Examples of Enterprise Common Stock in a sentence
Each Participant shall be entitled to direct the Trustee as to the manner in which voting rights attributable to Enterprise Common Stock (including fractional shares or fractional rights to shares) allocated to such Participant's ESOP Account are to be exercised.
To the extent practicable, no Equities Fund shall invest in Enterprise Common Stock.
Each ESOP Account shall be maintained on the basis of shares of Enterprise Common Stock allocated to such ESOP Account, with each ESOP Account being credited with the number of full and fractional shares of Enterprise Common Stock so allocated.
Enterprise Common Stock purchased for the Enterprise Common Stock Fund shall be purchased by the Trustee on the open market or directly from Enterprise should Enterprise elect to make such sales.
The cash value of each share of Enterprise Common Stock so transferred shall be equal to the price of a share of Enterprise Common Stock actually received by the Trustee.
All voting discretion, including the power to decide whether or not to tender Enterprise Common Stock in connection with a tender offer, with respect to the shares of Enterprise Common Stock held under the Enterprise Common Stock Fund for the Account of a Participant (whether vested or not vested) shall be vested in the Trustee.
As provided in Section 7.2 with respect to the Enterprise Common Stock Fund, all voting discretion with respect to stock held in a Participant's ESOP Account, including the power to decide whether or not to tender Enterprise Common Stock in connection with a tender offer, shall be vested in the Trustee.
Enterprise Common Stock delivered to the Trustee pursuant to a stock dividend, stock split or reorganization, shall be allocated to the ESOP Account of Participants in that proportion which the shares of each Participant's ESOP Account bears to the total shares of all Participants' ESOP Accounts.
The beneficiary may elect to have such payment made in money by check, or may elect to have any whole shares of Enterprise Common Stock held for the deceased Participant's Enterprise Common Stock Fund subaccount and ESOP Account distributed in shares of Enterprise Common Stock and the balance of the deceased Participant's Account (including the value of any fractional shares of Enterprise Common Stock) paid in money by check.
Stock dividends on shares held by the Enterprise Common Stock Fund, and stock issued upon any split of such shares, shall be credited to such Enterprise Common Stock Fund.