{"id":37,"date":"2023-08-16T21:59:26","date_gmt":"2023-08-16T21:59:26","guid":{"rendered":"https:\/\/westvirginiaschoice.com\/?page_id=37"},"modified":"2023-08-23T17:10:49","modified_gmt":"2023-08-23T17:10:49","slug":"employee-stock-ownership-plan-esop","status":"publish","type":"page","link":"https:\/\/westvirginiaschoice.com\/employee-stock-ownership-plan-esop\/","title":{"rendered":"Employee Stock Ownership Plan (ESOP)"},"content":{"rendered":"<h2 style=\"background-color:#ededed; padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--20);margin-top:var(--wp--preset--spacing--50);margin-bottom:var(--wp--preset--spacing--50); font-size:25px;\" class=\"has-background wp-block-post-title\">Employee Stock Ownership Plan (ESOP)<\/h2>\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><em>We are now 100% EMPLOYEE OWNED!<\/em><\/h3>\n\n\n\n<p><strong>What does that mean?<\/strong><\/p>\n\n\n\n<p>Employee Owned or Employee Stock Ownership Plan (ESOP) is a type of wealth building\/retirement benefit plan that gives employees shares in the company.<\/p>\n\n\n\n<ul>\n<li>Provided at NO COST TO YOU<\/li>\n\n\n\n<li>A long-term benefit for all employees<\/li>\n\n\n\n<li>Stock value based on business performance<\/li>\n\n\n\n<li>THE BETTER WE DO, THE MORE YOUR STOCK IS WORTH<\/li>\n<\/ul>\n\n\n\n<p><strong>Why?<\/strong><\/p>\n\n\n\n<ul>\n<li>To secure our company\u2019s future for both employees &amp; clients<\/li>\n\n\n\n<li>To maintain our independence and local ownership<\/li>\n\n\n\n<li>To reward employees for their efforts building our success<\/li>\n<\/ul>\n\n\n\n<p><strong>How do I qualify?<\/strong><\/p>\n\n\n\n<ul>\n<li>Be at least 21 years of age<\/li>\n\n\n\n<li>Be employed for one year<\/li>\n\n\n\n<li>Work at least a 1,000 hours during that year<\/li>\n<\/ul>\n\n\n\n<p><strong>What does vesting mean and how does it affect my account?<\/strong><\/p>\n\n\n\n<ul>\n<li>Fully vested (100%) means the value of your ESOP is completely yours<\/li>\n\n\n\n<li>You become 100% vested over a 6 year period<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Years of Service<\/th><th>Vesting Percentage<\/th><th>Years<\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>0%<\/td><td>1\/1\/2018 \u2013 12\/31\/2018<\/td><\/tr><tr><td>2<\/td><td>20%<\/td><td>1\/1\/2019 \u2013 12\/31\/2019<\/td><\/tr><tr><td>3<\/td><td>40%<\/td><td>1\/1\/2020 \u2013 12\/31\/2020<\/td><\/tr><tr><td>4<\/td><td>60%<\/td><td>1\/1\/2021 \u2013 12\/31\/2021<\/td><\/tr><tr><td>5<\/td><td>80%<\/td><td>1\/1\/2022 \u2013 12\/31\/2022<\/td><\/tr><tr><td>6<\/td><td>100%<\/td><td>1\/1\/2023 \u2013 12\/31\/2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>If you have you any questions, please contact the HR Department at (304) 291-9066.<br>You may also go to\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.esopinfo.org\/\" target=\"_blank\">www.esopinfo.org<\/a><\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>We are now 100% EMPLOYEE OWNED! What does that mean? Employee Owned or Employee Stock Ownership Plan (ESOP) is a type of wealth building\/retirement benefit plan that gives employees shares in the company. Why? How do I qualify? What does vesting mean and how does it affect my account? Years of Service Vesting Percentage Years [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"John","author_link":"https:\/\/westvirginiaschoice.com\/author\/john\/"},"uagb_comment_info":0,"uagb_excerpt":"We are now 100% EMPLOYEE OWNED! What does that mean? Employee Owned or Employee Stock Ownership Plan (ESOP) is a type of wealth building\/retirement benefit plan that gives employees shares in the company. Why? How do I qualify? What does vesting mean and how does it affect my account? Years of Service Vesting Percentage Years&hellip;","_links":{"self":[{"href":"https:\/\/westvirginiaschoice.com\/wp-json\/wp\/v2\/pages\/37"}],"collection":[{"href":"https:\/\/westvirginiaschoice.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/westvirginiaschoice.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/westvirginiaschoice.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/westvirginiaschoice.com\/wp-json\/wp\/v2\/comments?post=37"}],"version-history":[{"count":6,"href":"https:\/\/westvirginiaschoice.com\/wp-json\/wp\/v2\/pages\/37\/revisions"}],"predecessor-version":[{"id":95,"href":"https:\/\/westvirginiaschoice.com\/wp-json\/wp\/v2\/pages\/37\/revisions\/95"}],"wp:attachment":[{"href":"https:\/\/westvirginiaschoice.com\/wp-json\/wp\/v2\/media?parent=37"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}