What is another word for employee stock ownership plan?
Pronunciation: [ɛmplˈɔ͡ɪiː stˈɒk ˈə͡ʊnəʃˌɪp plˈan] (IPA) 
An employee stock ownership plan (ESOP) is a program wherein employees are given partial ownership of the company. However, there are other terms that can be used to refer to this type of program. One of the common synonyms for an ESOP is a stock purchase plan, which is a program that allows employees to purchase shares of their company at a discounted price. Another synonym is a profit-sharing plan, which is a type of benefit plan that gives employees a share of the company's profits. Other terms include an employee share ownership plan, employee equity plan, and employee stock purchase program. Regardless of the terminology used, the goal of these programs is to provide employees with a sense of ownership and incentive to work harder for the company's success.
