Turnaround

Turnaround: In industrial relations, turnaround may be defined as an engineering event during which a new plan is installed, existing plant overhauled and redundant plan removed.

Phantom Equity

Phantom Equity: It refers to plans such as phantom stock or stock appreciation rights (SARs) that provide employees with a payout, usually in cash, based on the increase in the company’s stock value.

ESOP

ESOP: It is a type of tax-qualified employee benefit plan in which most or all of the assets are invested in the employer’s stock.