IBM Stock Fund definition
Examples of IBM Stock Fund in a sentence
Your share (if any) of the Net Settlement Fund will depend upon the amount of IBM Stock Fund shares you acquired and sold in your Plan account(s) during the Class Period as shown by the Plan’s records and as described in the Plan of Allocation which the Court ultimately approves.
Your share (if any) of the Net Settlement Fund will depend upon the amount of IBM Stock Fund shares you acquired and sold in your Plan account(s) during the Class Period, as described in the Plan of Allocation which the Court has preliminarily approved.
You are a member of the Settlement Class if you fall within the definition of the Settlement Class approved by the Court: All Persons who were participants in or beneficiaries of the IBM 401(k) Plus Plan (the “Plan”) at any time from January 21, 2014 through and including October 20, 2014 (the “Class Period”), and whose Plan accounts included investments in the IBM Stock Fund.
You or someone in your family was a participant in the Plan during the Class Period and your, or their, Plan account(s) invested in the IBM Stock Fund.
If you were a participant in the Plan at any time from January 21, 2014 through and including October 20, 2014, or if you were a beneficiary of any such participant, and your Plan account included investments in the IBM Stock Fund, then you are a member of the Settlement Class (a “Settlement Class member”).
The Settlement generally provides for payments to individuals who had portions of their Plan accounts invested in the IBM Stock Fund, consisting primarily of International Business Machines Corporation (“IBM” or the “Company”) common stock, at any time between January 21, 2014 through and including October 20, 2014.
Because the wrongful conduct alleged in this Action allegedly affected a large group of people – participants of the Plan during the relevant time period whose Plan accounts included investments in the IBM Stock Fund – in a similar way, Named Plaintiffs filed this case as a class action.
This means that Settlement Class members will be enjoined from and will not have the right to ▇▇▇ Defendants’ Releasees for anything related to the investment of Plan assets in the IBM Stock Fund or related matters during the Class Period.
In the present case, Plaintiffs allege that they were Plan participants or beneficiaries during the Class Period with Plan accounts that included investments in the IBM Stock Fund, that the Plan’s fiduciaries treated them and all other Plan participants alike, and that Plan-wide relief is necessary and appropriate under ERISA.
This means that Settlement Class members will be enjoined from and will not have the right to ▇▇▇ the released persons for anything related to the investment of Plan assets in the IBM Stock Fund or related matters during the Class Period.