employee share ownership plan Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “employee share ownership plan” in the English Dictionary

"employee share ownership plan" in Business English

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employee share ownership plannoun [C]

uk   us   UK ( abbreviation ESOP, US employee stock ownership plan) FINANCE, HR
a benefitsplan in which ​employees own a ​percentage of their company’s ​shares, which are ​bought and ​managed for them by a trust (= ​separateorganization): An ​employeeshareownershipplandistributes 5% of pre-tax ​profits among 29,000 ​eligibleemployees.
(Definition of employee share ownership plan from the Cambridge Business English Dictionary © Cambridge University Press)
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