Tax-Qualified Employee Stock Benefit Plan

Example Definitions of "Tax-Qualified Employee Stock Benefit Plan"
Tax-Qualified Employee Stock Benefit Plan. Any defined benefit plan or defined contribution plan, such as an employee stock ownership plan, stock bonus plan, profit-sharing plan or other plan, which is established for the benefit of the employees of the Holding Company and/or the Bank and any Affiliate thereof and which, with its related trust, meets the requirements to be 'qualified' under Section 401 of the Code as from time to time in effect. A 'Non-Tax-Qualified Employee Stock Benefit Plan' is any defined benefit plan or defined... contribution stock benefit plan that is not so qualified. View More
Tax-Qualified Employee Stock Benefit Plan. Any defined benefit plan or defined contribution plan, such as an employee stock ownership plan, stock bonus plan, profit-sharing plan or other plan, which is established for the benefit of the employees of the Holding Company and/or the Bank and any Affiliate thereof and which, with its related trust, meets the requirements to be 'qualified' under Section 401 of the Code as from time to time in effect. Code. A 'Non-Tax-Qualified Employee Stock Benefit Plan' is any defined benefit plan or... defined contribution stock benefit plan that which is not so qualified. View More
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