NEW YORK — The Federal Reserve Bank of New York approved the application by The Adirondack Trust Company Employee
Stock Ownership Trust, Saratoga Springs, New York, to acquire fifty additional shares of 473 Broadway Holding Corporation and two thousand additional shares of The Adirondack Trust Company, both of Saratoga Springs, New York.
Not exact matches
W. L. Gore, the maker of Gore - Tex, and Publix Super Markets, which operates in the Southeast, are owned by employee
stock ownership plans, wherein a workers»
trust typically borrows money to buy shares that are paid out of company revenues.
Profit sharing provides employees a percent of annual profits in cash or in a deferred profit - sharing
trust.2 Businesses of all sizes in every part of the country and in every industry have policies that provide opportunities for employee
stock ownership, profit sharing, or both with most, if not all, workers.
Upon the completion of this offering and after giving effect to the planned recapitalization of our common
stock into a single class of common
stock and
stock split, SIH will own shares of our outstanding common
stock (representing % of the shares outstanding), our founders and their family
trusts will own an aggregate shares of our outstanding common
stock (representing % of the shares outstanding) and our employees who received shares upon the liquidation of the special purpose employee
ownership vehicle will own shares of our outstanding common
stock under a restricted
stock award (representing % of the shares outstanding), in each case as it relates to the percentage
ownership assuming that the underwriters do not exercise their option to purchase additional shares.
Employee
Stock Ownership Plan - an Employee stock ownership plan is a trust by a corporation to its emplo
Stock Ownership Plan - an Employee stock ownership plan is a trust by a corporation to its e
Ownership Plan - an Employee
stock ownership plan is a trust by a corporation to its emplo
stock ownership plan is a trust by a corporation to its e
ownership plan is a
trust by a corporation to its employees.
Burton G. Malkiel evaluates the full range of investment opportunities from
stocks, bonds, and money markets to real estate investment
trusts and insurance, home
ownership, and tangible assets such as gold and collectibles.
In the employee benefits arena, we represent employers, trustees, plan sponsors, investment advisors and lenders to address Employee Retirement Income Security Act (ERISA) matters, employee
stock ownership plans (ESOPs), pension, health and welfare benefit plans and collectively bargained
trust funds.