PAYSOP definition

PAYSOP means the Zions Bancorporation Payroll Stock Ownership Plan, a tax-credit employee stock ownership plan within the meaning of Code §409(a), which was merged into this Plan pursuant to that certain trust to trust transfer agreement effective December 29, 1988.

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PAYSOP means the Barnes Group Inc. Employee Stock Ownership Plan.

PAYSOP means the Employee Stock Ownership Plan of Avery International which was merged into the Savings Plan effective July 31, 1987.

Examples of PAYSOP in a sentence

The assets of the BellSouth Employee Stock Ownership Plan (PAYSOP) are held in a sub-trust of the Master Savings Trust.
The Trustee shall not use dividends on Qualifying Employer Securities allocated to PAYSOP Share Accounts and other assets of PAYSOP Cash Accounts to pay principal or interest on an Exempt Guaranteed Loan.
Bear Stearns will distribute or cause to be distributed at the earliest a▇▇▇▇▇▇▇ate time to Employee, the accumulated benefits in such plans as Employee participated in, including ESOP, profit sharing, PAYSOP, 401-K and pension plans, each as may be applicable due to Employee's participation through the Last Date or Resignation Date, as applicable; any such distribution will be in accordance with each plan's customary method of distribution.
All amounts credited to a Participant's Salary Deferral, After Tax, Supplemental, ▇▇▇▇▇▇▇▇▇ Mortgage, Rollover Accounts PAYSOP, After Tax Loan, ESOP Deferral and Transfer Accounts shall be fully vested and nonforfeitable at all times.
Shares of Qualifying Employer Securities allocated to Participants' PAYSOP Share Accounts and Employee Stock Contribution Accounts, for which no instructions are received by the Trustee, will not be tendered or exchanged.

More Definitions of PAYSOP

PAYSOP means the Ohio Edison System Payroll-Based Tax Credit Employee Stock Ownership Plan.

PAYSOP means the Southern California Water Company Payroll Based Tax Credit Employee Stock Ownership Plan, which plan is merged with this Plan effective as of January 1, 1988.

PAYSOP means a Payroll Stock Ownership Plan as defined in Section 41 of the Internal Revenue Code of 1954, designed to invest primarily in employer securities in accordance with Section 9.4(f);

PAYSOP means the Payroll-Based Stock Ownership Plan for Employees of ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co., Inc. and Affiliates, as at January 1, 1983, as amended from time to time.

PAYSOP means the portion of the Merged Plan that was established and maintained pursuant to the terms and conditions of the Merged Plan as set forth in Appendix II.

PAYSOP means the Northeast Utilities Service Company Payroll-Based Employee Stock Ownership Plan.

PAYSOP means the Payroll-Based Stock Ownership Plan for Employees of Merrill Lynch & Co., Inc. and Affiliates, as at January 1, 1983, as amended from time to time.