ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

Examples of ESOP in a sentence

The ESOP Options were issued in two tranches:• Tranche 1: 1,000,000 ESOP Options with an exercise price of $0.125 each, vesting immediately and expire on 22 August 2021; and• Tranche 2: 2,000,000 ESOP Options with an exercise price of $0.125 each, vesting on 22 August 2020 and expire on 22 August 2021.
On 22 August 2018, as members of the Medical Advisory Board, Dr Casarett and Dr Sulak, or their nominees, were issued 1,500,000 Options pursuant to the Employee Share Option Plan (ESOP Options).
The following options were exercised, lapsed/forfeited and remained outstanding under the employee stock option plan 2012 (ESOP 2012) and employee stock option plan 2018 (ESOP 20 I 8).
The Company has established an employee share option plan (ESOP).
The objective of the ESOP was to assist in the recruitment, reward, retention and motivation of employees and contractors of Highfield Resources Limited.

More Definitions of ESOP

ESOP means an "employee stock ownership plan" as such term is defined in Section 407(d)(6) of ERISA or Section 4975(e)(7) of the Code.

ESOP means the employee share option plan of the Company adopted by the shareholders resolutions of the Company on September 5, 2018 and such other arrangements, contracts, or plans as are recommended by management and approved by the Board, with the written approval of the Majority Preferred Holders (as defined in the Shareholders Agreement and Restated M&A), in accordance with the Shareholders Agreement and Restated M&A.

ESOP means the Share Award Scheme (as amended), the Share Option Scheme (as amended) and other employee stock incentive plans of the Company as may be approved in accordance with the Restated Articles and the Restated Shareholders Agreement and adopted by the Company from time to time, under which Shares of the Company have been or shall be issued and reserved for issuance to employees, officers, directors, contractors, advisors or consultants of the Group Companies.

ESOP means Xxxxxxx Account Value Plan or any successor plan.

ESOP shall have the meaning set forth in Section 5.3(e)(vii).

ESOP means the employee benefit plan entitled “The Alion Science and Technology Corporation Employee Ownership, Savings and Investment Plan” adopted and maintained by the Borrower.