ESOT definition

ESOT means the trust titled "The Alion Science and Technology Corporation Employee Ownership, Savings and Investment Trust" and adopted and maintained by the Company pursuant to the applicable ESOP Plan Documents.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

ESOT means the trust for the Company's Employee Stock Ownership Plan, or any replacement or substitute for that Plan, as amended from time to time.

ESOT means ▇▇▇▇▇▇ Bros. Co. Employee Stock Ownership Benefit Trust, created by the Company pursuant to the ESOT Trust Agreement to implement the ESOP, as the same now exists and may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

Examples of ESOT in a sentence

As of the Closing Date and, to the best of Borrower’s knowledge at all times thereafter, the ESOT has performed and complied with all the material terms, provisions, agreements and conditions set forth therein and required to be performed or complied with by the ESOT, and no unmatured default, default or breach of any covenant by any such party exists thereunder.
The ESOT is not subject to tax imposed under the Code with respect to any item of income or loss of the Company or any Subsidiary of the Company.
The ESOT is not subject to tax imposed under the Code with respect to any item of income or loss of the Borrower or any Subsidiary of the Borrower.
The Borrower shall use the proceeds of Revolving Loans made on and after the Closing Date to fund the Asset Acquisition, to pay fees and expenses incurred in connection with this Agreement, the Asset Acquisition and the ESOT Transaction, for Capital Expenditures, and for the additional working capital needs and other general corporate purposes of the Borrower and its Material Subsidiaries, including, without limitation, the financing of Permitted Acquisitions.
The ESOT Transaction Documents identified in Schedule 1.1.6 (without any modifications or amendments thereto), together with the ESOP Plan Documents identified in Schedule 1.1.5 (without any modifications or amendments thereto), are all duly adopted by the Borrower to the extent intended to be so adopted.

More Definitions of ESOT

ESOT means the trust adopted and maintained by the Parent pursuant to the ESOP Documentation and any successor trust or other trust established in connection with the ESOP.

ESOT means the trust entitled “The Alion Science and Technology Corporation Employee Ownership, Savings and Investment Trust” and adopted and maintained by the Company pursuant to the applicable ESOP Plan Documents, as in effect on the Issue Date and as may be amended as required by a change in applicable law after the Issue Date, any successor trust or other trust established in connection with the ESOP.

ESOT means the trust entitled “Alion Science and Technology Corporation Employee Ownership, Savings and Investment Trust” and adopted and maintained by the Company pursuant to applicable ESOP Plan Documents.

ESOT means the CENTRA Technology, Inc. Employee Ownership Trust.

ESOT means ESOP Trustee Limited;

ESOT means the trust established under the Borrower's Employee Stock Ownership Plan.

ESOT means Employee Share Ownership Trust;