Employee stock ownership plans (ESOPs) :

A) are types of broad-based stock ownership plans
B) grant shares of stock to employees as a means of long-term savings and retirement
C) usually do not link stocks that can be purchased to individual or group performance indicators
D) vary in when payments are made
E) are accurately described by all of the above

Employee Stock Ownership

A program in which employees own a stake in the company's stock, often aimed at improving employee engagement and loyalty.

Broad-Based Stock

An equity compensation strategy that grants stock options or restricted stock to a wide range of employees within a company, not just top executives.

Long-Term Savings

Financial resources that are saved or invested with the intention of being used many years in the future, often for retirement or other significant life events.