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What is Employee Stock Ownership Plan (ESOP)? ✓ An employee stock ownership plan (ESOP) is an employee benefit plan that provides workers with a means to acquire ownership interest in the company through the issuance of shares of stock. ✓ This serves to incentivize employees to perform at their best, as the company's success directly translates into financial rewards. ✓ Additionally, such plans serve to enhance employee satisfaction and a sense of appropriate compensation for the work performed.
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GOOD NEWS! Last week, our transition to an ESOP officially cleared its final hurdle with FCC approval, and we're thrilled to share that Amherst Communications is now 100% Employee Owned. Becoming employee-owned means the people who power this organization every day by serving our customers, building and maintaining our network, supporting one another, and representing us in the community now have a direct stake in the company’s long-term success. Employee ownership gives us a strong foundation t
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