employee share ownership plan
noun[C]
FINANCE,HRUKukus(abbreviationESOP);(USemployee stock ownership plan)abenefitsplanin whichemployeesown apercentageoftheircompany’sshares, which areboughtandmanagedfor them by atrust(=separateorganization):
Anemployeeshareownershipplandistributes5% of pre-taxprofitsamong 29,000eligibleemployees.
See also
stock incentive plan