Employee Stock Ownership Plans: Who Benefits Most in Closely Held Companies? : Report to the Committee on Finance, United States SenateUnited States General Accounting Office, 1980 - Broj stranica: 52 |
Uobičajeni izrazi i fraze
13 closely held approach assets assure board of directors book value capitalized earnings closely held companies closely held employer closely-held companies we reviewed companies whose ESOPS company stock distributed computed Congress defined contribution plans develop discount employee motivation Employee Stock Ownership enactment of ERISA enforcement ESOP committee ESOP motivation ESOP operations ESOP participants ESOP regulations ESOP transactions ESOPS we reviewed exempt loan fair market value faith determination firms guidance guidelines for valuing held employer stock implementing individual account plans Internal Revenue Code Internal Revenue Service Labor and Treasury Labor officials motivation and productivity party-in-interest pass voting rights pension plan plan fiduciaries plan participants ployee price/earnings ratio problems put option qualifying employer securities recognized market recommend relevant factors repurchase Revenue Ruling 59-60 scrutiny of ESOP Secretaries of Labor sold or contributed stock of closely Stock Ownership Plans tion transactions involving Treasury Stock value of stock valuing stock
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Stranica 9 - ... listed on an exchange and by reason of the absence of sales thereof, cannot be determined with reference to bid and asked prices or with reference to sales prices the value thereof shall be determined...
Stranica 9 - The economic outlook in general and the condition and outlook of the specific industry in particular.
Stranica 45 - Put option. A qualifying employer security acquired with the proceeds of an exempt loan by an ESOP after September 30, 1976, must be subject to a put option if it is not publicly traded when distributed or if it is subject to a trading limitation when distributed. For purposes of this paragraph, a "trading limitation...
Stranica 9 - The market price of stocks of corporations engaged in the same or a similar line of business having their stocks actively traded in a free and open market, either on an exchange or over-the-counter.
Stranica 2 - ... sale or exchange, or leasing, of any property between the plan and a party in interest...
Stranica 2 - Subject to sections 403 (c) and (d), 4042, and 4044, a fiduciary shall discharge his duties with respect to a plan solely in the interest of the participants and beneficiaries and — (A) for the exclusive purpose of: (i) providing benefits to participants and their beneficiaries; and (ii) defraying reasonable expenses of administering the plan...
Stranica 29 - ... beneficiaries of the plan, and (B) such loan is at an interest rate which is not in excess of a reasonable rate.
Stranica 25 - ... entitled to direct the plan as to the manner in which voting rights under employer securities which are allocated to the account of...