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After the employee terminates, the company can make the distribution in shares, cash, or some of both. Cash is paid to the employee directly. Often, company shares are immediately repurchased by the ESOP, and the employee receives cash equivalent to fair market value as determined by the most recent annual valuation.
An ESOP is an employee benefit plan that enables employees to own part or all of the company they work for. at fair market value (unless there's a public market for the shares). So, the employee receives the value of his or her shares from the trust, usually in the form of cash.
The ESOP will set out both the number of shares in the Option Pool and the class of shares it will contain. An Option Pool almost always consists of non-voting shares, so employees will be able to benefit from the growth of the company without having to vote on management issues.
Potential ESOP Disadvantages and Their Counterarguments ESOPs can be expensive? ... ? ... ESOPs are often complex? ... ? ... An ESOP can't pay above fair market value and can't match the higher price a synergistic buyer can offer? ... ? ... ESOPs are inflexible in some respects? ... ?
Employee stock ownership plans (ESOPs) are a type of retirement plan that allows a company?most often a privately held company?to give shares of the business to its employees. Unlike many other types of retirement accounts, employees generally don't contribute to an ESOP. Instead, the company fully funds the benefit.