To draw out your Employee Stock Ownership Plan (ESOP), you typically need to follow the specific terms of your plan, which may include a vesting schedule and a distribution policy. Common methods include selling your shares back to the company or receiving cash or stock distributions upon retirement or leaving the company. It's essential to consult with your company's ESOP administrator or a financial advisor to understand the tax implications and the best approach for your situation. Always ensure that you are compliant with the legal and financial regulations governing ESOPs.
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