ESOP Trust Agreement definition
Examples of ESOP Trust Agreement in a sentence
The Company has delivered to the ESOP Trustee complete, current and accurate copies of the ESOP plan document and the ESOP Trust Agreement.
The provisions of the ESOP in all material respects in form satisfy the requirements applicable to a qualified plan under Section 401(a) of the IRC, and the provisions of the ESOP Trust Agreement in all material respects in form satisfy the requirements of an exempt trust under Section 501(a) of the IRC.
Employee Stock Ownership Plan (the "ESOP Plan Document") and the ESOP Trust Agreement.
Maintain its existence as a trust and not ------------------------ terminate or permit the ESOP Trust Agreement or the ESOP Plan to be amended or modified except for changes that are required to be made in order for the Borrower to comply with ERISA or the Code and that do not in any way affect the ESOP Plan's status as an "employee stock ownership plan" within the meaning of Sections 401(a), 501(a), and 4975(e)(7) of the Code and Sections 54.4975-7 and 54.4975-11 of the Treasury Regulations.
The Borrower is not in breach of any of its obligations under, or in violation of any provision of ERISA or the Code with respect to, the ESOP Trust Agreement or the ESOP Plan.