employee share ownership trust
A term used to describe an employee benefit trust.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • employee share ownership trust — ESOT A trust set up by a UK company, under the provisions introduced in 1989, to acquire shares in the company and distribute them to the employees. The company s payments to the trust are tax deductible. The trust deed sets out the specified… …   Big dictionary of business and management

  • employee share ownership trust — ESOT A trust set up by a UK company, under the provisions introduced in 1989, to acquire shares in the company and distribute them to the employees. The company s payments to the trust are tax deductible. The trust deed sets out the specified… …   Accounting dictionary

  • Employee Share Ownership Trust - ESOT — A program that facilitates the acquisition and distribution of a company s shares to its employees. ESOTs are trust accounts with which a company can sell its shares to employees. Some reasons to provide the ESOT include the following: 1. The… …   Investment dictionary

  • qualifying employee share ownership trust — (QUEST) A statutory employee share trust (as opposed to a common law ESOP trust). Employee share trusts are discretionary trusts, the beneficiaries of which are employees and former employees of the company establishing the trust and, if the… …   Law dictionary

  • employee share ownership plan — (ESOP) A discretionary trust, normally for the benefit of employees, ex employees and dependants. Used to supply shares on the exercise of share options as an alternative to issuing new shares. Also used in conjunction with long term incentive… …   Law dictionary

  • employee share ownership plan — ESOP A method of providing the employees of a company with shares in the company. The ESOP buys shares in its sponsoring company, usually with assistance from the company concerned. The shares are ultimately made available to employees, usually… …   Accounting dictionary

  • employee share ownership plan — ESOP A method of providing the employees of a company with shares in the company. The ESOP buys shares in its sponsoring company, usually with assistance from the company concerned. The shares are ultimately made available to employees, usually… …   Big dictionary of business and management

  • employee share ownership plan — UK US noun [C] UK (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): »An employee share… …   Financial and business terms

  • Employee Share Owner Trusts — Employee share ownership plans (ESOT s) are based on an Employee Benefits Trust (EBT). They are established by a company, the beneficiaries being directors and employees of the company. The ESOP is used a vehicle for acquiring and storing shares… …   Law dictionary

  • employee stock ownership plan — ( ESOP) A company contributes to a trust fund that buys stock on behalf of employees. Bloomberg Financial Dictionary * * * Employee Stock Ownership Plan Employee Stock Ownership Plan ➔ ESOP * * * employee stock ownership plan UK US noun [C] (UK… …   Financial and business terms

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