13-10-2010, 10:42 AM
200410307.ppt (Size: 309 KB / Downloads: 76)
EMPLOYEE STOCK OWNERSHIP PLANS
INTRODUCTION
ESOP is a qualified retirement plan which is designed to invest primarily in the employer’s securities
ESOP may also borrow money and enter into other transactions
Specific provisions ERISA and the Code create very distinct tax incentives for employers to adopt ESOPs