Examples of Dividend Reinvestment Account in a sentence
Notwithstanding any contrary provision of this Plan, a Participant shall always be 100% vested in his or her Dividend Reinvestment Account without regard to the vested percentage of underlying stock.
In the event a Participant does not complete an election (a “Dividend Payment Election”) to have his or her Cash Dividends distributed outside the Plan, the Cash Dividends allocated to Company Stock held in his or her Account shall be automatically paid to the Plan, allocated to the Dividend Reinvestment Account and reinvested in Company Stock.
Upon receipt of a request in such form and manner as the Committee shall prescribe, a Member who is an Employee age 59-1/2 or over may make a withdrawal of all or a portion of the value of his Employee After-Tax Account, Dividend Reinvestment Account, Rollover Account, Deferral Account and Company Matching Account in which he is vested, except as otherwise provided in Section 8.02(g), in accordance with Sections 8.06, 8.07, 8.08 and 8.09.
Loan amounts will be taken first from the Participant's vested portion of his Company Matching Account, then from the Deferral Account, then from the Rollover Account, then from the Employee After-Tax Account, and then from the Dividend Reinvestment Account .
Cash dividends on Company Stock allocated to a Participant’s Company Stock Funds shall be credited to the Participant’s Dividend Reinvestment Account, to the extent the Cash Dividends are not distributed directly to the Participant outside of the Plan pursuant to a Dividend Payment Election under Section 15.03.
Amounts transferred from the Sky ESOP pursuant to this Section from a Participant’s “Dividend Reinvestment Account” under the Sky ESOP shall be held and invested in the Participant’s Dividend Reinvestment Account under this Plan.
The "ESOP Dividend Reinvestment Account" of a Participant shall mean a Participant's individual account in the Trust Fund in which is held his or her allocated share of Company Stock and cash, as determined pursuant to subsection 4.7(e)(vii) below, attributable to ESOP Dividends for which such Participant made a Reinvestment Election.
An Employee who is an active Participant in this Plan shall be fully vested at all times in his interest in his Employee After-Tax Account, Deferral Account, Defined Company Contribution Account, Dividend Reinvestment Account and Rollover Account.
Account” or “Accounts” means the record of a Participant’s interest in the Trust Fund, including, where applicable, the Participant’s Profit Sharing Contributions Account, 401(k) Contributions Account, Matching Contributions Account, Safe Harbor Matching Contributions Account, Prior Plan Account, Rollover Contributions Account, Frozen Plan Account, Dividend Reinvestment Account and ESOP Account.
You should make your share election for shares held in your Dividend Reinvestment Account or another plan account maintained for you by Compass’ transfer agent, Continental Stock Transfer and Trust Company, by completing the Form of Election and returning it to the Exchange Agent.