profitsharing plans, but stock bonus plan benefits are distributable in employer stock.4 Stock bonus plans and ESOPs are subject to the same general qualification requirements as profit-sharing and other defined contribution plans, but there are several characteristics that distinguish them, as described in the following discussion.
(February 2013). The Albany Plan of Union was a proposal to create a unified government for the Thirteen Colonies, suggested by Benjamin Franklin, then a senior leader (age 45) and a delegate from Pennsylvania, at the Albany Congress in July 10, 1754 in Albany, New York.
Albany Plan of Union, 1754. 1  The Albany Plan of Union was a plan to place the British North American colonies under a more centralized government. 2  Representatives of the colonial governments adopted the Albany Plan during a larger meeting known as the Albany Congress. The British Government in London had ordered the colonial governments to meet in 1754, initially because of a breakdown in negotiations between the colony of New York and the Mohawk nation, which was part of the Iroquois Confederation.