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BenefitsLink Message Boards > Retirement Plans > Employee Stock Ownership Plans (ESOPs)
Lawrenceg
Feb 20 2007, 02:16 PM
An ESOP with an outstanding loan is being terminated.Does the outstanding loan amount go against the stock valuation? Or more simply put , the company pays out the value of the stock less any outstanding loan obligations. Is this correct?
RLL
Feb 21 2007, 09:10 PM
What do the ESOP plan documents and the ESOP loan documents say about this?
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