CEG Common Stock Fund definition

CEG Common Stock Fund means the Investment Fund under the Plan composed of shares of Common Stock and any amounts allocated to the CEG Common Stock Fund but not yet invested in Common Stock. The CEG Common Stock Fund also includes the earnings on amounts not yet invested in Common Stock. The shares of Common Stock held by the CEG Common Stock Fund are purchased by the Trustee either in the open market or otherwise acquired.
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Examples of CEG Common Stock Fund in a sentence

  • The Constellation Savings Plan provides: “Contributions to the Plan will be invested in one or more of the following Investment Funds under the Plan: (1) the CEG Common Stock Fund; (2) the Interest Income Fund; or (3) any Other Investment Fund(s) selected by the Investment Committee from time to time.” (Mot.

  • Any dividends declared and paid on shares of Common Stock in the Employee Stock Account in the CEG Common Stock Fund held by the Trustee pursuant to the Plan shall be invested by the Trustee pursuant to the Trust Agreement in interest bearing accounts.

  • However, to facilitate full investment of monies in the CEG Common Stock Fund, the Plan accounting system allocates fractional shares of Common Stock to Participants’ accounts.

  • To the extent possible, fractional shares will be combined and voted by the Trustee to reflect the instructions of the Participants whose Participant Contribution Accounts, Company Matching Contribution Accounts, Employee Stock Accounts, and Rollover Accounts in the CEG Common Stock Fund have been allocated with such fractional shares.

  • After the final dividend payment in each year has been made by the Company, the Trustee will distribute to each Participant by not later than December 31st of that year the dividend amounts declared and paid on the shares of Common Stock allocated to the Participant’s Employee Stock Account in the CEG Common Stock Fund.

  • All contributions, transfers, and earnings in the Employee Stock Account were initially invested in the CEG Common Stock Fund.

  • Loans from the CEG Common Stock Fund shall be valued based on the Transaction Price on the day the loan is processed.

  • Each Participant shall have the right, and shall be afforded the opportunity (on the prescribed form) to instruct the Trustee how to vote or whether or not to tender shares of the Company’s Common Stock allocated to his Participant Contribution Account, Company Matching Contribution Account, Employee Stock Account, and Rollover Account in the CEG Common Stock Fund.

  • Any distributions from a Participant’s accounts that are invested in the CEG Common Stock Fund will be made in the form of a lump-sum cash payment in lieu of shares of Common Stock, unless the Participant elects a distribution of Common Stock representing investments in the CEG Common Stock Fund by filing an Appropriate Request with the Plan Administrator.

  • Effective February 1, 2006, the portion of the Plan consisting of the CEG Common Stock Fund is intended to be an Employee Stock Ownership Plan under Code Section 4975(e)(7).

Related to CEG Common Stock Fund

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Company Common Stock means the common stock, par value $0.01 per share, of the Company.

  • Merger Sub Common Stock means the common stock, par value $0.01 per share, of Merger Sub.

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Voting Common Stock means the voting common stock, par value $0.01 per share, of the Company.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of the Company.

  • Old Common Stock means the Company's common stock, par value $.01 per share, outstanding as of the date of the Company's filing of the petition commencing the Chapter 11 Case.

  • Company Common Shares means the common shares in the capital of the Company.

  • Holdings Common Stock means the common stock, par value $0.01 per share, of Holdings.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Parent Common Stock means the common stock, par value $0.01 per share, of Parent.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Company Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of the Company.

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • Class B Common Shares means shares of the Class B Common Stock, par value $.01 per share, of the Company.