An employee stock ownership, profit-sharing, or pension plan financed by borrowed money. This allows a company to tie employees' benefits to the performance of the company, as well as ensure that ownership and control remains with people who have a vested interest in the company's long-term viability. Loans are paid down over time through annual contributions made by the company.
Related information about Leveraged Employee Stock Ownership Plan (LESOP):
- Leveraged Employee Stock Ownership Plan (LESOP ... - Investopedia
An equity compensation system in which the sponsoring company typically leverages its credit to borrow money, which it then uses to fund the plan, in order to ...
- Leveraged Employee Stock Ownership Plan - LESOP - Answers.com
employee stock ownership plan (ESOP) in which employee pension plans and profit-sharing plans borrow money to purchase stock in the company or issue ...
- What is Leveraged Employee Stock Ownership Plan (LESOP ...
Definition of Leveraged Employee Stock Ownership Plan (LESOP): An employee stock ownership, profit-sharing, or pension plan financed by borrowed money.
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A qualified stock bonus plan or a qualified stock bonus and money purchase plan . Like a stock bonus plan, the contributions need not be dependent on profits, ...
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Leveraged Employee Stock Ownership Plan LESOP.
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Keogh (HR 10)- For Sole Proprietorships & Partnerships. Employee Stock Ownership Plan (ESOP). Leveraged Employee Stock Ownership Plan (LESOP) ...
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In a sense, the Leveraged Employee Stock Ownership Plan (LESOP) is a form of financing your way out of the business. Once more, you're able to obtain a ...
- Note 22 Employee Benefit Plans | Annual Report 2008 | Chevron
... leveraged employee stock ownership plan (LESOP), which follows. Total company matching contributions to employee accounts within the ESIP were $231, ...