The number of hours of service required each year to qualify for ESOP benefits that year...
What is 1,000 hours?
Any of these four events allow for distribution...
What is termination, disability, death, or retirement?
The year in which the Employee Retirement Income Security Act (ESOP law) was put into place...
What is 1974?
These three things are listed under the ESOP tab on the employee website...
What is summary plan description, distribution form, and submit a question?
This is the number of uninterrupted years of service you must work to become fully vested...
What is 6?
The age and number of years of participation when you are given the option to diversify...
What is 55 and 10 years of participation?
This is who regulates ESOP's in the U.S...
Who is the IRS and Department of Labor?
The full meaning of SDS...
What is Shrinking Diamond Syndrome?
This is the amount of money you pay out of pocket annually to ESOP...
What is 0? (zero)
This is how the company converts yours stock shares to cash...
What is re-purchase obligation?
The number of ESOP's currently in place in the U.S...
What is 10,000?
This is the age at which you qualify for the ESOP...
What is 21?
The employee can exercise the & require company to re-purchase shares at current fair market value...
What is put-option?
This is the day you enter the ESOP (once meeting the eligibility requirements)...
What is 1st day of the plan year (in which you meet the eligibility requirements)...