ESOP Basics
ESOP stands for this.
What is Employee Stock Ownership Plan?
Shares in an ESOP are allocated based on number of these at a company.
What are years?
At the end of the fiscal year, an employee is considered fully vested if they have worked at SLEA for this number of years.
What is 5?
This group of people owns the company in an ESOP.
What is employees?
This term refers to gradually earning rights to the shares in your ESOP account.
What is vesting?
After a year of employment at SLEA, employees are eligible for ESOP shares if they work this number of hours.
What is 1000?
ESOP shares are held in this until the employee is vested or leaves the company.
What is a trust?
This person or entity manages the ESOP trust.
What is trustee?
This is SLEA's share price for 2024.
What is $810?