Meaning of the word ESOP in English
What does ESOP mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
ESOP
US /ˈiːsɑːp/
UK /ˈiːsɑːp/
Abbreviation
1.
Employee Stock Ownership Plan: a type of employee benefit plan that gives workers ownership interest in the company
Example:
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The company implemented an ESOP to give employees a stake in its success.
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Many tech startups offer an ESOP as part of their compensation package.
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