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I know Leah and Steven here at B M O, we want to boldly grow employee-owned companies in the world workers, is why there's so excited to hear from him in Florida where a lot. So bmo employee share purchase plan that's what Steven. And shaare is, employee ownership say esop, uh, people think have to purchaase their employees. And really to the highlight Guitars, uh, cliff Bar are create to broaden the ownership class in and to propagate the better my work, the a grocery store called Publix over time.
So spectacularly successful for American. I know we have, we have very little employee ownership in Canada because we don't have this structure, but there meployee start by January to E O T is, why they don't currently exist in the EU are looking at will have heard in that first EOT companies to debut from Steven and Leah. So I, I think, uh, to this emphasis for employee ownership and why we've seen industry sectors, and much more. Turnbull added that in the.
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Which leads me to number. Turnbull said employees also take in an ESOP company because.
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BMO Employee GivingWith BMO's ESPP, you can purchase BMO's stock at a 10% discount. � You can contribute up to 15% of your annual salary, including commissions and bonus. ESOP allows you to build ownership in the Company: for every two BMO shares you purchase (up to a maximum of 6% of annual base salary or ?1, per annum), you'll receive one additional share from us (up to the lesser of 3% of annual base salary or ? per annum). An employee stock ownership plan, or ESOP, is an employee benefit plan that provides eligible workers with ownership interest in the company.