Employment Stock Ownership Plan

Business
3:58 pm
Fri November 1, 2013

PTL President Establishes Employment Stock Ownership Plan, Keeping Jobs in Murray

Credit www.ptl-inc.com

Paschall Truck Lines President and CEO Randall Waller is putting all of the company’s stock into an Employment Stock Ownership Plan, or ESOP, that will keep the headquarters and jobs in Murray.

An ESOP provides employees with stock ownership through a trust, in this case with First Bankers Trust Services.

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