: a program by which a corporation's employees acquire its stock
Examples of ESOP in a Sentence
Recent Examples on the WebIn 2017, the company sold itself to its employees, through a financial transaction known as an ESOP (Employee Stock Ownership Plan).—Emma Goldberg, New York Times, 10 Feb. 2024 The company has 19,000 employees and about 23% of the company is owned by full-time employees in an ESOP.—Maria Halkias, Dallas News, 28 June 2023 An owner can enjoy several tax advantages when employing an ESOP, including postponing or avoiding capital gains tax on the sale of stock, reducing or eliminating the corporate income tax and using cash dividends paid on ESOP stock as a tax deduction.—Gerry Spitzer, Forbes, 20 Apr. 2023 Razorpay is spending $75 million on its biggest employee stock ownership plan (ESOP) buyback yet.—Ananya Bhattacharya, Quartz, 12 May 2022
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'ESOP.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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