Labor Day
Labor Day is celebrated on this specific day in September each year
What is the first Monday in September?
The 4 P’s of Employee Ownership
What is Participant, Partner, and Principal, and Patron
This ancient Celtic festival, marking the end of the harvest season and the beginning of winter, is considered a precursor to modern Halloween
What is Samhain?
When a company sets up an ESOP, this process involves determining the value of the company shares to be allocated
What is valuation
In many cities, this type of event is commonly held to celebrate Labor Day
What is a parade?
This city hosted the first Labor Day parade on September 5, 1882, where workers marched in support of labor rights
What is New York City?
Every quarterly meeting begins with a financial performance review focused on this "Northstar" Metric
What is EBITDA (earnings before interest, taxes, depreciation and amortization)
This type of moon occurs closest to the autumn equinox
What is the Harvest Moon?
An ESOP is primarily aimed at providing employees with these, representing their ownership stake
What are shares or stock
Wearing this color of clothing after Labor Day was once considered a fashion faux pas
What is white?
Labor Day became a federal holiday in this year
What is 1894?
Unlike traditional stock options, this employee ownership program offers workers stock at no upfront cost, often as part of a broader retirement benefit
What is an Employee Stock Ownership Plan (ESOP)
This phenomenon, typically observed in autumn in northern regions, is caused by increased ionization in the Earth's upper atmosphere due to solar wind
What are the Northern Lights (Aurora Borealis)?
Santanna's ESOP Administrator
What is Principal
Labor Day honors this group of people who contribute to the economic strength of the nation
Who are workers?
This U.S. President signed the bill making Labor Day a national holiday
Who is Grover Cleveland?
Once they meet this milestone, often tied to age or years of service, employees can begin to receive distributions from their ESOP accounts
What is retirement or eligibility?
This natural event, marking the official start of fall, usually happens on or around
What is the autumn equinox?
This term refers to the schedule over which employees earn the right to receive the full benefit of their allocated shares
What is the vesting schedule
The labor movement aimed to achieve this standard of work, promoting an even amount of hours of work, rest, and leisure
What is an 8-hour workday?
This labor union leader is often credited with proposing the idea of a Labor Day holiday
Who is Peter J. McGuire?
In an ESOP, the exercising of rights attached to the shares, such as voting, is usually overseen by this individual or group
What is the ESOP trustee?
This category of tree has it’s leaves change color and fall off every year in fall
What is deciduous?
This term refers to the process by which employees exchange their ESOP shares for cash, typically upon retirement or termination
What is cashing out or distribution?
This 1938 U.S. federal law, still in effect today, established minimum wage, overtime pay eligibility, and child labor standards
What is the Fair Labor Standards Act?