2007-07-23 09:29:25 · 2 answers · asked by Tim 1 in Business & Finance ➔ Small Business
How is the purchase and sale price usually set?
Can the EBT hold shares itself when there is no buyer
Is there a limit on how many shares in a company it can hold?
Can it sell shares to employees who have no money?
How would it 'interact' with an ESOP scheme if there was one?
Any other mechanics of EBT workings which are important?
2007-07-24 07:52:36 · update #1
Can you give us a bit more information?
2007-07-23 22:35:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Just google it ...
What is an EBT?
An EBT is a trust set up by an employer for the benefit of employees (including directors) and former employees, their spouses and dependants.
Such trusts may be established within or outside the UK under UK or foreign law.
An EBT is normally funded by an initial contribution (usually nominal) plus a series of periodic contributions. Such contributions are at the discretion of the employing company.
As well as receiving contributions from the sponsoring company, the EBT trustees will usually be empowered to augment trust funds by borrowing from the employer or from third parties (banks, etc.) and by accumulating income.
2007-07-27 05:11:19 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋