Identify and briefly define each of the three types of employee stock plans.

An employee stock plan is any type of plan through which employees acquire shares in the firm that employs them.An employee stock bonus plan is a plan through which employees receive shares in their employing firm at no cost to the employee.An employee stock purchase plan is a plan through which employees may purchase shares in their employing firm.An employee stock option plan provides options to employees to purchase company shares at some point in the future at a fixed price.