ESOP Trust definition

ESOP Trust means the Trust established under the ESOP.
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ESOP Trust means the Appleton Papers Inc. Employee Stock Ownership Trust.
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ESOP Trust means a trust created under an employee stock ownership plan as defined in Section 407(d)(6) of ERISA which purchases capital stock of the relevant Subsidiary for the benefit of employees of such Subsidiary and its subsidiaries.
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Examples of ESOP Trust in a sentence

  • All provisions hereof shall be construed so as to maintain (a) the ESOP as a tax-qualified, leveraged employee stock ownership plan under Section 401(a) and 4975(e)(7) of the Internal Revenue Code of 1986, as amended (the “Code”), (b) the ESOP Trust as exempt from taxation under Section 501(a) of the Code, and (c) the loan as an exempt loan under Section 54.4975-7(b) of the Treasury Regulations and as described in Department of Labor Regulation Section 2550.408b-3.

  • Such acceptance shall be made by delivering a written notice to the Company, the ESOP Trust and the Warrant Agent within the New Securities Acceptance Period specifying the number of New Securities that such Holder shall purchase.

  • This Agreement may be amended, supplemented or modified only by a written instrument duly executed by or on behalf of the Requisite Holders and the ESOP Trust, and, in the case of Section 2.2 and this Section 4.5, the Required Warrant Holders (as defined in the Warrant Agreement).

  • All provisions hereof shall be construed so as to maintain (a) the ESOP as a tax-qualified, leveraged employee stock ownership plan under Section 401(a) and 4975(e)(7) of the Internal Revenue Code of 1986, as amended (the “Code”), (b) the ESOP Trust as exempt from taxation under Section 501(a) of the Code and (c) the loan as an exempt loan under Section 54.4975-7(b) of the Treasury Regulations and as described in Department of Labor Regulation Section 2550.408b-3.

  • The Company has delivered to the ESOP Trustee complete, current and accurate copies of the ESOP plan document and the ESOP Trust Agreement.


More Definitions of ESOP Trust

ESOP Trust has the meaning set forth in Section 4.11(d)(i).
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ESOP Trust means the trustees for the time being of the 2015 Hulamin
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ESOP Trust means the Tribune Employee Stock Ownership Trust, dated April 1, 2007.
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ESOP Trust means the Performance Holdings, Inc. Employee Stock Ownership Trust (under which the ESOP Trustee is the trustee) established pursuant to the ESOP Plan Declaration and the ESOP Trust Agreement.
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ESOP Trust means that certain Tribune Employee Stock Ownership Trust, dated as of April 1, 2007, with an effective date as of February 7, 2007, by and between Tribune and GreatBanc.
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ESOP Trust means the portion of the Trust Fund attributable to amounts held in the ESOP Accounts, the Suspense Subfund, and the Released and Unallocated Subfund.
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ESOP Trust means the Argo-Tech Employee Stock Ownership Trust created pursuant to the terms of the ESOP Plan and Trust Document.
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