ESOP Account definition

ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

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ESOP Account means that portion of the Trust Fund which, with respect to any Member or Deferred Member, is attributable to allocations made under the employee stock ownership plan portion of the Pre-Distribution ITT Plan.

ESOP Account means the account established and maintained on behalf of each Participant in accordance with sections 8.1(c) and (d) and 14.2.

Examples of ESOP Account in a sentence

• Before each annual or special meeting of the shareholders of the Lincoln Electric Holdings, Inc., the Administrative Committee shall cause to be sent to each Member and Beneficiary who has voting shares of Holdings Stock allocated to his ESOP Account and/or Non-ESOP Account on the record date of such meeting a copy of the proxy solicitation material therefor, together with a form requesting confidential instructions on how to vote the voting shares of Holdings Stock allocated to his Account.

• This distribution option applies to Holdings Stock held in either a Member’s ESOP Account or in the Non-ESOP Account.

• As provided in Section 5.6, such contributions that remain invested in Holdings Stock shall later be transferred to the ESOP Holdings Stock Sub-Fund within the ESOP Account.

• The Company shall also establish and maintain an ESOP Account and a Non-ESOP Account for each Member.

• To the extent not otherwise permitted by the preceding provisions of this Section, Members shall be permitted, pursuant to procedures established by the Administrative Committee, to diversify the investment of their ESOP Account to the extent required by section 401(a)(28)(B) of the Code, provided that such members are “qualified participants” within the meaning of section 401(a)(28) of the Code.

More Definitions of ESOP Account

ESOP Account means the portion of a Participant’s Account that reflects a Participant’s or beneficiary’s interest in the ESOP.

ESOP Account means the separate account for a Participant to which his account under the Union Electric Company ESOP (“ESOP”) and attributable earnings, appreciation and/or losses are credited. “CIPS ESOP Account” means the separate account for a Participant to which his account under the Ameren Corporation Employee Stock Ownership Plan for Certain Employees of CIPS (“CIPS ESOP”) and attributable earnings, appreciation and/or losses are credited.

ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989 and which were contributed, or absent the Participant’s election, invested in shares of Unisys Stock, and earnings and losses thereon.

ESOP Account means the account of a Participant credited with a Participant's interest in the Honeywell Common Stock Fund.

ESOP Account means the Executive’s interest in the assets accumulated under the ESOP, as expressed in terms of a separate account balance which is periodically adjusted to reflect Bank contributions, the ESOP’s investment experience, and distributions and forfeitures.

ESOP Account means the separate recordkeeping account that represents the sum of the following subaccount, if any:

ESOP Account means the portion of a Participant’s Account invested in the Company Stock Fund.