Leveraged Employee Stock Ownership Plan - LESOP
Typically, companies choose to use stock ownership plans or equity compensation systems in order to tie a portion of their employees' interests to the bottom-line share price performance of the company's stock. In this way, all employees who participate in the plan have an incentive to make sure the company's operations run as smoothly as possible. By leveraging the company's assets to fuel a LESOP plan, the business is able to provide for its stock ownership plan without immediately putting up all the capital required to do so.
Investment dictionary. Academic. 2012.
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