An employee stock ownership plan is an employee-owner program that provides a company's workforce with an ownership interest in the company. In an ESOP, companies provide their employees with stock ownership, often at no upfront cost to the employees. ESOP shares, however, are part of employees' remuneration for work performed. Shares are allocated to employees and may be held in an ESOP trust until the employee retires or leaves the company. The shares are then either bought back by the company
The Plan of Action and Milestones (POA&M) is a remedial action plan (the process of accepting or resolving a risk) which helps the agency to identify and assess information system security and privacy weaknesses, set priorities, and monitor progress toward mitigating the weaknesses.4 A
action plan. A sequence of steps that must be taken, or activities that must be performed well, for a strategy to succeed. An action plan has three major elements (1) Specific tasks: what will be done and by whom. (2) Time horizon: when will it be done. (3) Resource allocation: what specific funds are available for specific activities.