The Conscious Company Glossary

Employee Stock Ownership Plan (ESOP)

A program that provides employees with shares of the company they work for, usually through a third-party trust, and often at no upfront cost to the employee. Unlike in a  cooperative, the employees don’t directly own shares and typically don’t gain voting rights in the company. Employees typically receive the cash value of the shares in their account when they leave the company.

4 Good Reasons Your Company Should Consider an ESOP

10 Inspiring Employee-Owned Businesses You Should Know

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