SCENARIO 5-1
Your corporation has decided to let employees purchase stock in an employee stock ownership plan (ESOP).Each employee will have the opportunity to have a certain percentage of his or her pay put into an account to purchase stock in the company.
Employees will probably be able to hold and/or sell their stock whenever they like.

Question

Quizplus · Accepted Answer

In an ESOP, employees typically have restrictions on when they can sell their stock, often needing to wait until they leave the company or reach a certain age.

SCENARIO 5-1 Your Corporation Has Decided to Let Employees Purchase Stock in Stock