ESOP Trustees definition

ESOP Trustees means the party or parties appointed by the Board of Directors as trustee of the ESOP Trust and named as trustee pursuant to the trust agreement governing the ESOP Trust or any successors thereto.
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ESOP Trustees is defined in Section 2.2(d) hereof.
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ESOP Trustees means Xxxxxx Xxxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxxx Xxxx and Xxxx Xxxx, in their capacities as trustees.
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Examples of ESOP Trustees in a sentence

  • Gamache sent a letter to the Company, via the Board of Directors, raising his concerns that the ESOP Trustees had acquired an ownership interest in the Company to the detriment of the ESOP and its participants and requesting that action be taken to remedy this issue, including by removing the ESOP Trustees.

  • No. 16-497.) On August 10, 2015, Wood and Stoeckel (the ESOP Trustees) sent a letter to all terminated employees informing them that Wawa had adopted the 2015 Amendment.

  • For the current appraisal, the company presented the latest data cut from June 2019.

  • Qualifications of the Financial Advisor to the ESOP Trustee Over the last several years, we have seen an increase in the frequency of general Request for Qualifications (“RFQs”) made by both institutional and internal ESOP Trustees.

  • If the ESOP wanted to remove Adam and Carole Vinoskey as ESOP Trustees, the ESOP would have to petition the Secretary (Carole Vinoskey) to call a special meeting of the Board of Directors, a body that, absent changes, would have been elected by Adam and Carole Vinoskey as ESOP Trustees and that, absent changes, would have included Adam and Carole Vinoskey as two out of three Directors.

  • ESOP Trustees is comprised of (i) Jungle Den Limited which holds [REDACTED] Shares, (ii) Jazz Dream Limited which holds [REDACTED] Shares and (iii) Perfect Match Limited which holds [REDACTED] Shares.

  • If the ESOP wanted to remove Adam and Carole Vinoskey as Directors, Adam and Carole Vinoskey would have to agree not to reelect themselves as Directors at the annual shareholder meeting or agree to remove themselves at a special meeting, since Adam and Carole Vinoskey, as two out of three ESOP Trustees, would be empowered to vote the ESOP’s shares in electing and removing Directors without taking instruction from the ESOP participants.

  • Essentially, given the lack of provisions in the transaction documents altering Sentry’s corporate structure, reducing the Vinoskeys’ leadership roles, or ensuring that the ESOP could control the Board and the ESOP Trustees with relative ease, Adam and Carole Vinoskey stood to retain a tight grip over Sentry after the 2010 Transaction.

  • Adam and Carole Vinoskey signed the letter as ESOP Trustees, acknowledging Gust’s role and consenting to the representation.

  • Here again, there is no evidence that Evolve took any action to ensure that Carole Vinoskey stepped away from this role after the transaction.The implications of Sentry’s corporate structure and leadership personnel are clear enough: Absent changes removing Adam and Carole Vinoskey as ESOP Trustees, the Vinoskeys could exert total control over how to vote the ESOP’s shares in the vast majority of corporate matters as two out of the three ESOP Trustees.


More Definitions of ESOP Trustees

ESOP Trustees has the meaning set forth in Section 7.2(a). -------------
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ESOP Trustees means Principal Trust Company and, to the extent applicable, the independent Trustee engaged with respect to the transactions contemplated by this Agreement.
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ESOP Trustees means the trustees of the ESOP Trust pursuant to Section 2.31 of the
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ESOP Trustees shall have the meaning set forth in Section 3.28(f).
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ESOP Trustees or “Trustees” shall mean such persons appointed by the Company and more particularly set out in the trust deed, to manage the Plan.
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Related to ESOP Trustees

  • Parent Trustees means the Trustees elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Independent Trustees means the members of the Fund’s Board of Trustees who are not "interested persons" (as defined in the 0000 Xxx) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any agreement relating to this Plan.

  • Trustees refers to the persons who have signed this Agreement and Declaration of Trust, so long as they continue in office in accordance with the terms hereof, and all other persons who may from time to time be duly elected or appointed to serve on the Board of Trustees in accordance with the provisions hereof, and reference herein to a Trustee or the Trustees shall refer to such person or persons in their capacity as trustees hereunder;

  • Other Trustees Means the trustees under the Other Agreements, and any successor or other trustee appointed as provided therein.

  • or "Trustees means each Person who has signed this Declaration as a trustee, so long as such Person shall continue in office in accordance with the terms hereof, and all other Persons who may from time to time be duly appointed, qualified and serving as Trustees in accordance with the provisions hereof, and references herein to a Trustee or the Trustees shall refer to such Person or Persons solely in their capacity as trustees hereunder.

  • Issuer Trustees means, collectively, the Property Trustee and the Delaware Trustee.

  • Administrative Trustees shall have the meaning set forth in the Trust Agreement.

  • the Trustees means the directors of the Academy Trust (and “Trustee” means any one of those directors), subject to the definition of this term at Article 6.9 (e) in relation to Articles 6.2-6.9;

  • Authenticating Agents As defined in Section 9.10.

  • Board of Trustees means the trustees from time to time serving under the Trust’s declaration of trust, as amended from time to time.

  • Indenture Trustees means the Senior Notes Indenture Trustee and the Subordinated Notes Indenture Trustee.

  • Charity Trustees means the directors of the Academy Trust who are responsible for the general control and management of the administration of the Academy Trust.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Initial Holders has the meaning set forth in the preamble.

  • Independent Trustee means a Trustee who is not an interested person within the meaning of Section 2(a)(19) of the Investment Company Act.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Transfer Agents means the Transfer Agents referred to above and such further or other Transfer Agent or Agents as may be appointed from time to time hereunder either generally or in relation to a specific Series of Notes.

  • Company Securityholders means the Company Stockholders, Company Optionholders and Company Warrantholders, collectively.

  • Outside Trustee With respect to an Outside Serviced Mortgage Loan, the trustee under the applicable Outside Servicing Agreement.

  • NIM Trustee The trustee for the NIM Securities.

  • Managers means a Person who is named or designated as a manager or managing member or otherwise acts in the capacity of a manager or managing member of a limited liability company in a limited liability company agreement or similar instrument under which the limited liability company is formed or operated.

  • Securityholders Agreement means that certain Securityholders ------------------------- Agreement, dated as of July 22, 1998 and as amended from time to time, among Holdings and the signatories parties thereto.

  • Continuing Trustee means any member of the Board of Trustees who either (a) has been a member of the Board of Trustees for a period of at least thirty-six months (or since the commencement of the Trust’s operations, if less than thirty-six months) or (b) was nominated to serve as a member of the Board of Trustees by a majority of the Continuing Trustees then members of the Board of Trustees.