Employee Stock Ownership Plan definition

Employee Stock Ownership Plan means The Cleco Power LLC 401(k) Savings and Investment Plan.

Employee Stock Ownership Plan means any plan that invests more than 10% of its assets in securities of the Company.

Employee Stock Ownership Plan. The Cleco Utility Group Inc. 401(k) Savings and Investment Plan ESOP Trust.

Examples of Employee Stock Ownership Plan in a sentence

• Landscape Structures employs nearly 500 people who, once eligibility requirements are met, all participate as owners of the company through a qualified Employee Stock Ownership Plan and Trust.

• SBA is adding a definition for Employee Stock Ownership Plan (ESOP).

• Xxxxxxxx is a 100% employee-owned firm under an Employee Stock Ownership Plan (ESOP), and therefore does not provide audited financial statements from its public accounting firm.

• An Employer using this Adoption Agreement may not adopt profit-sharing and/or 401(k) features without also adopting the ESOP portion of the Plan.) This Plan is an Employee Stock Ownership Plan (ESOP).

• If an Employee Stock Ownership Plan owns all or part of the concern, SBA con- xxxxxx each stock trustee and plan member to be an owner.

More Definitions of Employee Stock Ownership Plan

Employee Stock Ownership Plan. ’ means a technique of corporate finance that uses a stock bonus trust or a company stock money purchase pension trust which qualifies under section 401(a) of title 26 in connection with the financing of corporate improvements, trans- fers in the ownership of corporate assets, and other capital requirements of a corporation and which is designed to build beneficial eq- uity ownership of shares in the employer cor- poration into its employees substantially in proportion to their relative incomes, without requiring any cash outlay, any reduction in pay or other employee benefits, or the surren- der of any other rights on the part of such em- ployees;

Employee Stock Ownership Plan means The Southern Company Employee Stock Ownership Plan, as amended from time to time.

Employee Stock Ownership Plan means The Southern Company Employee Stock Ownership Plan, as such plan existed prior to December 20, 2006.

Employee Stock Ownership Plan. Section 6.02(a) “Environmental Law” — Section 3.01(y)

Employee Stock Ownership Plan. The Executive shall receive supplemental payments from the Association for the twenty-four (24) months following the month in which his employment is terminated in an amount for each month equal to one-twelfth of the fair market value as of December 31 of the Association's annual contribution to its Employee Stock Ownership Plan ("ESOP") made on his behalf for the Plan year ending immediately preceding his date of termination. If, as of the date of Executive's termination, the Executive is not fully vested in his benefit under the ESOP, the Association shall also pay to the Executive, an additional payment equal to the amount of his account under the ESOP which was forfeited as a result of his termination based upon the fair market value as of the most recent December 31. The supplemental payments determined herein shall be paid in a lump sum payment, to be paid not later than 30 days after termination of employment.

Employee Stock Ownership Plan means any Insured Plan that invests more than 10% of its assets in securities of Insured Entities.

Employee Stock Ownership Plan means The Southern Company Employee Stock Ownership Plan, as amended from time to time until merged into the Employee Savings Plan effective December 20, 2006.