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Question

What are ESOPs ?

A 1) Early Stock Options Plan Correct Answer Incorrect Answer
B 2) Employee Stock Ownership Plan Correct Answer Incorrect Answer
C 3) Employee Self ownership Programme Correct Answer Incorrect Answer
D 4) Employee Standard Operating Plan Correct Answer Incorrect Answer
E 5) Elder Self Ownership Plan Correct Answer Incorrect Answer

Solution

An employee stock ownership plan (ESOP) is a qualified defined-contribution employee benefit plan designed to invest primarily in the stock of the sponsoring employer. ESOP shares are part of employees' remuneration for work performed. Shares are allocated to employees and may be held in an ESOP trust.

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