An Employee Stock Ownership Plan Is an Incentive Plan That

An employee stock ownership plan is an incentive plan that .

A) engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company
B) contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees
C) focuses on the sharing of benefits between employer and employees
D) involves the firm distributing total annual profits each year among employees based on their merit rating
E) provides tax advantages for employees by deferring income taxes, often until the employee retires