Stock Ownership Requirement definition

Stock Ownership Requirement means, with respect to a corporation, stock owned representing at least 80% of the total voting power and at least 80% of the total value of the stock of such corporation.
Sample 1Sample 2Sample 3
Stock Ownership Requirement means the obligation of Customer to own minimum amounts of Capital Stock in accordance with the Capital Plan.
Sample 1Sample 2Sample 3
Stock Ownership Requirement means, with respect to a corporation and as determined for U.S. federal income tax purposes, stock owned representing at least 80% of the total voting power and at least 80% of the total value of the stock of such corporation.
Sample 1Sample 2Sample 3

Examples of Stock Ownership Requirement in a sentence

  • Board of Directors Stock Ownership Requirement The Board believes that, in order to align the interests of the Directors and shareholders, Directors should have a significant financial stake in the corporation.

  • The Stock Ownership Requirement Plan also currently requires AEP Career Shares to be held until after a participant’s employment with the Company Terminates.

  • Those premises on which an accumulation of weeds, vegetation, rubbish, dead organic matter, debris, garbage, offal, rat harborages, stagnant water, combustible materials, and similar materials or conditions constitute fire, health, or safety hazards.

  • Except to the extent mandatorily deferred as AEP Career Shares under the American Electric Power System Stock Ownership Requirement Plan, the value of each earned performance unit is equal to the average closing market price of one share of AEP common stock for the last 20 trading days of the Performance Period.

  • AEP Career SharesPlease refer to the terms of the AEP Stock Ownership Requirement Plan to determine how performance units that are deferred into AEP Career Shares will be administered.

  • Your performance unit payment will be deferred if you have made a valid deferral election or if you are subject to an unsatisfied Minimum Stock Ownership Requirement pursuant to the American Electric Power System Stock Ownership Requirement Plan (currently applicable only to salary grade 36 and higher employees).

  • If you have an unsatisfied Minimum Stock Ownership Requirement, your vested performance units will be mandatorily deferred into AEP Career Shares to the extent needed to satisfy your largest such requirement.

  • Dunn, “Romans 7, 14-25 in the Theology of Paul,” Theologische Zeitschrift, September/October, 1975, 261.With advances in our understanding of the Greek verb in recent decades,13 various ways have been suggested for interpreting the consistent use of the present tense in vv.

  • Stock Ownership Requirement All of our Named Executive Officers are expected to own a significant number of shares of our common stock.

  • Board of Directors Stock Ownership Requirement The Board believes that, in order to align the interests of the Directors and shareholders, Directors should have a significant financial stake in the Company.


More Definitions of Stock Ownership Requirement

Stock Ownership Requirement means ownership of a number of unrestricted freely tradable shares of Common Stock at least equal to the applicable share ownership percentage for the applicable vesting date of the number of shares that were subject to stock option awards granted to you that are designated as “Stock Ownership Requirement Awards”, in each case as adjusted for stock splits, stock dividends or reverse stock splits. For these purposes, “unrestricted freely tradable shares of Common Stock” shall not include (i) derivative securities, including nonvested or unexercised stock options (regardless of whether such stock options become vested or exercisable on the applicable date of determination), and other nonvested or forfeitable equity awards, of the Company, and (ii) shares of nonvested restricted stock of the Company, including shares of restricted stock whose restrictions lapse (or may lapse) on the applicable date of determination. Notwithstanding the foregoing and solely for the purposes of the Stock Ownership Requirement determination, stock units under the FTI Consulting, Inc. Deferred Compensation Plan for Key Employees and Non-Employee Directors will count as “unrestricted freely tradable shares of Common Stock”. The below schedule sets the applicable share ownership percentage for each vesting date.
Sample 1
Stock Ownership Requirement means ownership of a number of unrestricted freely tradable shares of Common Stock at least equal to the applicable share ownership percentage for the applicable vesting date of the number of shares that were subject to stock option awards granted to you that are designated as “Stock Ownership Requirement Awards”, in each case as adjusted for stock splits, stock dividends or reverse stock splits. For these purposes, “unrestricted freely tradable shares of Common Stock” shall not include (i) derivative securities, including nonvested or unexercised stock options (regardless of whether such stock options become vested or exercisable on the applicable date of determination), and other nonvested or forfeitable equity awards, of the Company, and (ii) shares of nonvested restricted stock of the Company, including shares of restricted stock whose restrictions lapse (or may lapse) on the applicable date of determination. Notwithstanding the foregoing and solely for the purposes of the Stock Ownership Requirement determination, stock units under the FTI Consulting, Inc. Deferred Compensation Plan for Key Employees and Non-Employee Directors will count as “unrestricted freely tradable shares of Common Stock”. The below schedule sets the applicable share ownership percentage for each vesting date. Percentage Vesting Date 8.33% First Anniversary of Effective Date 16.67% Second Anniversary of Effective Date 25.00% Third Anniversary of Effective Date 33.33% Fourth Anniversary of Effective Date 41.67% Fifth Anniversary of Effective Date 50.00% Sixth Anniversary of Effective Date
Sample 1

Related to Stock Ownership Requirement

  • Stock Ownership means any direct or indirect ownership of Stock, including any ownership by virtue of application of constructive ownership rules, with such direct, indirect, and constructive ownership determined under the provisions of Section 382 of the Code and the regulations thereunder.

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

  • Common Stock Ownership Limit means not more than 9.8% (in value or in number of shares, whichever is more restrictive) of the aggregate of the outstanding shares of Common Stock of the Company. The number and value of outstanding shares of Common Stock of the Company shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • 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.

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the Annual Additions to the Member's account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Member's nondeductible employee contributions to all defined benefit plans, whether or not terminated, maintained by the Employer, and the Annual Additions attributable to all welfare benefit funds, individual medical accounts, and simplified employee pensions, maintained by the Employer), and the denominator of which is the sum of the maximum aggregate amounts for the current and all prior Limitation Years of service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The maximum aggregate amount in any Limitation Year is the lesser of (i) 125 percent of the dollar limitation under Code Section 415(c)(1)(A) after adjustment under Code Section 415(d) or (ii) 35 percent of the Member's Compensation for such year. If the Employee was a member as of the end of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Plan Fraction would otherwise exceed 1.0 under the terms of this Plan. Under the adjustment, an amount equal to the product of (i) the excess of the sum of the fractions over 1.0 times (ii) the denominator of this fraction, will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the plan made after May 5, 1986, but using the Code Section 415 limitation applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Addition for any Limitation Year beginning before January 1, 1987, shall not be recomputed to treat all employee contributions as Annual Additions.

  • Aggregate Stock Ownership Limit means not more than 9.8% in value of the aggregate of the outstanding shares of Equity Stock. The value of the outstanding shares of Equity Stock shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • capital accumulation plan means a tax assisted investment or savings plan, including a defined contribution registered pension plan, a group registered retirement savings plan, a group registered education savings plan, or a deferred profit-sharing plan, that permits a plan member to make investment decisions among two or more investment options offered within the plan, and in Québec and Manitoba, includes a simplified pension plan;

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Rollover means the renewal of all or any part of any LIBOR Rate Loan upon the expiration of the Interest Period with respect thereto, pursuant to Section 2.3.

  • Risk retention group means any corporation or other limited liability association:

  • Company Matching Contributions means the Company contributions described in Section 3.4.

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

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.