Divorce Dex.com: ESOP

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Definition ESOP - an employe stock ownership plan.

Application in Divorce ESOPs are a type of qualified profit sharing plan investing in the stock of the employer’s company.

Generally, the employer puts stock in a trust and receives a fair market value deduction for the contribution. Generally, the employee receives no income until the stock after its distribution to him or her until retirement or separation from the company.

ESOPs are marital property.

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