DISTRIBUTIONS FROM ESOPs (2 OF 2)
01.Core Concepts
• Substantially equal periodic payment requirement • If participant elects, the participant may demand equal distributions from the ESOP for a period no longer than 5 years, unless their account is valued at more than $1,415,000 for 2025, in which case the distribution period may be extended one year for each additional $280,000 for 2025 of account value up to a total of ten years. • Net Unrealized Appreciation • Lump Sum Distributions • (Discussed in Chapter 11)