Would a restricted stk plan allow exec not pay tax at time of grant bu

[Guest winmac]

We have an omnibus ESOP -- the exec gets the stock as compensation - would a restricted stock plan (eg. vesting 3 months) allow for deferrment of tax to exec until the stock is sold? the stock is part of the exec compensation

is the a less restrictive way to get a grant as compensation and pay tax only when the stk is sold and keep the basis as of the time of grant?

This is very complex and any advice would be most welcomed. As usual, I am pressured to get an answer, so, any help is truly appreciated.

[RLL]

It sounds like you're talking about an employee stock option plan, not an ESOP.

An "ESOP" is an employee stock ownership plan, which is a type of deferred compensation plan qualified under Sec. 401(a) of the Internal Revenue Code and which is a "pension benefit plan" under ERISA.