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Document Preview Employee Stock Ownership Plan |
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Title: |
Employee Stock Ownership Plan |
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Entities: |
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Date: |
2007 |
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Size: |
Preview shows 41KB of 177KB total |
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Price: |
$81 |
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ID: |
#2695785 |
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Start of Preview |
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EMPLOYEE STOCK OWNERSHIP PLAN
OF
PEOPLES UNITED FINANCIAL, INC.
Effective as of January 1, 2007
TABLE OF CONTENTS
| Page | ||||
| Article I | ||||
| Definitions | ||||
|
Section 1.1 |
Account | 1 | ||
|
Section 1.2 |
Affiliated Employer | 1 | ||
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Section 1.3 |
Allocation Compensation | 1 | ||
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Section 1.4 |
Bank | 2 | ||
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Section 1.5 |
Beneficiary | 2 | ||
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Section 1.6 |
Board | 2 | ||
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Section 1.7 |
Change in Control | 2 | ||
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Section 1.8 |
Code | 2 | ||
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Section 1.9 |
Committee | 2 | ||
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Section 1.10 |
Company | 2 | ||
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Section 1.11 |
Compensation Committee | 2 | ||
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Section 1.12 |
Designated Beneficiary | 2 | ||
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Section 1.13 |
Disability | 2 | ||
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Section 1.14 |
Discretionary Contribution | 2 | ||
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Section 1.15 |
Eligibility Computation Period | 3 | ||
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Section 1.16 |
Effective Date | 3 | ||
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Section 1.17 |
Eligible Employee | 3 | ||
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Section 1.18 |
Eligible Participant | 3 | ||
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Section 1.19 |
Employee | 3 | ||
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Section 1.20 |
Employment Commencement Date | 3 | ||
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Section 1.21 |
ERISA | 3 | ||
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Section 1.22 |
Exchange Act | 3 | ||
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Section 1.23 |
Fair Market Value | 4 | ||
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Section 1.24 |
Financed Share | 4 | ||
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Section 1.25 |
Five Percent Owner | 4 | ||
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Section 1.26 |
Forfeitures | 4 | ||
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Section 1.27 |
Former Participant | 4 | ||
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Section 1.28 |
415 Compensation | 4 | ||
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Section 1.29 |
General Investment Account | 5 | ||
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Section 1.30 |
Highly Compensated Employee | 5 | ||
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Section 1.31 |
Hour of Service | 5 | ||
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Section 1.32 |
Investment Account | 6 | ||
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Section 1.33 |
Investment Fund | 6 | ||
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Section 1.34 |
Loan Repayment Account | 6 | ||
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Section 1.35 |
Loan Repayment Contribution | 6 | ||
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Section 1.36 |
Maternity or Paternity Leave | 6 | ||
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Section 1.37 |
Named Fiduciary | 6 | ||
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Section 1.38 |
Officer | 6 | ||
ii
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Section 1.39 |
One Year Break in Service | 7 | ||
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Section 1.40 |
Participant | 7 | ||
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Section 1.41 |
Participating Employer | 8 | ||
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Section 1.42 |
Plan | 8 | ||
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Section 1.43 |
Plan Administrator | 8 | ||
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Section 1.44 |
Plan Year | 8 | ||
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Section 1.45 |
Qualified Participant | 8 | ||
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Section 1.46 |
Retirement | 8 | ||
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Section 1.47 |
Retroactive Contribution | 8 | ||
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Section 1.48 |
Share | 8 | ||
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Section 1.49 |
Share Acquisition Loan | 8 | ||
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Section 1.50 |
Share Investment Account | 8 | ||
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Section 1.51 |
Tender Offer | 8 | ||
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Section 1.52 |
Total Compensation | 8 | ||
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Section 1.53 |
Trust | 9 | ||
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Section 1.54 |
Trust Agreement | 9 | ||
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Section 1.55 |
Trust Fund | 9 | ||
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Section 1.56 |
Trustee | 9 | ||
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Section 1.57 |
Valuation Date | 9 | ||
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Section 1.58 |
Vesting Computation Period | 9 | ||
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Section 1.59 |
Year of Eligibility Service | 9 | ||
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Section 1.60 |
Year of Vesting Service | 9 | ||
| Article II | ||||
| Participation | ||||
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Section 2.1 |
Eligibility for Participation. | 9 | ||
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Section 2.2 |
Commencement of Participation. | 10 | ||
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Section 2.3 |
Termination of Participation. | 10 | ||
| Article III | ||||
| Credited Service | ||||
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Section 3.1 |
Computation of Credited Service | 10 | ||
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Section 3.2 |
Service to Acquired Entities. | 11 | ||
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Section 3.3 |
Breaks in Service. | 11 | ||
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Section 3.4 |
Transfer to or From Employment Within the United States. | 12 | ||
| Article IV | ||||
| Contributions by Participants Not Permitted | ||||
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Section 4.1 |
Contributions by Participants Not Permitted. | 12 | ||
iii
| Article V | ||||
| Contributions by Participating Employers | ||||
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Section 5.1 |
In General. | 12 | ||
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Section 5.2 |
Loan Repayment Contributions. | 12 | ||
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Section 5.3 |
Discretionary Contributions. | 13 | ||
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Section 5.4 |
Retroactive Contributions. | 13 | ||
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Section 5.5 |
Time and Manner of Payment. | 14 | ||
| Article VI | ||||
| Share Acquisition Loans | ||||
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Section 6.1 |
In General. | 14 | ||
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Section 6.2 |
Collateral; Liability for Repayment. | 14 | ||
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Section 6.3 |
Loan Repayment Account. | 15 | ||
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Section 6.4 |
Release of Financed Shares. | 16 | ||
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Section 6.5 |
Restrictions on Financed Shares. | 16 | ||
| Article VII | ||||
| Allocation of Contributions | ||||
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Section 7.1 |
Allocation Among Eligible Participants. | |||
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End of Preview |
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