Employee share ownership plans /
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| Author / Creator: | Phillips, Perry, 1951- |
|---|---|
| Imprint: | Toronto ; New York : J. Wiley, 2001. |
| Language: | English |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/4602946 |
Table of Contents:
- Foreword
- Acknowledgements
- Introduction
- Chapter 1. What is an ESOP?
- The Three Types of ESOP
- The Importance of Equity Types
- Conclusion
- Chapter 2. ESOP Objective
- A Convergence of Trends
- Attracting and Retaining Motivated Workers
- Jobs in Productivity and Profitability
- ESOPs and Succession Planning
- ESOPs and Business Financing
- ESOPs and Retirement Planning
- Spreading the Wealth
- Checklist for ESOP Candidates
- The ESOP Transformation Process: An Overview
- ESOP Goals and Strategies
- Time to Complete
- The ESOP Team
- Plan Design
- Transition to an ESOP Culture
- Conclusion
- Chapter 3. Designing ESOPs
- Where Do the Shares Come From?
- Number of Shares
- Stock Splits
- Corporate Structure
- Employee Eligibility
- Allocation Formula
- Vesting
- Buyout Provisions
- Share Acquisitions
- Portion of Ownership
- Financing
- Administration
- Communication
- Communication Issues for Multi-Site, Multi-Target Audiences
- The ESOP Team
- Troubleshooting
- Conclusion
- Chapter 4. Financing ESOPs
- Employee Financing
- Conclusion
- Chapter 5. Business Valuations and ESOPs
- Valuation Terms
- Going Concerns Versus Liquidation
- Approaches to Value
- Methodologies
- Capitalization of Earnings
- Capitalization of Cash Flows
- Discounted Cash Flow
- Asset Values
- Tax Shield
- Rules of Thumb
- Correlation of Values
- Sanity Tests
- Shareholders' Agreements
- Valuation Issues in a Shareholders'Agreement
- Employee Share Ownership Plans and Special Valuation Issues
- Maximizing Shareholder Value
- Improving Financial Position
- Reduce Industry and Company Risk
- Convert Personal Goodwill into Commercial Goodwill
- Selling Cycle
- Tax Planning
- Conclusion
- Chapter 6. ESOPs and Income Tax
- Types of Participation
- Methods of Ownership
- Strategies for the $500,000 Capital Gains Exemption
- Financing
- Taxation of Dividends
- Treatment of Capital Gains and Losses
- Disposition of Shares
- Going Public
- Corporate Deductions for ESOPs
- Canadian Controlled Private Corporation Status
- Salary Deferral Arrangements
- Conclusion
- Chapter 7. ESOP Legal Requirements
- Different Objectives--Different Legal Implications
- Federal and Provincial Governments
- Specific Legal Issues Related to an ESOP
- Financial Assistance
- Ownership Issues
- CBCA and OBCA
- Perpetuities and Restraint on Alienation
- Transferring and Assignment of Shares
- ESOP Legal Design Issues
- Downside-Protection Schemes
- Potential for Non-Employee Shareholder Reprisal
- Potential for Employee Reprisal
- Shareholders' Agreement
- ESOP Holding Companies
- Conclusion
- Chapter 8. Administration and Communication
- Fostering an Ownership Mentality
- Communicating Ownership
- Participation
- Twelve Successful Strategies for Creating a Participative Environment
- Training
- Conclusion
- Chapter 9. Post-ESOP Issues
- Profit-Sharing and Open-Book Management
- Definition and Types of Profit-Sharing Plans
- Conditions Required Before Starting
- Strategic Issues for Management
- Major Design Issues
- Open-Book Management
- Transition Issues
- Conclusion
- Chapter 10. International ESOPs
- Special ESOP Issues
- Approaches to Cross-Border ESOPs
- Employee Ownership in Canada
- Employee Ownership in the United States
- How a Leveraged ESOP Works
- Tax Benefits
- How Employees Own Stock Through ESOPs
- How the ESOP is Governed
- What Kind of Employer Stock Must the ESOP Hold
- Equity Compensation Plans
- What is a Stock Option?
- Exercise and Vesting Schedule
- How the Stock Price is Determined
- Type of Stock Options
- Employee Stock Purchase Plans
- ESOPs' Corporate Performance
- Employee Share Option Plans in the United Kingdom
- Recent Developments
- Appendix I. Case Studies
- Appendix II. Sample ESOP Engagement Letter
- Appendix III. Sample ESOP Questionnaire
- Appendix IV. Frequently Asked Questions
- Appendix V. Employee Blueprint
- Appendix VI. Shareholders' Agreement
- Appendix VII. Sources, Web Sites, and More
- Appendix VIII. Institutions
- Appendix IX. List of ESOP Professionals
- Index
