Prior ESOP definition

Prior ESOP means the Employee Stock Ownership Plan of the Public Service Company of Colorado and Subsidiaries as in effect prior to January 1, 1989.
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Prior ESOP means the MacDermid, Incorporated Employee Stock Ownership Plan as in effect from time to time prior to April 1, 1996,
Sample 1
Prior ESOP means the Shared Medical Systems Corporation ------------ Employee Stock Ownership and Savings Plan as in effect prior to its amendment and restatement as the SHARED MEDICAL SYSTEMS CORPORATION RETIREMENT AND SAVINGS PLAN, effective January 1, 1989 (name changed to SHARED MEDICAL SYSTEMS CORPORATION RETIREMENT SAVINGS PLAN, effective January 1, 1994).
Sample 1

Examples of Prior ESOP in a sentence

  • Pursuant to the procedures adopted by the Administrator, including but not limited to the establishment of minimum amounts, a Participant may elect to have distributed to him any portion or all of his Prior ESOP Account.

  • That portion of the Participant's Individual Account attributable to the Prior ESOP Account shall be fully-vested and non-forfeitable under the Plan.

  • An individual with a Prior ESOP Account shall automatically become a Participant in the Plan at the time of the transfer of their prior ESOP balance.

  • Notwithstanding the provisions of Subsection 4.2(c) and Section 7.2, effective January 1,1998, a Participant, Former Participant, or Beneficiary after reaching age fifty five (55), may transfer the balance of his Prior ESOP Account from the LG&E Energy Corp.

  • The ESOP became effective January 1, 2020, and on that date, the Prior ESOP lapsed.

  • An individual with a Prior ESOP Account shall automatically become a Participant in the Plan, effective January 1, 1998.

  • The Trustee shall vote Allocated-Uninstructed shares (excluding Allocated-Uninstructed shares of the Prior ESOP Account which qualified the Company for a tax credit under applicable Code provisions, which shall not be voted by the Trustee) and unallocated shares under Section 3.05(i) in the same percentages as the voting instructions received for Allocated-Instructed shares, except in the case where the Trustee determines that to do so would be inconsistent with the provisions of Title I of ERISA.

  • Notwithstanding the provisions of Subsection 4.2(c), effective January 1,1998, a Participant, Former Participant, or Beneficiary after reaching age fifty-five (55), may transfer the balance of his Prior ESOP Account from the LG&E Energy Corp.

  • Notwithstanding the foregoing, the Prior ESOP Contributions Sub-Account held under the Plan will continue to reflect only amounts relating to the Prior ESOP.

  • For purposes of the Plan, Prior ESOP Account shall mean effective January 1, 1998, the balance transferred from the Louisville Gas and Electric Company Employees' Stock Ownership Plan and Trust, plus any investment gains, and minus investment losses and distributions.


More Definitions of Prior ESOP

Prior ESOP means the MacDermid, Incorporated Employee Stock Ownership Plan as in effect from time to time prior to the Effective Date.
Sample 1

Related to Prior ESOP

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

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • ESPP means the Company’s Employee Stock Purchase Plan.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Salary reduction plan means a benefit plan whereby state and

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Equity Plans meanss the stock option and incentive plans adopted and maintained by the Company from time to time.

  • Company Equity Plans means (i) the Company’s 2014 Equity Incentive Plan as amended and restated from time to time, (ii) the Company’s 2004 Equity Incentive Plan, as amended and restated from time to time and (iii) the Inference Technologies Group Inc. 2018 Equity Incentive Plan, as amended and restated from time to time.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Company ESPP means the Company’s Employee Stock Purchase Plan.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).