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His firm is recorded setting up an "employee benefit trust" in Jersey.
A shareholder meeting on Monday will approve creation of the employee benefit trust and issuance of the preferred shares.
The company transmitted 53.6 million shares to its United States hourly rate employees pension plan and 6.9 million shares to its welfare benefit trust, a voluntary employees' health-care and life insurance benefit trust.
G.M. would also have to negotiate with the U.A.W., which controls a company health care trust, known as a voluntary employee benefit trust, or VEBA.
The company, along with 21 investment banks and other firms, purchased blueprints for an avoidance scheme called an employee benefit trust (EBT).
Go to AP Article via Yahoo News » Wells Fargo said on Monday it had agreed to buy the employee benefit trust business of Chicago's LaSalle Bank.
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See also Goetz, Employee Benefit Trusts Under Section 302 of Labor Management Relations Act, 59 Nw.U.L.Rev.
Agencies like Standard & Poor's Ratings Services view benefit trusts as a reduction of companies' debt.
Employee benefit trusts – often based in Jersey – are going to be hit hard by this budget, and rightly so.
Osborne announced fresh measures to tackle avoidance schemes that used so-called offshore "employee benefit trusts" (EBTs).
Extending the tax relief from the Enterprise Investment Scheme from external investors to employees, as well as restoring tax breaks to employee benefit trusts are to be examined.
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