A profit-sharing plan that delivers benefits to employees in the form of stock instead of cash.
A plan established and maintained by an employer to provide benefits similar to those of a profit-sharing plan, except that the contributions by the employer are not necessarily dependent upon profits and the benefits are distributable in stock of the employer company. For the purpose of allocating and distributing the stock of the employer that is to be shared among employees or their beneficiaries, such a plan is subject to the same requirements as a profit-sharing plan.
A plan used as an incentive that rewards employee performance with stock in the company.
Type of Profit Sharing Plan where contributions are made in the form of company stock.
a qualified employer plan similar to a profit sharing plan
A defined contribution plan that is similar to a profit sharing plan except that benefit payments generally must be made available in the form of employer company stock. See also "Profit Sharing Plan" and "Employee Stock Ownership Plan."
This plan is funded by shares of the company's stock.
A defined contribution plan in which company contributions are distributable in the form of company stock.
A defined contribution plan with contributions by the employer only or by the employer and employee. Contributions are put into a separate trust fund. Once the employee retires or leaves the company, eligible employees receive distributions in the form of company stock or cash.
A type of employee benefit savings plan that is funded primarily by employer contributions and that provides benefits in the form of shares of company stock.
An employee-benefit plan whereby part of the employees' compensation is in the form of the employer's stock. Most stock bonus plans are maintained in the same fashion as profit-sharing plans, but the employer's stock contributions are not necessarily related to profits. As with profit-sharing plans, employer contributions are most often discretionary, and the plan may not be intended as a retirement plan.