Company ESOP definition

Company ESOP means the Employee Stock Ownership Plan maintained by the Company Bank.

Company ESOP shall have the meaning set forth in Section 6.15.

Company ESOP means that certain Employee Stock Ownership Plan, or the trust established under such plan, established by the Company.

Examples of Company ESOP in a sentence

• Even the recoverable amounts of the Key Operating Assets are reduced by the abovementioned respective amounts, the adjusted recoverable amounts of those Key Operating Assets are still higher than their carrying amounts as of the end of reporting period.ANNUAL REPORT 2014 73NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2014 5.

• Promptly following the receipt of a favorable determination letter from the IRS regarding the qualified status of the Company ESOP upon its termination, the account balances in the Company ESOP shall either be distributed to participants and beneficiaries or transferred to an eligible tax-qualified retirement plan or individual retirement account as a participant or beneficiary may direct.

• As soon as practicable following the receipt of a favorable determination letter from the IRS regarding the qualified status of the Company ESOP upon its termination, the account balances in the Company ESOP shall either be distributed to participants and beneficiaries or transferred to an eligible tax-qualified retirement plan or individual retirement account as a participant or beneficiary may direct.

• In connection with the termination of the Company ESOP, the Company shall promptly apply to the IRS for a favorable determination letter on the tax-qualified status of the Company ESOP on termination and any amendments made to the Company ESOP in connection with its termination or otherwise, if such amendments have not previously received a favorable determination letter from the IRS with respect to their qualification under Code Section 401(a).

• A Vested Stock Dividend Account means the record of amounts attributable to dividends paid from the Company ESOP Stock Fund and the Company Common Stock Fund.

More Definitions of Company ESOP

Company ESOP means the Company’s employee stock option plan duly approved by the Board on 12 December 2014 and as amended from time to time.

Company ESOP means the Company’s 1984 Employee Stock Ownership Plan, as amended and restated, and the Company’s 2013 Employee Stock Ownership Plan, as amended and restated.

Company ESOP means the Company's 1998 Stock Incentive Plan.

Company ESOP means the Clifton Savings Bank Amended and Restated Employee Stock Ownership Plan.

Company ESOP means the Employee Stock Ownership Plan of Tappan Zee Financial, Inc. and Affiliates.

Company ESOP means the New England Bank Employee Stock Ownership Plan.

Company ESOP means the Company’s employee stock option plan, as adopted and amended from time to time.