ON WEDNESDAY, Sept. 13, 2023, the Board of Directors of Megawide Construction Corp. approved the adoption of an Employee Stock Ownership Plan (ESOP) for eligible employees of the company.
This is a type of performance incentive under the company’s performance management system where shares of the company may be awarded as part of the identified employees’ performance bonus.
The ESOP is only available to qualified employees who have been employed by the company for at least one year. Up to 10,000,000 shares are allotted for the implementation of the ESOP of the company. (PR)