Employee Stock Ownership Plan. The Executive will be eligible to participate in the Company’s Employee Stock Ownership Plan (“ESOP”), subject to the terms and conditions of the ESOP.
Employee Stock Ownership Plan. The Employee shall be entitled to participate in the Bank’s parent’s employee stock ownership plan in effect from time to time, commencing on January 1st following one (1) year of employment.
Employee Stock Ownership Plan. After the Effective Time, D&B, Cognizant and ACNielsen shall each establish an ESOP for the benefit of their respective employees, but only to the extent required by any letter ruling issued by the Service with respect to the Distribution.
Employee Stock Ownership Plan. The Employee shall be entitled to participate in the Company’s employee stock ownership plan in effect from time to time.
Employee Stock Ownership Plan. The Executive shall have the option to participate in the HCC’s Employee Stock Ownership Plan on the same basis as other executives in comparable positions with the Bank.
Employee Stock Ownership Plan. The Company agrees that, in accordance with its rights under the Monroc, Inc. Employee Stock Ownership Plan (the "ESOP"), the Company will direct the voting in favor of approval and adoption of the Merger Agreement of any Shares held in the ESOP with respect to which any ESOP participant has failed to give the ESOP trustee timely instructions as to how to vote such Shares.
Employee Stock Ownership Plan. On or prior to the Distribution Date, Marketing shall approve and take all steps necessary to establish the Employee Stock Ownership Plan. Section 6.05
Employee Stock Ownership Plan. Prior to the Effective Time and contingent on the closing of the transaction contemplated by this Agreement, the Company (acting, where appropriate, through the Company Board or a committee thereof) shall take all action as may be necessary so that the accounts of all employees under the Company's Employee Stock Ownership Plan are fully vested as of the Effective Time.
Employee Stock Ownership Plan. BHLB agrees to take all such actions related to the Beacon Federal ESOP as stated in Section 6.14 of this Agreement.
Employee Stock Ownership Plan. The Sellers and the Employee Stock Ownership Plan for Employees of American Water Works, Inc. and its Designated Subsidiaries ("Sellers' ESOP") shall retain all liabilities for benefits accrued under Sellers' ESOP for any Employees or former employees and shall cause those benefits to be paid for Employees, former employees and their beneficiaries in accordance with the terms of Sellers' ESOP.
