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.

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 that separate portion of an Account established pursuant to Section 9.1 which evidences the shares of Enterprise Common Stock transferred to the Plan for the Account of a Participant, pursuant to the merger with this Plan with the Public Service Electric and Gas Company Tax Reduction Act Employee Stock Ownership Plan (TRASOP) and/or the Public Service Electric and Gas Company Payroll-Based Employee Stock Ownership Plan (PAYSOP), including the net worth of the Trust Fund attributable thereto.

Examples of ESOP Account in a sentence

• For each Participant who is credited with a benefit pursuant to Section 4.01 of the Plan, the Employer shall establish, as a memorandum account on its books, a Supplemental ESOP Account.

• Cash contributions credited to a Participant's Supplemental ESOP Account shall be credited annually with interest at a rate equal to the combined weighted return provided to the Participant's non-stock accounts under the ESOP.

• Each year, the Committee shall credit to the Participant's Supplemental ESOP Account the amount of benefits determined under Section 4.01 of the Plan for that year.

• Each year, the Committee shall credit to the Participant’s Supplemental ESOP Account the amount of benefits determined under Section 4.01 of the Plan for that year.

• Cash contributions credited to a Participant’s Supplemental ESOP Account shall be credited annually with interest at a rate equal to the combined weighted return provided to the Participant’s non-stock accounts under the ESOP.

More Definitions of ESOP Account

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.

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

ESOP Account means that that portion of a Participant’s Account invested in the Olin 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.