Employee Stock Ownership Plans: Theory and Practice |
Common terms and phrases
adoption of ESOPS allocated amount annual appraisal asset attorneys bank book value borrowed capital Chapter clients committee common stock company stock company's conventional financing costs deduction Democratic Capitalism dilution distributed dividends economic EFFECT ON SHAREHOLDERS employee benefit plans Employee Stock Ownership employer contributions employer corporation employer securities equity ERISA Sec ESOP contribution ESOP transaction ESOP trust established Evanston exclusive benefit exemption existing shareholders factors fair market value fees fiduciary funds imprudent income tax increase inflation Internal Revenue Code invest primarily Kelso-ESOP labor lender limited liquidity loan operating owners participants party-in-interest pension plan percent possible potential pre-tax earnings principal payments problem profit-sharing plan profits prohibited transaction prudent man rule purchase stock qualified question registration requirement result Retirement Income Sears Roebuck Sell Stock shares stock bonus plan Stock Ownership Plan substantial Tax Reduction Act tax savings tion TRA-ESOP voting rights wealth workers