Elaine, the HR manager at Western Enterprises, will get stock distributed to her from a trust when she retires. This is known as a(n):

Question

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C)Employee stock ownership plans (ESOP)are company-wide plans in which the employer contributes shares of its own stock (or cash to be used to purchase such stock)to a trust established to purchase shares of the firm's stock for employees. The trust holds the stock in individual employee accounts. It then distributes the stock to employees upon retirement.

Elaine, the HR Manager at Western Enterprises, Will Get Stock