employee stock ownership plan
noun[C]
FINANCE,HRukus(abbreviationESO);(UKemployee share ownership plan)abenefitsplanin whichemployeesown apercentageoftheircompany’sshares, which areboughtandmanagedfor them by atrust(=separateorganization):
The company’s 12,000employeescontinuetocontrolthecompanythrough anemployeestockownershipprogram, or ESOP.
See also
share incentive plan