Examples of ESOP Shares in a sentence
Brotman contributed 90,000 shares of Series D common stock (ESOP Shares) and $2,000 in cash to BMC upon its formation to provide Brotman employees with beneficial ownership of portions of the ESOP Shares as equity incentives on a tax-deferred basis.
Employees awarded units in BMC will become limited liability members with a separate capital account to which income, gains, losses and distributions related to the ESOP Shares will be allocated.
Mr. Anuj Kumar shall be entitled for the grant of ESOP Shares as per the CAMS ESOP 2019 guidelines and as may be approved by the Nomination and Remuneration Committee/ Board of Directors from time to time.
For purposes of the Class P Voting Preferred Stock, the following terms shall have the meanings indicated: 2.1 ''Available Unissued ESOP Shares'' shall have the meaning set forth in Article FIFTH, Section 1.5 of this Restated Certificate.
For purposes of the Class M Voting Preferred Stock, the following terms shall have the meanings indicated: 2.1 "Available Unissued ESOP Shares" shall have the meaning set forth in Article FIFTH, Section 1.5 of this Restated Certificate.