a way to give employees a stake in the company's future and its profits.
- The company has an employee stock ownership plan that has proven successful in motivating employees and improving job satisfaction.