Encyclopedia

Special Fund for Employee Stock Ownership


A special employee stock fund — the company's charter may provide for the formation of a special employee stock fund from the company's net profit. The funds are used exclusively for the purchase of shares of the company, sold by shareholders of this company, for subsequent allocation to its employees1.

  1. Federal Law No. 208-FZ dated December 26, 1995 "On Joint Stock Companies", as amended on April 15, 2019, Article 35, paragraph 2 // Official Gazette of the Russian Federation. 1996. No. 1. Art. 1. ↩

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