gcrechale
Apr 6 1999, 11:53 PM
In determining ownership, are shares owned by participants in an ESOP considered? For example, if a company stockholder owns 10% of o/s stock and then is allocated an additional 5% in the ESOP plan, is he considered to own 15%? Do voting rights have any effect on this?
Harry O
Apr 7 1999, 09:57 AM
For what purpose are you determining ownership? It makes a difference . . .
gcrechale
Apr 7 1999, 11:19 AM
specifically, we are concerned about ownership percentage in determining highly comp and key employees for testing purposes.
for determination of controlled group status, would the ownership in the esop be considered?
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