Patent ID: 6571219
Filing Date: 2003-05-27
Classification: G06Q

Abstract:
A method for implementing an employee stock ownership plan, the method comprising the steps of:obtaining, with an equity issuing commercial entity, a commodity to meet ongoing requirements, the commodity being available at a negotiated cost; obtaining, with an employee stock ownership plan, incremental funding from said commercial entity through a contribution of its profits and a contribution equaling a percentage of payroll, and purchasing, with said employee stock ownership plan, said commercial entity equity incrementally over a predetermined time period by utilizing said profit and percentage of payroll contributions; purchasing, with a commodity trust, all of the commodity requirements of said commercial entity and causing to be transferred said commodity to said commercial entity in exchange for a predetermined percentage of the commodity cost, and holding, with said commodity trust, a substantial equity interest in said commercial entity in trust in the name of an investor entity; and incrementally selling, with the investor entity, said commercial entity equity to said employee stock ownership plan over said predetermined time periods as said equity is earned by the investor entity and released from the trust wherein at least one of said steps is carried out using a computer mechanism.