vestment period (which can be a waiting year and like 20% per year) so you are not fully vested until your 6th year.
you cannot sell your stock to anyone for most esops you can only cash out when you quit, die, or are @ 55 years of age.
You can roll your money tax free into an IRA or withdrawal and pay income taxes (can only roll after 55)
the companies distribution policy will determine how you get your money these waiting periods can be massive but the company decides it, many are 5 years for anything other than death or 65 year retirement.
its a closed system where stocks are given Generally depending on salary for ammount earned yearly and the company buys them back.
stock valuations are done by a 3rd party to determine share price which could be zero before you withdrawal.
Generally with esops you have a couple of things:
vestment period (which can be a waiting year and like 20% per year) so you are not fully vested until your 6th year.
you cannot sell your stock to anyone for most esops you can only cash out when you quit, die, or are @ 55 years of age.
You can roll your money tax free into an IRA or withdrawal and pay income taxes (can only roll after 55)
the companies distribution policy will determine how you get your money these waiting periods can be massive but the company decides it, many are 5 years for anything other than death or 65 year retirement.
its a closed system where stocks are given Generally depending on salary for ammount earned yearly and the company buys them back.
stock valuations are done by a 3rd party to determine share price which could be zero before you withdrawal.