Examples of ESOP Documents in a sentence
The Trustee will conduct the vote of the participants and beneficiaries in compliance with all requirements of ERISA and applicable state and federal laws and consistent with the provisions of the ESOP Documents, as amended as necessary to satisfy the provisions of this Agreement, including this Subsection (a).
Common Stock Sellers and Preferred Stock Seller, respectively, are not a party to any agreement and have no knowledge of any agreement or impediment, other than compliance with applicable law and with the applicable provisions of the ESOP Documents, that would prevent amendment, termination or discontinuation of the ESOP.
Neither the Guarantor, the Master Partnership nor any Operating Company is in default in the payment, performance or observance of any contract, agreement or other instrument to which it is a party or by which it or its properties or assets may be bound, which individually or together with all other such defaults could reasonably be expected to have a Material Adverse Effect or materially impair the ability of the Guarantor to perform or observe the provisions of the Note Documents or the ESOP Documents.
The Guarantor is Solvent, both before and after giving effect to this Guaranty, the Note Agreement, the other Note Documents, the ESOP Documents and the transactions contemplated hereby and thereby.
Following the date of Closing, the Company will reasonably promptly proceed to request an updated determination letter from the Internal Revenue Service in order to reflect changes made in the ESOP since the issuance of the September 3, 1996 letter, and, in that connection, the Company agrees to modify the ESOP Documents to the extent reasonably requested by the Internal Revenue Service as a condition to obtaining such updated determination letter.