Employee Stock Option Plan (ESOP)
ESOP is an acronym for Employee Stock Option Plan. An ESOP is used to enable employees of a company to acquire ownership in that company without having to invest their own money.
Every year an employee is employed at one of the ORP family of companies, their ownership in the company grows. It is important to note that as each employee's investment increases because of yearly allotments, this investment is not subject to the employee's personal tax responsibility.
The employee has no tax liability until their individual distribution occurs, either at retirement or when leaving employment. Those distribution timetables are pre-established.
ORP is proud to be employee owned. Because our "product" is human services, it is our owners that daily deliver our "product" to each and every individual placed in our care.
Our employee knows that the longer they stay with ORP, the larger their individual investment in the company becomes, both professionally and financially.
ORP's allocations to this ESOP Plan originated in 2002.
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