Maxwell agricultural inc. is using Employee Stock Ownership Plan
An employee stock ownership plan (ESOP) is a type of employee benefit plan that gives workers ownership interest in the company they work for. In an ESOP, the company sets up a trust fund that holds shares of the company's stock, and contributions are made to the fund on behalf of the employees. These contributions can come from the company itself or from the employees, and they can be made in cash or in the form of company stock.
Since maxwell agricultural inc. is a farm implement manufacturing company that ideally distributes shares of stock to its employees by placing the stock in a trust managed by the employees, Maxwell agricultural uses an employee stock ownership plan
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