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ESOP definition

ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.
ESOP means an employee stock ownership plan that meets the requirements of Code Section 4975(e)(7) and Regulation 54.4975-11.

Examples of ESOP in a sentence

  • The company shall offer ESOP (Employee Stock Ownership Plan) to some employees based on their services.


More Definitions of ESOP

ESOP means the employee benefit plan titled "The Alion Science and Technology Corporation Employee Ownership, Savings and Investment Plan" and adopted and maintained by the Company pursuant to the applicable ESOP Plan Documents.
ESOP means an "employee stock ownership plan" within the meaning of Section 4975(e)(7) of the Code.
ESOP means the employee share option plan of the Company adopted by the shareholders resolutions of the Company on September 5, 2018 and such other arrangements, contracts, or plans as are recommended by management and approved by the Board, with the written approval of the Majority Preferred Holders (as defined in the Shareholders Agreement and Restated M&A), in accordance with the Shareholders Agreement and Restated M&A.
ESOP means Xxxxxxx Account Value Plan or any successor plan.
ESOP means any stock option plan or equity incentive plan adopted by any Group Company from time to time in relation to the grant or issue of shares, stock options or any other securities to its employees, officers, directors, consultants and/or other eligible persons.
ESOP means an employee stock ownership plan, as defined in ERISA Section 407(d)(6) and Code Section 4975(e)(7).
ESOP means collectively, the 2014 Share Incentive Plan, the 2017 Share Option Plan and the 2017 Restricted Share Award Scheme of the Company.