ESOP (Employee Stock Ownership Plan)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:employee_benefit_plan
gptkbp:abbreviation	gptkb:Employee_Stock_Ownership_Plan
gptkbp:allows	employees to acquire company stock
gptkbp:alsoKnownAs	employee share ownership plan
gptkbp:benefit	tax advantages for companies tax advantages for employees
gptkbp:canBe	employee motivation employee retention business succession
gptkbp:canBorrowFunds	to purchase company shares
gptkbp:commonIn	public companies private companies
gptkbp:createdBy	gptkb:Louis_O._Kelso
gptkbp:establishedBy	gptkb:Employee_Retirement_Income_Security_Act_(ERISA)
gptkbp:introducedIn	1974
gptkbp:originatedIn	gptkb:United_States
gptkbp:purpose	provide employees with ownership interest in the company
gptkbp:regulates	gptkb:Internal_Revenue_Service gptkb:U.S._Department_of_Labor
gptkbp:relatedTo	corporate finance succession planning employee ownership
gptkbp:requires	valuation of company stock
gptkbp:subject	annual reporting requirements fiduciary standards
gptkbp:type	gptkb:retirement_plan qualified defined-contribution plan
gptkbp:usedIn	gptkb:United_States
gptkbp:bfsParent	gptkb:Louis_O._Kelso
gptkbp:bfsLayer	7
http://www.w3.org/2000/01/rdf-schema#label	ESOP (Employee Stock Ownership Plan)