Examples of ESOP Component in a sentence

Such Matching Contribution shall be invested in either the ESOP Component or the Non-ESOP Component of the Plan in the same manner as the Participant’s Savings Percentage to which the Matching Contribution relates.
The portion of the Fund constituting the ESOP Component shall be invested primarily in Company Stock.
In addition, the ESOP Component of the Plan shall be disaggregated from the Non-ESOP Component of the Plan.
Notwithstanding the foregoing, any Investment Fund or the ESOP Component may retain such investments of another nature or cash balances as may be needed in order to effect distributions or to meet other administrative requirements of the Plan.
Such allocated amounts shall be credited to each eligible Participant’s ESOP Profit Sharing Account subject to the limitations and rules governing the ESOP Component of the Plan.

More Definitions of ESOP Component

ESOP Component means, with respect to any Valuation Date on or after January 1, 2002, that portion of the Trust Fund that is invested in Employer Stock.

ESOP Component means the employee stock ownership plan component of the ESOP. “ESOP Documentation” means the collective reference to (a) the Appleton Papers Retirement Savings and Employee Stock Ownership Plan (Amended and Restated Effective as of January 1, 2009), (b) the Amended and Restated Trust Agreement for the Appleton Papers Inc. Employee Stock Ownership Trust, adopted April 1, 2013 and (c) all amendments, supplements or other modifications to any of the foregoing, all schedules, exhibits and annexes thereto and all agreements affecting the terms thereof or entered into in connection therewith.

ESOP Component means the component of the Plan that is designed to qualify as a stock bonus plan under Section 401(a) of the Code and as an employee stock ownership plan under Section 4975(e)(7) of the Code, which is described in Article XV of the Plan.

ESOP Component means the portion of the Plan that is invested in the Common Stock Fund, and the portion of the Plan that is attributable to Before-Tax Contributions made during the Plan Year in which occurs the determination date. Notwithstanding the foregoing, on December 31 of each Plan Year, any funds held in the ESOP Component of the Plan that are not invested in the Common Stock Fund will be transferred to the Non-ESOP Component of the Plan.

ESOP Component. With respect to any Valuation Date on or after January 1, 2019, that portion of the Trust that is invested in Company Stock. Elective contributions made pursuant to Section 3, Rollover Contributions and transfers accepted pursuant to Section 4, and Company contributions made pursuant to Section 5 shall be deemed to be held in the ESOP Component as of the Valuation Date such contributions or amounts are used to acquire Company Stock pursuant to a Participant’s election under Section 7. The ESOP Component is intended to constitute an employee stock ownership plan (“ESOP”) within the meaning of Code Section 4975(e)(7) and Treasury Regulation Section 54.4975-11(a)(5), as well as a qualified stock bonus plan and a qualified cash or deferred arrangement, within the meaning of Code Sections 401(a) and 401(k)(2).

ESOP Component means the portion of the Plan consisting of Salary Deferral Matching Contribution Allocations Accounts, ESOP Contribution Accounts and Employee Voluntary Matching Contribution Allocations Accounts and any other amounts specified in Section 3.7 which, together, shall be deemed to constitute an employee stock ownership plan as defined in Code Section 4975(e)(7) and ERISA Section 407(d)(6), provided that the Columbia Money Purchase Pension Plan Accounts shall also be considered part of the ESOP Component such that the assets thereof may be invested by Participants in Company Stock to any extent desired.