Employee Stock Ownership Plan

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:employee_benefit_plan
gptkbp:abbreviation	gptkb:ESOP
gptkbp:allows	employees to acquire company stock
gptkbp:benefit	employee
gptkbp:can_borrow_funds	yes (leveraged ESOP)
gptkbp:canBe	corporate finance employee motivation succession planning employee retention business succession corporate tax deduction
gptkbp:distribution	upon retirement, death, or termination
gptkbp:establishedBy	employer
gptkbp:governedBy	gptkb:Employee_Retirement_Income_Security_Act
gptkbp:notToBeConfusedWith	employee stock purchase plan stock option plan
gptkbp:originatedIn	1950s
gptkbp:ownership_transfer	from employer to employees
gptkbp:popularizedBy	gptkb:Louis_O._Kelso
gptkbp:purpose	provide employees with ownership interest in the company
gptkbp:regulates	gptkb:Internal_Revenue_Service gptkb:U.S._Department_of_Labor
gptkbp:relatedTo	profit sharing plan stock bonus plan
gptkbp:subject	fiduciary responsibility vesting schedule
gptkbp:tax_advantage	tax-deferred contributions
gptkbp:type	gptkb:retirement_plan gptkb:defined_contribution_plan
gptkbp:used_in	gptkb:United_States
gptkbp:bfsParent	gptkb:Louis_O._Kelso
gptkbp:bfsLayer	7
https://www.w3.org/2000/01/rdf-schema#label	Employee Stock Ownership Plan