ESOP Trustees definition
Examples of ESOP Trustees in a sentence
The Persons set forth in TCBC Disclosure Schedule 3.37 are the duly appointed ESOP Trustees, with the power and authority to act on behalf of the ESOP (a) as fiduciary of the ESOP in the manner described in Section 3(21)(A) of ERISA and (b) on behalf of the ESOP to the extent specified in the ESOP and any related trust or other documents.
The enumerated purposes are: (a) governance, including incorporation, bylaws, boards of directors, shareholders, and dividends; (b) consolidation, merger, dissolution, conversion (including conversion to a stock bank or to another charter), conservatorship, and receivership; and (c) those determined by regulation of the Comptroller of the Currency, which are currently found at 12 U.S.C. § 1464a(d) and 12 CFR 101.4. Section 3.37 ESOP Trustees.