Prior ESOP definition

Prior ESOP means the Employee Stock Ownership Plan of the Public Service Company of Colorado and Subsidiaries as in effect prior to January 1, 1989.
Sample 1Sample 2
Prior ESOP means the MacDermid, Incorporated Employee Stock Ownership Plan as in effect from time to time prior to April 1, 1996,
Sample 1
Prior ESOP means the Shared Medical Systems Corporation ------------ Employee Stock Ownership and Savings Plan as in effect prior to its amendment and restatement as the SHARED MEDICAL SYSTEMS CORPORATION RETIREMENT AND SAVINGS PLAN, effective January 1, 1989 (name changed to SHARED MEDICAL SYSTEMS CORPORATION RETIREMENT SAVINGS PLAN, effective January 1, 1994).
Sample 1

Examples of Prior ESOP in a sentence

  • A Participant may transfer the cumulative balance of his Individual Account, excluding the portion attributable to his Prior ESOP Account.

  • The ESOP became effective January 1, 2020, and on that date, the Prior ESOP lapsed.

  • An individual with a Prior ESOP Account shall automatically become a Participant in the Plan at the time of the transfer of their prior ESOP balance.

  • That portion of the Participant's Individual Account attributable to the Prior ESOP Account shall be fully-vested and non-forfeitable under the Plan.

  • A Member’s Prior ESOP Account shall be invested entirely in the ITT Stock Fund, Exelis Stock Fund, and Xylem Stock Fund, as applicable, except when a Member elects to have all or part of his Prior ESOP Account transferred to or invested in another Investment Fund pursuant to this Article 7.

  • Pursuant to the procedures adopted by the Administrator, including but not limited to the establishment of minimum amounts, a Participant may elect to have distributed to him any portion or all of his Prior ESOP Account.

  • Such Individual Account is comprised of the following accounts: a Salary Redirection Account, a Matching Contribution Account, a Rollover Contribution Account, and effective January 1, 1998 the Prior ESOP Account.

  • Such Individual Account is comprised of the following accounts: a Salary Redirection Account, a Matching Contribution Account, a Rollover Contribution Account, and effective January 1, 1998, the Prior ESOP account, Voluntary Employee Contribution Account, the Prior LPI Plan account, and the Prior LNI Plan account.

  • Notwithstanding the provisions of Subsection 4.2(c) and Section 7.2, effective January 1,1998, a Participant, Former Participant, or Beneficiary after reaching age fifty five (55), may transfer the balance of his Prior ESOP Account from the LG&E Energy Corp.

  • On July 1, 1997, the Prior ESOP was merged into the Plan and all participant accounts in the Prior ESOP were transferred to the Plan.


More Definitions of Prior ESOP

Prior ESOP means the MacDermid, Incorporated Employee Stock Ownership Plan as in effect from time to time prior to the Effective Date.
Sample 1

Related to Prior ESOP

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • ESPP means the Company’s Employee Stock Purchase Plan.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Salary reduction plan means a benefit plan whereby state and

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Equity Plans meanss the stock option and incentive plans adopted and maintained by the Company from time to time.

  • Company Equity Plans means the Company’s 1994 Stock Option Plan, 1998 Stock Option Plan, 2000 Stock Option Plan, 2003 Equity Incentive Plan and 2005 Equity Incentive Plan, each as may be amended from time to time, and any stock option agreements, award notices, stock purchase agreements or other agreements or instruments executed and delivered pursuant thereto.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Company ESPP means the Company’s Employee Stock Purchase Plan.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Company Equity Awards means the Company Options and the Company RSUs.