Employee Stock Ownership Plan means The Cleco Power LLC 401(k) Savings and Investment Plan.

Employee Stock Ownership Plan means any plan that invests more than 10% of its assets in securities of the Company.

Employee Stock Ownership Plan. The Executive shall receive supplemental payments from the Association for the thirty-six (36) months following the month in which his employment is terminated in an amount for each month equal to one-twelfth of the fair market value as of December 31 of the Association's annual contribution to its Employee Stock Ownership Plan ("ESOP") made on his behalf for the Plan year ending immediately preceding his date of termination. If, as of the date of Executive's termination, the Executive is not fully vested in his benefit under the ESOP, the Association shall also pay to the Executive, an additional payment equal to the amount of his account under the ESOP which was forfeited as a result of his termination based upon the fair market value as of the most recent December 31. The supplemental payments determined herein shall be paid in a lump sum payment, to be paid not later than 30 days after termination of employment.

Examples of Employee Stock Ownership Plan in a sentence

Holding companies that are employee stock ownership plans (ESOPs) as of the last calendar day of the calendar year must file the Financial Statements for Employee Stock Ownership Plan Hold- ing Companies (FR Y-9ES) on an annual basis, as of December 31.
The term "person" refers to an individual, corporation, bank, bank holding company, or other entity, but excludes any Employee Stock Ownership Plan established for the benefit of employees of Bancorp or any of its subsidiaries or other affiliates.
ExampleA bank holding company has guaranteed a new loan for its leveraged Employee Stock Ownership Plan (ESOP) for $750 thousand and that amount has increased the bank holding company's long-term unsecured debt by a material amount.
All shares of Common Stock held by the Trust (whether or not subject to a Plan Share Award) shall be voted by the Trustee in the same proportion as the trustee of the Company's Employee Stock Ownership Plan votes Common Stock held in the trust associated therewith, and in the absence of any such voting, shall be voted in the manner directed by the Board.
Employee Stock Purchase Plan (ESPP) (no new contributions) Employee Stock Ownership Plan (ESOP) Employee Incentive Compensation Plan (EICP) Morgan Stanley Compensation Incentive Program (MSCIP) Morgan Stanley 401(k) (401(k) Plan) You do not have to pre-clear participation in the ESOP, EICP MSCIP or 401(k) Plan with Compliance.

More Definitions of Employee Stock Ownership Plan

Employee Stock Ownership Plan. ’ means a technique of corporate finance that uses a stock bonus trust or a company stock money purchase pension trust which qualifies under section 401(a) of title 26 in connection with the financing of corporate improvements, trans- fers in the ownership of corporate assets, and other capital requirements of a corporation and which is designed to build beneficial eq- uity ownership of shares in the employer cor- poration into its employees substantially in proportion to their relative incomes, without requiring any cash outlay, any reduction in pay or other employee benefits, or the surren- der of any other rights on the part of such em- ployees;

Employee Stock Ownership Plan means The Southern Company Employee Stock Ownership Plan, as amended from time to time.

Employee Stock Ownership Plan. Section 6.02(a) “Environmental Law” — Section 3.01(y)

Employee Stock Ownership Plan means The Southern Company Employee Stock Ownership Plan, as such plan existed prior to December 20, 2006.

Employee Stock Ownership Plan. The Employee Stock Ownership Plan of Getty Petroleum Marketing Inc.

Employee Stock Ownership Plan means any Insured Plan that invests more than 10% of its assets in securities of Insured Entities.

Employee Stock Ownership Plan. The Cleco Utility Group Inc. 401(k) Savings and Investment Plan ESOP Trust.