Qualifying Employer Security definition

Qualifying Employer Security means the Class A and Class B common stock of the Company.

Qualifying Employer Security means stock of the Employer or a marketable obligation of the Employer, as defined in ERISA Section 407.

Qualifying Employer Security means the common stock issued by the Employer which is tradable on an established securities market, or any other securities of the Employer which meet the requirements of Code Section 409(l) and are specified in writing to the Plan Administrator by the Employer.

Examples of Qualifying Employer Security in a sentence

• Except as required by ERISA, the Trustee shall (a) follow all directions above referred to in this Section and (b) shall have no duty to exercise voting or other rights relating to any such security, Qualifying Employer Security or other asset.

• The Trustee shall not accept any Employer contribution in the form of a Qualifying Employer Security unless either (A) that contribution is discretionary and the contributed Qualifying Employer Security is not encumbered, or (B) the contribution of such Qualifying Employer Security satisfies the requirements of ERISA Section 408(e) to the extent applicable.

• If the division date specified in the order is prior to the ex-date of such dividend, then so much of the dividend that is attributable to the Alternate Payee's share of the investment in the Qualifying Employer Security Fund shall be deemed to be earnings on the Alternate Payee share.

• Qualifying Employer Security" means an Employer Security which is stock or a marketable obligation (as defined in ERISA).

• Even if the Plan ceases as an ESOP, any Qualifying Employer Security acquired with the proceeds of an Acquisition Loan will be subject to a put option if the Company Stock is not publicly traded when distributed, or if the Company Stock is subject to a trading limitation when distributed.

More Definitions of Qualifying Employer Security

Qualifying Employer Security means the employer securities as defined in Section 407(d) of ERISA.

Qualifying Employer Security means Common Stock of the Employer which meets the requirements of Code Section 409(l).

Qualifying Employer Security means any common stock of Liberty Media Corporation (formerly Liberty CapStarz, Inc.), any common stock of any affiliated entity of Liberty Media Corporation, and any common stock of any other participating Employer in this Plan, as described in ERISA Section 407(d)(5).

Qualifying Employer Security means an Employer Security which is stock or a marketable obligation (as defined in Section 407(e) of ERISA.

Qualifying Employer Security or “Employer Stock” means common stock of Metavante Technologies, Inc.

Qualifying Employer Security. OR "EMPLOYER SECURITY" means common stock issued by the Employer (or by a corporation which is a member of the same controlled group as the Employer as defined in Section 4.09(l) of the Code) which has a combination of voting power and dividend rights equal to or in excess of that class of common stock of the Employer having the greatest voting power and that class of common stock of the Employer having the greatest dividend rights."

Qualifying Employer Security means an Employer Security which is stock or a marketable obligation (as defined in ERISA).