Private Company Acquired by ESOP Company

[John Trickel]

My privately held company was acquired by an ESOP company almost two years ago.  I have been told I must go through the 6 years of vesting however I have now noticed that two other acquisitions that were also private companies their employees are fully vested at the time of acquisition.  ESOPS being federally regulated it appears my company's employees (only two) should be fully vested as well?  I cannot find any topics like this.  Thanks

[QDROphile]

Short answer is negative.  I am sure some maven will give you a fuller explanation, which is not unique to ESOPs.

[ESOP Guy]

If you are asking do they have to treat the employees from different acquisitions the same in the ESOP the answer is "no". 

[Kevin C]

It also makes a difference if it was an asset purchase or a stock purchase.