Educational Assistance Plan
A plan set up by the employer on behalf of their employees. It covers a number of educational expenses incurred
on behalf of employees, for which they can avoid recognizing some income.
Electronic Federal Tax Payment Systems (EFTPS)
An electronics funds transfer used by businesses to remit taxes to the government.
Employee
A person who renders services to another entity in exchange for compensation.
Employee Retirement Income Security Act of 1974 (ERISA)
A federal act that sets minimum operational and funding standards for employee benefit plans.
Employee Stock Ownership Plan (ESOP)
A fund containing company stock and owned by employees, paid for by ongoing contributions by the employer.
Employer
A person or entity that directs and oversees services rendered by an individual in exchange for compensation.
Equal Act of 1963
A federal act requiring that both sexes receive equal pay in situations where work requires equal effort, responsibility,
and skills, performed under similar working conditions.
Escalating Price Option
A nonqualified stock option that uses a sliding scale for the option price that changes in concert with a peer group index.
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