Employment - ESOP
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On January 1, 2000, TUCON Construction, L.L.C. became an Employee Stock Ownership Plan (ESOP) company. Now titled TUCON Construction Corporation, TUCON is owned by its employees.

Eric Wells, former president of TUCON Construction, L.L.C. is now Chairman of the Board of the ESOP.

The ESOP creates a trust to which it makes annual contributions. These contributions are based on company performance and repayment of debt. Contributions are allocated to individual employee accounts within the trust. The allocation is proportional to one's compensation. Employees join the plan and begin receiving allocations on the next January 1, after completing six months of service with TUCON.
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