SASP definition
Examples of SASP in a sentence
The SASP will be responsive to requests from GSA, VA or SBA regarding compliance actions.
Post-spinoff allocations of such dividends, distributions and matching contributions shall be transferred to the trustee of the Company SASP as soon as practicable after they are made.
As of the next calendar quarter end following the third anniversary of the Distribution Date, the CFI Stock Fund shall be closed and its assets moved into another investment fund selected by each participant or, for participants who fail to make a selection, by the Administrative Committee for the Company SASP.
The accounting shall be reasonably satisfactory to the Company for purposes of proper allocation of assets, earnings, gains and losses to the accounts of participants under the Company SASP.
When property is requested that appears outside of the VOSB's business scope, the SASP should document the property's intended use by the VOSB.
As soon as practicable after the Distribution Date, and in any event within 180 days after such date, CFI and the Company shall cause the portion of the TASP that covers Company Employees to be spun off from the TASP and to be merged into the Company SASP.
The Company shall amend the Company SASP as may be required by the Internal Revenue Service as a condition for receipt of a favorable determination letter within the time required by the Internal Revenue Service for adoption of such amendment.
Common stock of CFI held in accounts of Company Employees in the TASP 401(k) and the TASP ESOP shall be transferred in kind in the spinoff and merger and shall be placed initially in the CFI Stock Fund of the Company SASP, credited to the participant-directed accounts of such Company Employees.
Common stock of the Company held in accounts of Company Employees in the TASP ESOP as a result of the Distribution shall be transferred in kind in the spinoff and merger and shall be placed in the matching accounts of such Company Employees in the Company SASP and shall not be subject to participant-directed investment.
When the SASP updates the VOSB eligibility records, it must also ensure the VOSB is still in “verified” status in the VETS First Verification Program.