Common use of Employee Stock Ownership Plan Clause in Contracts

Employee Stock Ownership Plan. The Executive will be eligible to participate in the Company’s Employee Stock Ownership Plan (“ESOP”), subject to the terms and conditions of the ESOP.

Appears in 20 contracts

Samples: Release Agreement (Heritage Commerce Corp), Employment Agreement (Heritage Commerce Corp), Employment Agreement (Heritage Commerce Corp)

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Employee Stock Ownership Plan. The Executive will be eligible to participate in the CompanyBank’s Employee Stock Ownership Plan (ESOP), which is incorporated by reference as if fully set forth here, when and at such time as one is created by the Bank. Participation will be subject to the terms and conditions of the ESOP.

Appears in 2 contracts

Samples: Employment Agreement (California BanCorp), Employment Agreement (California BanCorp)

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Employee Stock Ownership Plan. The Executive will be eligible to participate in the Company’s Employee Stock Ownership Plan (“ESOP”)) on the same basis as other executive officers, subject to the terms and conditions of the ESOP.

Appears in 1 contract

Samples: Employment Agreement (Heritage Commerce Corp)

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