Common use of Employee Stock Ownership Plan Clause in Contracts

Employee Stock Ownership Plan. The Company agrees that, in accordance with its rights under the Monroc, Inc. Employee Stock Ownership Plan (the "ESOP"), the Company will direct the voting in favor of approval and adoption of the Merger Agreement of any Shares held in the ESOP with respect to which any ESOP participant has failed to give the ESOP trustee timely instructions as to how to vote such Shares.

Appears in 4 contracts

Samples: Merger Agreement (U S Aggregates Inc), Merger Agreement (U S Aggregates Inc), Agreement and Plan of Merger (U S Aggregates Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!