ESOP

ESOP Report Magazine publishes article about Acadian Ambulance Service 'overcoming challenges beyond comprehension' in the wake of hurricane Katrina. Download .pdf

An Employee Stock Ownership Plan (ESOP) is an employee benefit plan which makes the employees of a company owners of stock in that company. Several features make ESOPs unique as compared to other employee benefit plans. First, only an ESOP is required by law to invest primarily in the securities of the sponsoring employer. Second, an ESOP is unique among qualified employee benefit plans in its ability to borrow money. As a result, "leveraged ESOPs" may be used as a technique of corporate finance.

Acadian's ESOP Committee Mission Statement

The Acadian Ambulance Service, Inc. ESOP Committee, authorized by the Acadian Ambulance Service, Inc. Board of Directors, and comprised of current employees of Acadian in accordance with the ESOP Committee's By Laws, hereby presents its Mission Statement:

• To advance the well-being of our ESOP by providing education, disseminating information and answering questions pertaining to our ESOP program via various communications forums.
• To encourage a direct and open exchange of information and communicate employee suggestions or concerns regarding the well-being of Acadian and our ESOP to the Company's Board of Directors.
• We are a better company because of a program that maximizes human potential by enhancing the self-worth, dignity, and wellbeing of our people.  Our ESOP message is clear--it enables our working family to share in the wealth they help create.
• To organize and facilitate any educational programs and special events in keeping with this mission statement.