ESOP Participants definition

ESOP Participants means those persons having an account balance under the ESOP;
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ESOP Participants means "Participant" as defined in the ESOP Trust Deed;
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ESOP Participants means participants in the ESOP as defined in the ESOP.
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Examples of ESOP Participants in a sentence

  • All ESOP Participants shall fully vest and have a nonforfeitable interest in their accounts under the ESOP determined as of the Effective Time.

  • All ESOP Participants shall fully vest and have a nonforfeitable interest in their accounts under the Seller ESOP determined as of the termination date.

  • Pursuant to the agreements, the relevant ESOP Participants are not allowed to transfer or in any way dispose of the shares for a period of 36 months after the [REDACTED] on the Stock Exchange.

  • Following the receipt of the Final Determination Letter, distributions of the account balances under the Seller ESOP shall be made to the ESOP Participants.

  • As of such date, the purpose of the ESOP is to permit the current dividends paid on Stock held in the ESOP to be passed through directly to ESOP Participants.

  • Nothing contained in this Supplemental ESOP shall be construed as a contract of employment between any Affiliated Employer and a Supplemental ESOP Participant, or as giving any Supplemental ESOP Participant the right to be continued in the employment of an Affiliated Employer, or as a limitation of the right of an Affiliated Employer to discharge any Supplemental ESOP Participants, with or without cause.

  • In the event of a Supplemental ESOP Participant's termination of employment other than by reason of death or Retirement or after becoming a Disabled Participant, that portion of his or her memorandum account balance, if any, that is not payable under Section 3.2 shall be promptly forfeited.

  • All ESOP Participants shall fully vest and have a nonforfeitable interest in their accounts under the ESOP determined as of the termination date.

  • Under the H Share ESOP, the H Share ESOP Participants shall be entitled to ‘‘unit’’, which is equivalent to each RMB1.00 used for acquisition of H Shares for the purpose of the H Share ESOP.

  • Neither Supplemental ESOP Participants nor their Beneficiaries, nor any other person, shall have any rights against any Affiliated Employer or its assets in respect of any benefits hereunder, other than rights as general creditors.


More Definitions of ESOP Participants

ESOP Participants means the participants in the ESOP as of the Petition Date.
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ESOP Participants means the Employees and members of the BOD.
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Related to ESOP Participants

  • CDS Participants means a broker, dealer, bank or other financial institution or other person for whom CDS effects book-entry transfers and pledges of Deposit Notes under the Book-Entry System.

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • Participants is defined in Section 12.2.1.

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • Program Participants means, for any CRP, the Centers (other than the Lead Center for such CRP) and any Partner receiving funding for activities under such CRP that are funded by the CGIAR Fund.

  • Section 16 Participants means Participants who are subject to the provisions of Section 16 of the Exchange Act.

  • Book Entry Participants or “Participants” means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Employee Participant means an Employee who holds an outstanding Award under the terms of the Plan.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Participant has the meaning specified in Section 10.06(d).

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Book Entry Only Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Rights Offering Participants means those Persons who duly subscribe for Rights Offering Shares in accordance with the Rights Offering Procedures.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Eligible Employees means each employee of the Company or an Affiliate.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Majority Participants means the Holder(s) of more than 50% of the Outstanding VMTP Shares.

  • U.S. Participant means any Participant who is a United States citizen or United States resident alien as defined for purposes of Section 7701(b)(1)(A) of the Code or for whom an Award is otherwise subject to taxation under the Code.

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;