Stock Benefit Trust definition

Stock Benefit Trust means the Trust Agreement between Equifax and Wachovia Bank of North Carolina, N.A. dated July 7, 1993.
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Stock Benefit Trust means the Equifax Inc. Stock Benefit Trust.
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Examples of Stock Benefit Trust in a sentence

  • Stock Benefit Trust (Employee Stockholding Association Purchase-type) For the purpose of promoting welfare benefits for employees and giving incentives pertaining to the improvement of corporate value of the Company, the Company introduced “Stock Benefit Trust (Employee Stockholding Association Purchase-type )” (hereinafter referred to as the “Plan”), pursuant to the resolution at the Board of Directors meeting held on May 24, 2017.

  • Reserve for stocks payments In order to provide for the grant of Company shares to directors (excluding non-executive directors and outside directors), senior vice presidents and senior vice presidents (shikkouyakuin) of SOMPO HOLDINGS, according to the “Rules of the Stock Benefit Trust for Directors,” reserve for stocks payments is recorded, with the estimated amount of the stock payment obligation at the end of the fiscal year.

  • Contents of the employee stock ownership plan With the purpose of giving an incentive to enhance corporate value on a medium-to-long term basis, the Company has adopted an employee incentive plan, “ESOP-type Stock Benefit Trust for the Employee Shareholding Association” (hereinafter, the “ESOP Trust”).

  • As of March 31, 2021, 4,840,100 shares of Resona Holdings are held by the ESOP-type Stock Benefit Trust for the Employee Shareholding Association and the Stock Benefit Trust for the Executives.

  • Further the scheme will be administered by Nomination and Remuneration Committee (“NRC”) wherein the NRC shall delegate its power to the Indiamart Employees Stock Benefit Trust to the extent as applicable in the scheme.

  • However, no fraction of a vested Option / SAR Unit shall be exercisable.The Grantee shall make and application along with aggregate exercise price to the Indiamart Employees Stock Benefit Trust for the purpose of exercising the Options and/or SAR Units.

  • Stock Benefit Trust purchased the Company’s 73,827 shares for ¥462 million, and they were accounted for as treasury stock.

  • Figure 13 shows an example of the exercise on the adaptive capacity domain of social cohesion, where workshop participants identified examples in their community where individuals or a group demonstrated either a high or low level of social cohesion.

  • The Scheme will be implemented via Trust Route wherein the Company will make new issue of Equity Shares to the Indiamart Employees Stock Benefit Trust which will be subsequently transferred to the employees on valid exercise of Employee Stock Options and/or Stock Appreciation Right Units.

  • Note 2: Common shares in the "shares less than one unit" column includes 18 shares of treasury stock held by the Company, 62 shares held by the Stock Benefit Trust (BBT), and 14 shares held by the Stock Benefit Trust (J- ESOP).

Related to Stock Benefit Trust

  • Retirement fund means the "Washington law enforcement

  • Plan Trust means the trust governed by the Plan.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • Rabbi Trust means a “rabbi trust” or other similar arrangement established by the Borrower or any of its Subsidiaries to hold assets in connection with an employee benefit plan or arrangement.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Defined Benefit Plan Fraction means a fraction, the numerator of which is the projected annual benefit (determined as of the close of the relevant Plan Year) of the Participant under all Defined Benefit Plans maintained by one or more Related Companies, and the denominator of which is the lesser of (i) the product of 1.25 multiplied by the dollar limitation in effect under Section 415(b)(1)(A) of the Code for the Plan Year, or (ii) the product of 1.4 multiplied by the amount which may be taken into account under Section 415(b)(1)(B) of the Code with respect to the Participant for the Plan Year.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Plan Sponsor has the meaning assigned to the term “plan sponsor” in Section 3(16)(B) of ERISA.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).