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The bill to amend the Fair Labor Standards Act to clarify that option awards do not constitute compensation for overtime calculation purposes is now on a very fast track. The "Worker Economic Opportunity Act" has been endorsed by the Administration and leaders of both parties.

According to a report from Pearl Meyer & Partners based on a study of public stock filings, the largest 200 U.S. companies have reduced the use of options to a median overhang of 12.9% of outstanding shares.

The Vermont Employee Ownership Center's 10th annual conference will be June 8 in Burlington.

In Eyler v. Commissioner, the U.S. Tax Court ruled that a taxpayer (Gary Eyler) must pay a tax of 100% of the transaction plus an additional tax of 5% per year for the five years the tax was delinquent on a $10,000,000 sale to an ESOP.

This gift-giving season, the NCEO has put together another group of ESOP company members offering a variety of gift options.

Our friends at the Vermont Employee Ownership Center are currently hiring a communications and outreach coordinator. The deadline for applying is August 9, with a prospective start date in September. This is an exciting opportunity for somebody in the Burlington area to get involved with one of the most established, successful, and forward-thinking organizations in this space, and we encourage all interested parties to apply.

Over 100 foreign-owned companies in Zimbabwe have set up government-approved plans to share between 5% and 28% of their equity through employee stock ownership trusts that accumulate shares over an employee's tenure with the firm and pay out when they leave.

Over half of the 1400 employees surveyed by E*Trade say stock plan access was an important consideration when changing jobs.

A bumper sticker at an employee-owned company reads: “Happiness is positive cash flow.” So what is cash flow, and how can it create happiness

It can often seem that rules for ESOPs are arbitrary. Understanding the basic concept behind how ESOPs are used to buy all or part of a company from a departing owner can help explain how they got that way.