Employee stock ownership plans (ESOPs):
A) are types of broad-based stock ownership plans
B) grant shares of stock to employees as a means of long-term savings and retirement
C) usually do not link stocks that can be purchased to individual or group performance indicators
D) vary in when payments are made
E) are accurately described by all of the above

Question

Quizplus · Accepted Answer

ESOPs are types of broad-based stock ownership plans that grant shares of stock to employees as a means of long-term savings and retirement. They usually do not link stocks that can be purchased to individual or group performance indicators, and payments can vary depending on the specifics of the plan. Therefore, all of the above choices accurately describe ESOPs.

Employee Stock Ownership Plans (ESOPs)