Examples of Company Stock Non-ESOP Fund in a sentence
The Company Stock Non-ESOP Fund shall not constitute an “employee stock ownership plan” within the meaning of Section 4975(e)(7) of the Code.
Participants shall not be entitled to elect under this subparagraph to receive a distribution from the Plan of dividends paid with respect to Company Stock held on the record date for the dividend by the Company Stock Non-ESOP Fund.
Participants may not elect to transfer funds from another Investment Fund into the Company Stock Non-ESOP Fund, although Participants may elect to transfer funds from the Company Stock Non-ESOP Fund to another Investment Fund (other than the Company Stock ESOP Fund described in Section 6.01(a)(i)(A)(I)) pursuant to Section 6.01(d)(ii).
Contributions made to the Plan that are subject to a Participant’s direction to invest in Company Stock shall be invested in the Company Stock Non-ESOP Fund.
In this respect, a Participant, Beneficiary, or Alternate Payee shall be eligible to transfer all or part of the portion of his Aggregate Account that is invested in the Company Stock ESOP Fund or the Company Stock Non-ESOP Fund to any of the other available Investment Funds (to the extent available for transfers in), as provided in Section 6.01(c) or (d).
Participants may elect to transfer funds from another Investment Fund (other than the Company Stock Non-ESOP Fund described in Section 6.01(a)(i)(A)(II)) into the Company Stock ESOP Fund and to transfer funds from the Company Stock ESOP Fund to another Investment Fund (other than the Company Stock Non-ESOP Fund) pursuant to Section 6.01(d)(ii).
For periods on or after October 5, 2010, each Participant’s proportional interest in the Company Stock ESOP Fund or the Company Stock Non-ESOP Fund shall be measured in full and fractional shares of Company Stock held by the Company Stock ESOP Fund or the Company Stock Non-ESOP Fund, respectively.Any and all rights to sell Company Stock shall be administered in accordance with the Company’s insider trading policy.
Because of the necessary and significant role home inspectors and their reports play in these transactions, the Office of Professional Regulation recommends that home inspectors be subject to licensure in Vermont.
Contributions made to the Plan on or after October 5, 2010 that are subject to a Participant’s direction to invest in Company Stock shall be invested in the Company Stock Non-ESOP Fund.
In each Plan Year, all assets of the Company Stock Non-ESOP Fund shall be transferred to the Company Stock ESOP Fund as of the earliest business day after the record date for the Company Stock dividend and before the close of such year as is administratively practicable.