LESOP Trust definition

LESOP Trust means the trust or other funding vehicle that has been established to fund the LESOP.
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LESOP Trust has the meaning set forth in Section 4.2(c)(i).
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LESOP Trust when immediately preceded by "AT&T," means the trust established by AT&T under Article 20 of the AT&T LTSSP. When immediately preceded by "Lucent," LESOP Trust has the meaning set forth in Section 4.2(c)(i).
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Examples of LESOP Trust in a sentence

  • Effective as of a date prior to the date hereof, a member of the Valvoline Group assumed and became the sponsor of the LESOP and the LESOP Trust and thereafter any required contributions with respect to the LESOP (whether relating to Valvoline Employees, Former Valvoline Employees, Ashland Global Employees or Former Ashland Global Employees) and any plan-related expenses that are not payable by the LESOP Trust shall be made by a member of the Valvoline Group.

  • Effective no later than Immediately after the Distribution Date, Lucent shall use its reasonable best efforts to enter into agreements acceptable to Lucent to accomplish such assumption and transfers, the maintenance of the necessary participant and suspense account records, the appointment of Bankers Trust Company as initial trustee of the Lucent LESOP Trust, and the engagement of the then-current recordkeeper of the AT&T LESOP as initial recordkeeper of the Lucent LESOP.

  • When immediately preceded by "Agere," LESOP Trust has the meaning set forth in Section 4.2(c)(i).

  • LESOP Trust, when immediately preceded by "Lucent," means the trust established by Lucent under Article 20 of the Lucent LTSSP.

  • As participants in the LESOP Trust, you have the right to instruct U.S. Trust Company of California, N.A., the Investment Manager of the LESOP Trust (Investment Manager), as to how the shares allocated to your account in the LESOP Trust will be voted on the issues that will be decided at the Shareholders Meeting.

  • Therefore, in the event the AIG Merger is consummated, the Investment Manager will determine whether the LESOP Trust will elect to receive cash or AIG stock as consideration for the AIG Merger.

  • The Client agrees to pay the Supplier fees for the Services as contained in the order, Quote or Proposal including any amounts payable for additional optional services such as additional merchandise, charitable donations and other options the Client nominated at the time of entry into the Event.

  • The LESOP Trustee and the Investment Manager make no recommendation to LESOP Trust participants as to what instructions they should deliver with respect to the shareholder vote on the proposed Merger.

  • Under provisions of the Savings Plan for Salaried Employees, NYNEX’s matching contributions are allocated to employeesin the form of NYNEX stock from the LESOP Trust, based on the proportion of principal and interest paid by the LESOP Trust in a year to the remaining principal and interest due over the life of the internal LESOP note.

  • The LESOP Trust used the proceeds to purchase, at fair market value, 5.6 million shares of NYNEX’s common stock held in treasury.

Related to LESOP Trust

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

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

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Plan Trust means the trust governed by the Plan.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Sub-Investment Manager means for each Fund the sub-investment manager or sub-investment managers indicated in the tables on page x, and in addition for each Fund any other sub-investment manager that the Investment Manager may appoint in the future to manage the Fund, provided that disclosure of any such sub-investment managers appointed by the Investment Manager will be provided to Shareholders upon request and details thereof will be disclosed in the periodic reports to Shareholders, and provided further that each Sub-Investment Manager may appoint a sub-investment manager/advisor to manage/advise any portion of the assets of the Fund in accordance with the requirements of the Central Bank Rules;

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Sub-Trust has the meaning set forth in Section 3.01(b) of the Titling Trust Agreement.

  • Master Trust means Citibank Credit Card Master Trust I.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Real estate investment trust means any corporation, trust or association qualifying and electing to be taxed as a real estate investment trust under federal law.

  • Other Securitization Trust Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that holds a Serviced Companion Loan or successor REO Companion Loan (or any portion thereof or interest therein), as identified in writing to the parties to this Agreement.

  • Owner Trust means with respect to any Leased Aircraft, the trust created by the "Trust Agreement" referred to in the Leased Aircraft Indenture related thereto.

  • National City Servicing Agreement Solely with respect to the National City Mortgage Loans, the Master Seller’s Warranties and Servicing Agreement, dated as of October 1, 2001, between the Transferor and National City, as the same may be amended from time to time, and any assignments and conveyances related to the National City Mortgage Loans.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Income trust means a trust that is not a unitrust.