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A California based company on a mission to grow the wealth of everyday Americans. Zolidar is the easy button for employee ownership.

👋 Meet Zolid AI

Here to support your company's exit journey — Zolid AI can answer questions and provide insights. Free for now, with fair usage limits.

Your conversations are not shared with others. We may review them to improve Zolid AI.

Ask me anything

Zolid AI may provide inaccurate info, so verify responses.

Definition of ESOP on The Grid Glossary

ESOP

Also known as: Employee Stock Ownership Plan

Published on 2024-10-01 | Last edited on 2024-09-17

Definition

ESOP is a qualified retirement plan that transfer all or a portion of the company's stock into a trust administered on behalf of the employees.