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Maxwell Agricultural Inc. is a farm implement manufacturing company. It distributes shares of stock to its employees by placing the stock in a trust managed on the employees' behalf. What is Maxwell Agricultural using in this scenario

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Tundexiidn

When the agricultural company distributes its shares of stock to its employees, the scenario is known as Employee Stock Ownership Plan.

Employee Stock Ownership Plan is an example of benefit plan for the employee because the company gives its employees ownership interest in the company.

  • The action for the Employee Stock Ownership Plan is to motivates, retain and rewarding its employees

In conclusion, when company distributes its shares of stock to its employees, the scenario is known as Employee Stock Ownership Plan.

Read more about ESOP:

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