ESOP Stock definition

ESOP Stock means the common stock of Yardville National Bancorp, par value $.01 per share, or such other security that meets the requirements of Section 409(l) of the Code.

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ESOP Stock means Employer Stock acquired with the proceeds of an Exempt Loan, as defined in Supplement A.

ESOP Stock means the outstanding shares of non-voting preferred stock of Smit▇ ▇▇▇hnology.

Examples of ESOP Stock in a sentence

• Except in the case of any ESOP, Stock of all Credit Parties and their ERISA Affiliates makes up, in the aggregate, no more than 10% of fair market value of the assets of any Plan measured on the basis of fair market value as of the latest valuation date of any Plan.

• No action, suit or proceeding before any court or governmental or regulatory authority shall be pending against the Company, the Selling Shareholder or any of their respective directors or officers seeking to restrain, prevent, limit or change the Company Purchase, the ESOP Purchase or the related transactions contemplated hereby or by the ESOP Stock Purchase Agreement or questioning the legality or validity of any such transactions or seeking damages in connection with any such transactions.

• The Company's Board of Directors shall have authorized and approved this Agreement, the ESOP Stock Purchase Agreement, the Company Purchase and the ESOP Purchase, and the Company shall have taken all other corporate action necessary for the Company to consummate the Company Purchase and the ESOP Purchase.

• No approval not already obtained of this Agreement or the ESOP Stock Purchase Agreement or the Company Purchase, the ESOP Purchase or any of the transactions contemplated hereby or thereby is required to be obtained from the stockholders or any parent or affiliate of the Selling Shareholder.

• The Selling Shareholder is not a party to or bound by any buy-sell or other agreement, understanding or commitment with respect to any of the Shares, other than this Agreement and the ESOP Stock Purchase Agreement.

More Definitions of ESOP Stock

ESOP Stock means all of the Borrower's stock acquired by the ESOP ---------- with the proceeds of the ESOP Note.

ESOP Stock means Comerica Stock that is allocated to the ESOP.

ESOP Stock means all of the Borrower's stock acquired by the ESOP

ESOP Stock. Fifth Amendment", "Goul▇ ▇▇▇itration Award", "Goul▇ ▇▇▇tlement Agreement", "Gravers Settlement Agreement", "Intangible Assets, "Joint Venture Arrangement", "Maturity Date", "Mutual Pharmaceutical Settlement Agreement", "Net Worth", "Note", "PRP Group", "Repayment Conditions", "Stock Repurchase Agreement", "U-Max Litigation", and "Wins▇▇▇▇ ▇▇▇tlement Agreement", and the definitions thereof, are added to Paragraph 1 in the appropriate alphabetical order:

ESOP Stock means the shares of Common Stock issued to the ESOP pursuant to the Merger Agreement and any additional shares of Common Stock or other securities issued in respect of such shares in connection with a stock dividend, stock split, recapitalization, reclassification or other transaction affecting ASI's outstanding Common Stock.

ESOP Stock means Common Stock.

ESOP Stock means Company Stock held by the Plan which was previously held by the Collective ESOP.