ESOP Program

Employee Stock Ownership Plan (ESOP)

An ESOP is similar to a Profit Sharing Plan which allows KES, Inc. to contribute not only cash, but also its own stock for the benefit of its participating employees. KES, Inc. established the ESOP to enable employees to accumulate a beneficial ownership interest in the stock of KES, which is not publicly traded, and to share in the growth and profits of KES. KES believes that the ESOP will represent an increasingly valuable benefit for you and your family over the years. KES employees who have attained age 21 are eligible to participate in the plan. An eligible employee must work at least 1,000 hours in a 12-month period beginning on his date of hire to become a “Participant” in the Plan on the first July 1 or January 1 after the end of the 12-month period. Employees gradually vest in their accounts and receive their benefits when they leave the company. (see Summary Plan Description for full details)

To view the Initial Introductory Training click on this link: ESOP Training

To view the Summary Plan Description click on this link: Summary Plan Description

To view the Beneficiary Designation Form click on this link: Beneficiary Designation Form