1.   An employee share trust has been established with a view to facilitating the recruitment and retention of employees.

2.   Employee trusts have increased in popularity over the past decade or so as a method of providing incentives for employees.

3.   This is the purpose of an employee trust.

4.   Before the sale, Murphy and Cree deliberately gave some of their stake to their fellow directors and to an employee trust as a means of motivation.

5.   Others believe that he knew of and supported many of the questionable deals, particularly the creation of an employee stock trust.

6.   Scott Rankin, an administrator at Intrust Bank, which is trustee of the Nichols employee trust, could not be reached for comment.

7.   The company said it was considering contributing the repurchased shares to an employee benefit trust to pay for employee compensation and benefit obligations.

8.   The overallotment will be used to fund the share employee compensation trust.