ESOSP definition

ESOSP means the Employee Stock Ownership and Savings Plan, a defined contribution plan.
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Examples of ESOSP in a sentence

  • Notwithstanding the foregoing, effective as of the Distribution Date or such other date as mutually agreed upon by Allegheny and Supply Holdco, Supply Holdco shall have the discretion to modify the Supply Holdco ESOSP.

  • Retiree Life (through the Group Life Insurance Plan and ELIP) SCHEDULE 6.4(a) THIRD PARTY ASO CONTRACTS Pension Plan MetLife, Equitable ESOSP T.

  • After the company match contribution is made by Allegheny for the calendar quarter in which Supply Holdco Employees terminate participation in the Allegheny ESOSP, no further company match contributions will be funded by Allegheny to accounts for Supply Holdco Employees.

  • Upon the mutual agreement of Allegheny and Supply Holdco, the Supply Holdco ESOSP shall accept asset transfers from the Allegheny ESOSP.

  • Effective as of the Distribution Date or other date as mutually agreed upon by Allegheny and Supply Holdco, Supply Holdco shall establish the Supply Holdco ESOSP, or cause to be established, a trust, which is intended to be qualified under Code Section 401(a), exempt from taxation under Code Section 501(a)(1).

  • The Supply Holdco ESOSP shall be comparable to the Allegheny ESOSP.