Employer Securities definition

Employer Securities means the common stock issued by MainStreet Financial Corporation. Such term shall also mean, in the discretion of the Board of Directors, any other common stock issued by the Employer or any Related Employer having voting power and dividend rights equal to or in excess of:

Employer Securities means em- ployer securities within the meaning of section 409(l).

Employer Securities means common stock, any other type of stock or any marketable obligation (as defined in Section 407(e) of ERISA) issued by the Company or any Affiliate of the Company; provided, however, that if Employer Securities are purchased with borrowed funds, Employer Securities, to the extent required by Section 4975 of the Code, shall only include:

Examples of Employer Securities in a sentence

• Subject to the requirements of the Trust Agreement with respect to the Employer Securities, the Committee may appoint one or more Investment Fiduciaries to manage all or part of the Trust Fund and enter into an agreement with any Investment Fiduciary so appointed.

• Subject to the direction of the Independent Fiduciary with respect to the Employer Securities, the Committee will establish a funding policy for each Plan and communicate that funding policy to the Trustee.

• The Committee is the Named Fiduciary with management and control of the assets of the VEBA with the power as set forth in the Trust Agreement to: (1) appoint Investment Managers with respect to non-Employer Securities; (2) appoint Investment Managers who themselves have the power to appoint Investment Managers; and (3) appoint Independent Fiduciaries with respect to Employer Securities.

• The Committee shall take all such reasonable action as may be needed to rebut any presumption of control that would limit the Trust’s ability to own GM Employer Securities under the terms of the GM UAW Retiree Settlement Agreement, Ford’s Common Stock, or New Note B and any Warrants (each as defined in the Ford Retiree Settlement) issued by Ford or as may be required to comply with all applicable laws and regulations, including, but not limited to, federal and state banking laws and regulations.

• Except with respect to the authority of the Independent Fiduciary with respect to the Employer Securities, the Committee shall cause investment guidelines to be established for managing (including the power to acquire and dispose of) all or any part of the Trust Fund.

More Definitions of Employer Securities

Employer Securities means the Common Stock of U.S. Industries, Inc., a Delaware Corporation.

Employer Securities has the meaning specified in Section 407(d)(1) of ERISA.

Employer Securities means common stock, any other type of stock or any marketable obligation (as defined in Section 407(e) of ERISA) issued by the Company or any Affiliate of the Company.

Employer Securities means (a) common stock issued by the Employer, or by a corporation which is a member of the same controlled group of corporations, readily tradable on an established securities market. If there is no common stock which meets the requirement of (a), above, the term "Employer Securities" means (b) common stock issued by the Employer, or by a corporation which is a member of the same controlled group, having a combination of voting power and dividend rights equal to or in excess of --

Employer Securities means common stock issued by the Employer, or by a corporation which is a member of the same controlled group of corporations.

Employer Securities means common stock, any other type of stock or any marketable obligation (as defined in Section 407(e) of ERISA) issued by the Company or any Affiliate of the Company; provided, however, that if Employer Securities are purchased with borrowed funds, Employer Securities, to the extent required by Section 4975 of the Code, shall only include

Employer Securities means the same as defined in section 409(l) of the Internal Revenue Code.