employee share-ownership plan
11employee share ownership trust — ESOT A trust set up by a UK company, under the provisions introduced in 1989, to acquire shares in the company and distribute them to the employees. The company s payments to the trust are tax deductible. The trust deed sets out the specified… …
12Employee Stock Ownership Plan - ESOP — A qualified, defined contribution, employee benefit (ERISA) plan designed to invest primarily in the stock of the sponsoring employer. ESOPs are qualified in the sense that the ESOP s sponsoring company, the selling shareholder and participants… …
13share incentive plan — Formerly known as the all employee share ownership plan (AESOP). Introduced by the Finance Act 2000, a plan under which shares are held by a trustee on behalf of an employee under the terms of a HM Revenue & Customs (HMRC) approved trust and all… …
14Leveraged Employee Stock Ownership Plan - LESOP — An equity compensation system in which the sponsoring company typically leverages its credit to borrow money, which it then uses to fund the plan, in order to purchase company shares from the company s treasury. The shares are used for the… …
15Share Incentive Plan — The Share Incentive Plan (the ‘SIP’) was first introduced in the UK in 2000. SIP s are an HMRC (Her Majesty s Revenue Customs) approved, tax efficient all employee plan, which provides companies with the flexibility to tailor the plan to meet… …
16employee participation — emˌployee partiˈcipation noun [uncountable] HUMAN RESOURCES 1. another name for employee involvement: • The company also encourages employee participation in this process through small groups in which workers discuss ideas. 2. another name for… …
17plan — ▪ I. plan plan 1 [plæn] verb planned PTandPPX planning PRESPARTX 1. [intransitive, transitive] to think carefully about something you want to do in the future, and decide exactly how you will do it: • We ve been planning this …
18share incentive scheme — Any scheme in which employees who achieve personal or group performance targets are rewarded with shares in the company. There are many different types of scheme. In recent years, some companies have been severely criticized by shareholders for… …
19share incentive scheme — Any scheme in which employees who achieve personal or group performance targets are rewarded with shares in the company. There are many different types of scheme. In recent years, some companies have been severely criticized by shareholders for… …
20employee participation — 1) The encouragement of motivation in a workforce by giving shares in the company to employees. Employee shareholding (see employee share ownership plan) can be an important factor in improving industrial relations. 2) The appointment to a board… …
