ESOP Feature definition

ESOP Feature means the portion of the Plan, as described in Article I, that has been designated as an “employee stock ownership plan” within the meaning of Code Section 4975(e)(7).
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ESOP Feature means that portion of the Plan consisting of an employee stock ownership plan intended to satisfy the requirements of Section 4975(e)(7) of the Code, as set forth in Article XII of the Plan.
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ESOP Feature means that portion of the Plan which constitutes an employee stock ownership plan as described in Section 4975(e)(7) of the Code, which portion of the Plan is designed to invest primarily in qualifying employer securities.
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Examples of ESOP Feature in a sentence

  • Where the Commission concludes that the Union does not achieve or risks not achieving the overall targets set out in paragraph 1, points (a) and (b), it shall propose without delay additional measures aimed at covering the identified gaps.

  • If the differences of the market value have not been settled by the Committee for Fixing Value Differences and are not present in this Appendix, then the Committee for Fixing Value Differences shall settle the market differences for each individual case.

  • Catch-Up Contributions made to the Plan shall initially be allocated to the portion of the Plan that is not comprised of the ESOP Feature.

  • If allow room for active or passive use between sidewalk and slope, will be more inviting.

  • ESP employees must inform their immediate supervisor of a personal leave with pay absence(s) and must report the absence(s) in SEMS pursuant to ESP Handbook Article 3.1 14.1.2 Food Service and Transportation Application Procedure - Requests Personal with Pay:a.

  • P.U.C. Sheet No. 28406-E Electric Sample Form No. 79-285Special Agreement for Electrical Standby Service Please Refer to AttachedSample Form Advice Letter No:3951-E-ADistribution QF LOG# Division Premises # Customer (original) CDx Acct # Customer Relations/Tariff Interpretation Electric Billing Solutions PACIFIC GAS AND ELECTRIC COMPANY'SSPECIAL AGREEMENT FOR ELECTRICAL STANDBY SERVICE This is an agreement between Pacific Gas and Electric Company (PG&E), a California corporation, and (Customer), a(n).

  • Thereafter, to the extent that a Participant or his Beneficiary directs the investment of Profit Sharing Contributions and Retirement Awards in the Company Stock Fund pursuant to Article VII of the Plan, such Profit Sharing Contributions and Retirement Awards shall be transferred to the ESOP Feature unless and until the Participant or his Beneficiary directs otherwise pursuant to Article VII of the Plan.

  • Effective March 27, 1989, the Lockheed Savings Plan was amended to create the Lockheed (ESOP Feature) Trust (the "ESOP Trust") to fund a portion of the Corporation's Matching Contribution.

  • Profit Sharing Contributions and Retirement Awards made to the Plan shall initially be allocated to the portion of the Plan that is not comprised of the ESOP Feature.

  • The term "ESOP Feature" shall mean that portion of the Plan that constitutes an employee stock ownership plan within the meaning of Section 4975(e)(7) of the Code.


More Definitions of ESOP Feature

ESOP Feature means the portion of the Plan that constitutes an employee stock ownership plan within the meaning of the Internal Revenue Code of 1986, as amended (“Code”) Section 4975(e)(7), as provided in this Appendix A. The ESOP Feature consists of the portion of the assets of the Plan that are invested in the Worthington Industries, Inc. Common Stock Fund.
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ESOP Feature means that portion of the Plan consisting of the ESOP Fund which constitutes an employee stock ownership plan as defined in Code Section 4975(e)(7).
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ESOP Feature means the portion of the Plan described in Article 16A, which is comprised of the portion of the Plan that is invested in the Company Stock Fund and the Plan provisions uniquely applicable to the ESOP Feature.”
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Related to ESOP Feature

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Multiple Source Award means an award of an indefinite quantity contract for one or more similar services, items of tangible personal property or construction to more than one Offeror.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • discretionary use means the use of land or a building provided for in this Bylaw for which a development permit may be issued upon an application having been made;

  • Feature means a distinguishable software function included in the Software and as further detailed in Schedule 3 and the Product Handbook. Various Features may be grouped together in Feature Packs.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Salary reduction plan means a benefit plan whereby state and

  • Employer Stock means any class of common stock of Quest Diagnostics or the preferred stock of Quest Diagnostics that is convertible into common stock.

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • 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.

  • Small employer carrier means any carrier that offers health benefit plans covering eligible employees of one or more small employers in this state.

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.

  • Non-Employee Directors means that term as defined in Rule 16b-3 under the 1934 Act.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Investment Options means the investment options, as determined from time to time by the Committee, used to credit earnings, gains and losses on Account balances.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.