esop

Meanings

• noun

  An Employee Stock Ownership Plan (ESOP) is a qualified defined contribution plan with a 401(k) feature that provides participants with individual accounts. An ESOP is designed to invest primarily in the stock of the sponsoring employer or its subsidiaries.

  - "The company is an employee-owned business through an ESOP."
  - "The ESOP holds a significant amount of stock in the company."

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Variants

List of all variants of esop that leads to same result
ESOP , ESOPs

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Etymology

origin and the way in which meanings have changed throughout history.

An acronym for Employee Stock Ownership Plan, first introduced in the United States in the 1960s.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. ESOPs were first introduced in the US in the 1960s, but their origins can be traced back to Germany in the late 1800s.

2. As of 2021, there are over 6,500 ESOPs covering approximately 14 million employees in the US.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Employee Benefits: ESOPs are a type of employee benefit, alongside other forms like health insurance, retirement plans, and paid time off.

2. Stock Options: ESOPs differ from stock options in that the company contributes the stock directly to the plan, whereas stock options give employees the right to buy stock at a later date.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

ESOPs have gained popularity as a way to provide employees with a sense of ownership and alignment with the company's success. They have been shown to increase employee engagement and productivity.

How to Memorize "esop"

1. visualize
   

   - Visualize a group of employees holding stock certificates, representing their ownership in the company through an ESOP.

2. associate
   

   - Associate the word 'ESOP' with the concept of employee ownership and alignment with a company's success.

3. mnemonics
   

   - Create a mnemonic using the first letters of 'Employee Stock Ownership Plan' to help remember the definition.

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