Month: September 2025

Employee Stock Ownership Plans (ESOPs) in the U.S. are more than retirement tools—they give employees a stake in their company, aligning personal interests with growth and fostering loyalty and accountability. Established under Section 4975(e)(7) of the Internal Revenue Code in 1974, ESOPs have become a cornerstone of American employee ownership, driving engagement, retention, and cultural...

When terms like “amendment” or “variation” appear in the context of an ESOP scheme, the natural question  is Are we talking about a regulatory change, or a change in the actual terms of the Scheme? The answer lies in distinguishing between: Regulatory or administrative updates, and Material changes in scheme terms like eligibility, vesting, or...