ESOP Compensation Expense definition
ESOP Compensation Expense means, for any period, expenses charged with respect to the ESOP to Net Income for such period in accordance with Agreement Accounting Principles.
ESOP Compensation Expense the expense related to funding share allocations in the ESOP.
Examples of ESOP Compensation Expense in a sentence
Under the terms of the ESOP and the ESOP Sharing Agreement, the Company is not, and will not at any time (by means of an amendment to the ESOP Plan or otherwise) be, liable for the ESOP Compensation Expense or ESOP Repurchase Payments related to any Persons that are not employees of the Company and its Subsidiaries.
Requirements of Law: all laws, ordinances, orders, judgments, rules ------------------- and regulations applicable to the Mortgaged Property.