Examples of ESOP Merger Effective Time in a sentence
Notwithstanding the foregoing: (i) effective as of January 1, 2014, any Company Contribution delivered in Shares shall be invested initially in the Employer Stock Fund; and (ii) effective as of the ESOP Merger Effective Time, the initial investment of a Participant’s ESOP Merger Account transferred from the Astoria ESOP shall be invested pursuant to section 17.3.
Effective as of the ESOP Merger Effective Time, the Astoria ESOP is merged with and into the Plan.
Prior to the ESOP Merger Effective Time, an Employee (whether or not he is a Participant) may make one or more ESOP Transfer Contributions to the Plan.