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ESOPs and stock bonus plans have similarities and differences. Which of the following statements are correct regarding these plans? 1. Both plans allow participants to

ESOPs and stock bonus plans have similarities and differences. Which of the following statements are correct regarding these plans?

1. Both plans allow participants to vote their shares held by the plan. 2. Stock bonus plans and ESOP plans can make lump-sum distributions of employer securities at the termination of an employee.

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