Section 123 Agreement

OTC Markets Group Celebrates the Passing of ESOP Fairness Act Legislation

Retrieved on: 
Tuesday, March 21, 2023
Linda, IRS, Section 123 Agreement, General counsel, OTCQB, ESOP, D-MI, OTCQX, Growth, OTC Markets Group, Legislation

NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc .

Key Points: 
  • NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc .
  • (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, celebrates the ESOP Fairness Act ( S.3270 ) ( H.R.5851 ), which was included in the SECURE Act 2.0 retirement package that was signed into law on December 29, 2022.
  • With approximately 800 OTCQX and OTCQB companies meeting the criteria under the ESOP Fairness Act, the OTC Markets Group team played an active role in advocating for this legislation on behalf of these companies and their many employees.
  • "The ESOP Fairness Act will make ESOPs more effective for hundreds of community banks and other small companies, and will benefit their many employees across the country.

Ambassador Yousef Al Otaiba Statement on Successful Startup of Unit 1 at Barakah Nuclear Energy Plant

Retrieved on: 
Monday, August 3, 2020
Law by country, Countries, United Arab Emirates–United States relations, Nuclear proliferation, Section 123 Agreement, Nuclear energy in Iran, U.S.–UAE 123 Agreement for Peaceful Civilian Nuclear Energy Cooperation, Nuclear power in the United Arab Emirates

"Over a decade of strategic planning, international cooperation, and a commitment to clean energy is realized with the start-up of Unit 1 at the Barakah Nuclear Energy Plant.

Key Points: 
  • "Over a decade of strategic planning, international cooperation, and a commitment to clean energy is realized with the start-up of Unit 1 at the Barakah Nuclear Energy Plant.
  • "A significant milestone on this historic journey occurred over ten years ago when the U.S. and UAE signed the strongest bilateral civil nuclear agreement cooperation in history.
  • Working with both political parties and spanning two administrations, the UAE voluntarily made the strongest possible nonproliferation commitments, forgoing domestic enrichment and reprocessing of nuclear material.
  • "The landmark U.S.-UAE 123 Agreement remains a model for the development of a peaceful and safe civilian nuclear energy program in the Middle East region.

UAE Delegation Meets with Senior U.S. Government Officials in Washington, DC to Commemorate Ten-Year Anniversary of Peaceful Civilian Nuclear Energy Cooperation

Retrieved on: 
Wednesday, January 22, 2020
Law by country, Countries, Politics by country, United Arab Emirates–United States relations, Emirates Nuclear Energy Corporation, Nuclear power in the United Arab Emirates, Section 123 Agreement, United Arab Emirates

Their visit to the United States also coincided with the ten year anniversary of the signing of the U.S.-UAE Agreement for Peaceful Civilian Nuclear Energy Cooperation (also called a 123 Agreement).

Key Points: 
  • Their visit to the United States also coincided with the ten year anniversary of the signing of the U.S.-UAE Agreement for Peaceful Civilian Nuclear Energy Cooperation (also called a 123 Agreement).
  • Delegation members had the chance to meet with existing and prospective U.S. suppliers and stakeholders from the nuclear energy sector.
  • While in Washington, members of the UAE delegation also participated in roundtable events at the Atlantic Council, and the Nuclear Threat Initiative, meeting with experts to discuss the UAE Peaceful Nuclear Energy Program and the Barakah Nuclear Energy Plant.
  • Located in the Al Dhafra Region of Abu Dhabi Emirate, UAE, the Barakah Nuclear Energy Plant is the first constructed nuclear energy plant in the Arab World and is being developed by ENEC as the cornerstone of the UAE Peaceful Nuclear Energy Program.