Examples of ESOP Plan Documents in a sentence
Based on the information available to Plaintiff at this time, the members of the ESOP Committee during all relevant periods are/were Defendants Creps, Sherwood, and Jones, who were either (a) appointed as members of the ESOP Committee or (b) granted all powers of the ESOP Committee by operation of the ESOP Plan Documents, which state that if no members are appointed to the ESOP Committee, the Plan Sponsor (Envision Management, LLC) will act as the ESOP Committee.
Each of the Seller Defendants was a “party in interest” to the ESOP within the meaning of ERISA § 3(14), 29 U.S.C. § 1002(14), because each was, at all relevant times, a Board member and thus a named fiduciary under the terms of the ESOP Plan Documents.
On December 2, 2013, in accordance with the terms of the ESOP Plan Documents, the ESOP Trustee delivered to the Company a valuation report with respect to the Common Stock of the Company (the “Valuation”) as of September 30, 2013, which Valuation set a value per share of Common Stock as of that date at $8.10 (the “Valuation Price”) (which is the most recent “Current Market Value” for the Common Stock in accordance with the ESOP Documents).
Post hoc analyses revealed SS improved by an average 1.73 ± 0.55° (95% CI, 0.58 to 2.87), p = .005 more than DT.For ER, the main effect of time showed a statistically sig- nificant difference between time points, (F(1.47, 35.33) = 77.72, p < .001).
Instead, management became increasingly dependent on incentive plans (discussed below), which were not limited to the distribution and diversification options available under the ESOP Plan Documents and which were not calculated solely by the increase in PDC’s stock value.