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[Music] hello and welcome to the basics of the Harris employee stock ownership plan or ESOP today we are going to discuss the fundamentals of the heresy stop so that you have an understanding of what it is how it works and how we as employee owners can impact our share price and build wealth from our work okay lets do this the Harris employee stock ownership plan or ESOP is a qualified long-term retirement plan for Harris employee owners to build money for their future Aesops are governed by a federal law called the Employee Retirement Income Security Act of 1974 or ERISA which sets the rules for private industry pension and health plans long story short its additional free money Harris contributes to our individual retirements in addition to our salaries nice how does it work you ask lets take a look the ESOP is held in a trust and we as employee owners are participants in the ESOP trust the trust is overseen by a trustee its their job to ensure the plan is managed fairly and in