ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

ESOP means a Plan which is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

Examples of ESOP in a sentence

In 1995, the Company terminated the ESOP portion of the Company's Investment and Savings Plan and the trustee of the ESOP converted the preferred stock held by the trustee to 9,660,766 shares of the Company's common stock.
Contributions to the ESOP were limited to .5% of compensation of employees covered under the ESOP.
Deferred Compensation Plans and ESOP The Company also has other defined contribution plans that cover substantially all its salaried employees.
AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) DOLLARS IN MILLIONS, EXCEPT PER SHARE, UNLESS OTHERWISE STATED At December 31, 1994, there were 8,756,883 shares of ESOP series preferred stock outstanding with a stated value of $653.
On November 21, 1996 the Pension committee of the Board of Directors of the Company voted to terminate the ESOP effective December 31, 1996.

More Definitions of ESOP

ESOP means an "employee stock ownership plan" within the meaning of Section 4975(e)(7) of the Code.

ESOP means the employee benefit plan titled "The Alion Science and Technology Corporation Employee Ownership, Savings and Investment Plan" and adopted and maintained by the Company pursuant to the applicable ESOP Plan Documents.

ESOP means the employee share option plan of the Company adopted by the shareholders resolutions of the Company on September 5, 2018 and such other arrangements, contracts, or plans as are recommended by management and approved by the Board, with the written approval of the Majority Preferred Holders (as defined in the Shareholders Agreement and Restated M&A), in accordance with the Shareholders Agreement and Restated M&A.

ESOP means Xxxxxxx Account Value Plan or any successor plan.

ESOP means the Share Award Scheme (as amended), the Share Option Scheme (as amended) and other employee stock incentive plans of the Company as may be approved in accordance with the Restated Articles and the Restated Shareholders Agreement and adopted by the Company from time to time, under which Shares of the Company have been or shall be issued and reserved for issuance to employees, officers, directors, contractors, advisors or consultants of the Group Companies.

ESOP means collectively, the 2014 Share Incentive Plan, the 2017 Share Option Plan and the 2017 Restricted Share Award Scheme of the Company.