Unallocated ESOP Shares definition

Unallocated ESOP Shares means the total number of shares of First Texas Common Stock held in the ESOP that are not allocated to participant accounts as of the Effective Time.
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Unallocated ESOP Shares means shares of Common Stock of the Company which are held by the ESOP but have not yet been allocated to participants' accounts.
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Examples of Unallocated ESOP Shares in a sentence

  • For 1994, the weighted average Unallocated ESOP Shares excluded in calculating earnings per share totaled approximately 11.5 million equivalent shares of Lockheed ▇▇▇▇▇▇ common stock.

  • The Metraplex Employee Stock Ownership Plan (the "Metraplex ESOP"), shall be terminated on or prior to the Effective Date, the 43,437 shares of Metraplex Common Stock allocated under the Metraplex ESOP shall be converted into a number of shares of Herley Common Stock based on the Exc▇▇▇▇▇ Ratio and the 121,216 shares of Metraplex Common Stock unallocated under the Metraplex ESOP (the "Unallocated ESOP Shares") shall be converted by Metraplex into the right to receive 3,700 shares of Herley Common Stock.

  • In accordance with the provisions of the SOP, the unallocated common shares held by the ESOP trust (Unallocated ESOP Shares) have been excluded from weighted average outstanding shares in calculating earnings per share.

  • The Unallocated ESOP Shares shall be assigned to the Company, pursuant to an assignment agreement to be executed by the Trustee and the Company, and cancelled immediately prior to the Closing.