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

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.
If you own your shares pursuant to the AMERCO Employee Stock Ownership Plan (“ESOP”) and you do not vote, the ESOP Trustee will vote your shares on your behalf, in its discretion.
The total amount of dividends decided at the Annual General Meeting of Shareholders on June 21, 2022 includes dividends of 1 million yen for the Company's shares held by the trust account of the Employee Stock Ownership Plan (J-ESOP).
Contributions to the Plan and investment income thereon are taxable to Participants upon distribution pursuant to the rules provided for under the Plan and the Code.The Plan also allows, at the discretion of the Company, participants of the former Union Electric Company Employee Stock Ownership Plan and the former Ameren Corporation Employee Stock Ownership Plan for Certain Employees of AmerenCIPS, to receive certain distributions prior to termination of employment.
In case of issuance of shares under the Employee Stock Ownership Plan, the Company must send a report on the results of the issuance within 15 days from the end of the collection of money to buy shares or the date of transfer of ownship rights of bonus shares for employees according to the form in Appendix 29 promulgated with Circular 118/2020/TT-BTC.

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. Section 6.02(a) “Environmental Law” — Section 3.01(y)

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. 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. The Employee Stock Ownership Plan of Getty Petroleum Marketing Inc.