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Employee Stock Ownership Plan(ESOP)
Employee-owners of Loureiro Engineering Associates, Inc. /Loureiro Contractors, Inc. (LEA/LCI) participate in the LEA Employee Stock Ownership Plan, ESOP. The ESOP is a powerful mechanism designed to reward all employee-owners while at the same time motivate them to maintain a high level of commitment to both job quality and longevity of service. The ESOP provides an environment which encourages all employee-owners to positively influence the company's performance and its value.
Stock Ownership is important to both the company and the employee. Ownership provides employees with a stake in the company. No one has a stronger interest in caring for and promoting the business of LEA than those who benefit from its growth. As owners, employees see the benefit derived from their efforts. The ESOP provides the proper environment for all employee-owners to positively influence the company's performance and consequently its value.