Guam Employee Stock Ownership Plan of Franklin Savings Bank - Detailed
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How to fill out Employee Stock Ownership Plan Of Franklin Savings Bank - Detailed?
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FAQ
ESOP stands for employee stock ownership plan. An ESOP grants company stock to employees, often based on the duration of their employment. Typically, it is part of a compensation package, where shares will vest over a period of time.
On the effective date of the reorganization, Franklin Savings Bank will be a stock bank that is wholly-owned by Franklin Bancorp, MHC, Franklin, New Hampshire.
ESOP as an Exit or Succession Planning Strategy An exit strategy that involves an ESOP is more of a business succession strategy than a clean break. By selling the company to employees, owners essentially get to choose their buyers and they get to leave a legacy to their employees.