The company has been completely owned by its employee stock ownership plan (ESOP) since 1988.
The extension will permit the company to replace 3.4 million shares recently sold to the trustees of the company's employee stock ownership plans.
ESOPs, like the other employee stock ownership methods, can improve your bottom line through employees' heightened awareness and vested interest in helping the company be successful.
The shares offered today were sold by the trustee of the company's 1984 employee stock ownership plan.
The company remained employee-owned, originally as a partnership and later as an employee stock ownership plan (ESOP).
A hearing began yesterday in Dayton, Ohio, NCR's hometown, on the validity of the company's recently created employee stock ownership plan.
The poorly structured employee stock ownership plan has also failed to immediately benefit - and thus motivate - workers.
American Standard said that a newly formed employee stock ownership plan would acquire about 20 percent of the company.
Share incentive and bonus schemes which may be linked into employee stock ownership plan (ESOP) trusts.
These profit-sharing, savings and employee stock ownership plans give employees the responsibility for choosing their own investments but do not guarantee a certain benefit.