Definition of Trustee on The Grid Glossary

Definition

An EO trustee (ESOP or EOT) represents the participants in the negotiation to sell the company to the EO, and manages annual valuations and other duties, taking care of all the work and oversight of the EO on behalf of the participants.

#EO Litigation

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What are the motivations of third party buyers?What are the different types of employee ownership?What are the three primary business valuation approaches and how do they differ?What are the pros and cons of selling a business to an ESOP?What is an employee stock ownership plan (ESOP)?What should a new ESOP company do in its first 90 days and first year?What is an Employee Ownership Trust (EOT)?Does the ESOP trustee have a fiduciary duty to participants if management also participates in the plan?What regulator requires employee ownership transactions to be executed at fair market value?

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