Common use of Employer Stock Fund Clause in Contracts

Employer Stock Fund. Participants in the D&B Savings Plan who, immediately prior to the Effective Time, have balances in the D&B Common Stock fund shall have such balances converted, as of the Effective Time, to units in a pooled stock fund consisting of D&B Common Stock, Cognizant Common Shares and ACNielsen Common Shares. The initial ratio of stock in the pooled stock fund shall be one share of D&B Common Stock to one share of Cognizant Common Shares to 1/3 share of ACNielsen Common Shares. The percentage interest of each participant in the pooled stock fund as of the Effective Time shall equal such participant's percentage interest in the D&B Common Stock fund immediately prior to the Effective Time. Each of the Cognizant Savings Plan and ACNielsen Savings Plan shall maintain a pooled stock fund, to which the pooled stock fund assets of Cognizant Transferred Savings Plan Employees and ACNielsen Transferred Savings Plan Employees in the D&B Savings Plan shall be transferred on the Cognizant Savings Plan Transfer Date and the ACNielsen Savings Plan Transfer Date (as the case may be). From and after the Effective Time, a participant may liquidate his or her units in the pooled stock fund and invest the proceeds thereof in any other investment option available under the applicable plan. A participant may not acquire additional units in the pooled stock fund from or after the Effective Time.

Appears in 3 contracts

Samples: Employee Benefits Agreement (Acnielsen Corp), Employee Benefits Agreement (Dun & Bradstreet Corp), Employee Benefits Agreement (Cognizant Corp)

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Employer Stock Fund. Participants in the D&B Savings Plan who, immediately prior to the Effective Time, have balances in the D&B Common Stock fund shall have such balances converted, as of the Effective Time, to units in a pooled stock fund consisting of D&B Common Stock, Cognizant Common Shares and ACNielsen Common Shares. The initial ratio of 16 16 stock in the pooled stock fund shall be one share of D&B Common Stock to one share of Cognizant Common Shares to 1/3 share of ACNielsen Common Shares. The percentage interest of each participant in the pooled stock fund as of the Effective Time shall equal such participant's percentage interest in the D&B Common Stock fund immediately prior to the Effective Time. Each of the Cognizant Savings Plan and ACNielsen Savings Plan shall maintain a pooled stock fund, to which the pooled stock fund assets of Cognizant Transferred Savings Plan Employees and ACNielsen Transferred Savings Plan Employees in the D&B Savings Plan shall be transferred on the Cognizant Savings Plan Transfer Date and the ACNielsen Savings Plan Transfer Date (as the case may be). From and after the Effective Time, a participant may liquidate his or her units in the pooled stock fund and invest the proceeds thereof in any other investment option available under the applicable plan. A participant may not acquire additional units in the pooled stock fund from or after the Effective Time.

Appears in 2 contracts

Samples: Employee Benefits Agreement (Dun & Bradstreet Corp), Employee Benefits Agreement (Acnielsen Corp)

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