Definitions for "stock purchase plan"
A plan that is, in effect, a management stock purchase plan. It allows senior management or other key personnel to purchase stock in the business. There are, however, certain restrictions (1) the stockholder must be employed for a certain period of time, (2) the business has the right to buy back the stock, (3) stockholders cannot sell the stock for a defined period of time.
A program under which employees buy shares in the company’s stock, with the company contributing a specific amount for each unit of employee contribution. Also, stock may be offered at a fixed price (usually below market) and paid for in full by the employees. Benefits are distributed in stock of the employing company.
same as Employee Stock Ownership Plan
A trust established by a corporate which acts as a tax-qualified, defined-contribution...