Unlocking the Power of ESOPs_ A Guide for Employees and Employers
Employee Stock Ownership Plans, commonly known as ESOPs, are a type of employee benefit plan that offers company stock to employees as a form of ownership. ESOPs are designed to provide employees with a stake in the company's success and align their interests with those of the employer. Under an ESOP, employees are granted shares of stock, typically at no cost or a discounted price, and can eventually sell their shares for a profit.
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