employee benefit trust — Employee share ownership Trusts (ESOT s) are based on an Employee Benefits Trust (EBT). They are established by a company, the beneficiaries being directors and employees of the company. The ESOP is used a vehicle for acquiring and storing shares … Law dictionary
Employee ownership — occurs when a corporation is owned in whole or in part by its employees. Employees are usually given a share of the corporation after a certain length of employment or they can buy shares at any time. A corporation owned entirely by its employees … Wikipedia
employee share ownership trust — (ESOT) A term used to describe an employee benefit trust. Related links employee share ownership plan (ESOP) Practical Law Dictionary. Glossary of UK, US an … Law dictionary
Employee engagement — is a concept that is generally viewed as managing discretionary effort, that is, when employees have choices, they will act in a way that furthers their organization s interests. An engaged employee is a person who is fully involved in, and… … Wikipedia
Employee Share Owner Trusts — Employee share ownership plans (ESOT s) are based on an Employee Benefits Trust (EBT). They are established by a company, the beneficiaries being directors and employees of the company. The ESOP is used a vehicle for acquiring and storing shares… … Law dictionary
employee share ownership plan — (ESOP) A discretionary trust, normally for the benefit of employees, ex employees and dependants. Used to supply shares on the exercise of share options as an alternative to issuing new shares. Also used in conjunction with long term incentive… … Law dictionary
employee share scheme — a scheme for sharing company profits with employees with the object of conferring on them a participation in the company in the hope of engendering greater commitment from them. Schemes operate either by distributing shares already paid up by the … Law dictionary
employee share schemes — employee share schemes, | share incentive schemes | share option schemes. Share schemes used to recruit, retain and motivate employees (particularly executives) and, in theory, align the executives interests with those of the shareholders. There… … Law dictionary
employee share ownership plan — UK US noun [C] UK (US employee stock ownership plan) FINANCE, HR ► a benefits plan in which employees own a percentage of their company’s shares, which are bought and managed for them by a trust (= separate organization): »An employee share… … Financial and business terms
trust fund recovery penalty — (TFRP) A penalty from the IRS for not paying trust fund taxes, which are taxes a company withholds from an employees paycheck, including Social Security and Medicare taxes and federal income (withholding) taxes. This penalty can be assessed… … Law dictionary
