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

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"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 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):

(Definition of “employee share ownership plan” from the Cambridge Business English Dictionary © Cambridge University Press)