Employee stock ownership plans ESOPs

{
  "id": "MLC-T-FIN-000134",
  "term": "Employee stock ownership plans ESOPs",
  "field": "Finance and investing",
  "term_source": "Employee Stock Ownership Plans ESOPs",
  "definition": "An employee stock ownership plan (ESOP) is a retirement plan in which an employer contributes its stock to the plan for the benefit of the company’s employees. This type of plan should not be confused with employee stock option plans, which give employees the right to buy their company’s stock at a set price after a certain period of time.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/employee-stock-ownership-plans-esops/"
}