ESOP
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Employee Stock Ownership Plan
Blue Tee Corp. provides
an employee stock ownership plan (ESOP) which gives
all eligible United States employees an ownership interest
in the Company. This plan is fully funded by the Company
and is provided as a no-cost retirement benefit to eligible
employees.
Blue Tee Corp. is currently 100% employee
owned and as such, is one of the largest ESOP companies
in the nation. Blue Tee Corp. adopted the ESOP to enable
its employees to share in the growth and prosperity
of the Company. Under the ESOP, the Company sets aside
a portion of its stock from which annual allocations
are made to eligible employees. Allocations are based
on each participant's compensation for the plan year.
Participants receive annual statements indicating how
much stock has been allocated to them for the preceding
plan year, as well as the stock's fair market value
at that date as determined by an independent appraiser.
Additional information on the
Blue Tee Corp. ESOP may be obtained from your local
benefits coordinator or contact admin@bluetee.com.
For more information on employee-owned companies, see
the National
Center for Employee Ownership Webpage or the ESOP
Association.
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