Employer Securities definition

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 common stock issued by Alaska Pacific Bancshares, Inc., an Alaska 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).

Examples of Employer Securities in a sentence

• The Employee Stock Ownership Accounts shall be invested primarily in Employer Securities.

• The Participant or Beneficiary shall be entitled to exercise the put option described in the preceding sentence for a period of not more than 60 days following the date of distribution of Employer Securities to him.

• All sales of Employer Securities by the Trustee attributable to the Employee Stock Ownership Accounts of all Participants shall be charged pro rata to the Employee Stock Ownership Accounts of all Participants.

• If the Employer so elects in the Adoption Agreement, the Employer and/or Members may direct that contributions will be invested in Qualifying Employer Securities (within the meaning of Section 407(d)(5) of ERISA) through the Employer Stock Fund.

• Subject to the limitations contained in Sections 3.9 and 3.5.2, for each Plan Year the Employer will contribute in cash and/or Qualifying Employer Securities, Matching Thrift Contributions to the Trust Fund in an amount, if any, calculated by reference to the Participants' Employee Thrift Contributions, as specified in the Adoption Agreement.

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 mean common stock issued by the Employer, or by a corporation which is a member of the same controlled group of corporations having a combination of voting power and dividend rights equal to or in excess of -- (a) that class of common stock of the Employer (or of any other such corporation) having the greatest voting power; and (b) that class of common stock of the Employer (or of any other such corporation) having the greatest dividend rights.

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

Employer Securities means the common stock issued by SHS Bancorp, Inc., a Pennsylvania corporation, or any employer security within the meaning of Section 4975(c)(8) of the Code and Section 407(d)(1) of ERISA.