ESOP Awards Criteria

CRITERIA FOR ESOP COMPANY OF THE YEAR AND EMPLOYEE OWNER OF THE YEAR AWARDS

ESOP COMPANY OF THE YEAR:

“ESOP Company of the Year” has a commitment to employee ownership as shown by its:

  • Involvement with the ESOP Association and its programs,
  • Communication with employees;
  • Commitment to the Vision of The ESOP Association that endorses employee participation, wealth creation, and individual dignity and worth

The company should be financially solvent and have more than one or two years of ESOP sponsorship. It
is not necessary that the company have any one style of management. More importantly, employees
should feel a sense of ownership and/or that the ESOP is important to the company and to the employees.

EMPLOYEE OWNER OF THE YEAR:

The “Employee Owner of the Year” should be an employee below the level of senior management.
Despite the lack of a firm rule stating the employee owner has to be an hourly or non-management
employee, these two terms can be general guides for the selection process.
The individual should be active in the employee ownership activities of the company and/or activities of
The ESOP Association where appropriate. Examples are:

  • Serving on the ESOP committee or on an employee advisory committee,
  • Contributing to a company publication,
  • Helping with Employee Ownership Month (“EOM”) observances,
  • Leading fellow employees to a better understanding of the ESOP
  • Attending chapter meetings, and/or helping with chapter meetings or activities,
  • Writing a letter to an elected official,
  • Attending Association meetings such as the employee owner retreat, national conference.

The overwhelming criteria should revolve around the person’s overall contribution as a ‘good’ citizen in
the company where he or she works.

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