Examples of Initial Cash Investment in a sentence
Each of Participant and Whitehall acknowledge and agree that if a Cause Termination occurs, Whitehall shall have the right (but not the obligation), at Whitehall’s election at any time after the occurrence of such Cause Termination, to redeem the Initial Cash Investment at the Redemption Price (such right shall be known as the “Redemption Right”).
Initial Cash Investments and Optional Cash Investments shall be used to purchase shares of the Company's Common Stock as promptly as practical after the Plan Administrator receives the Participant's Initial Cash Investment or Optional Cash Investment in the form of an electronic bank transfer, check or money order payable to Mellon Bank N.A. at least once every five business days.
Existing Shareholders and interested new investors who are not Shareholders are eligible to participate in the Plan and may do so by enrolling on-line over the Internet or by completing the Enrollment Form and returning it to the Plan Administrator, together with an Initial Cash Investment or an Optional Cash Investment, as the case may be.
No Participants' Initial Cash Investment may (a) equal less than $250 or (b) total more than $10,000.
Shareholders or interested new investors may elect to make an Initial Cash Investment by enrolling on-line over the Internet or by completing the Enrollment Form for that purpose and returning it to the Plan Administrator.
The price of the Common Stock purchased directly from the Company with reinvested dividends, Initial Cash Investments or Optional Cash Investments will be the average of the high and low sale prices of shares of the Common Stock reported on the Exchange for the Dividend Payment Date, Initial Cash Investment date or Optional Cash Investment date, as the case may be.
No Participants’ Initial Cash Investment may (a) equal less than $500 or (b) total more than $20,000.
Such investors may participate in the Plan by making a minimum Initial Cash Investment to purchase Common Stock through the Plan and returning a properly executed Initial Investment Form to the Plan Administrator.
Initial Cash Investment: A payment made to the Company to purchase shares of Common Stock to open a Plan Account.
The minimum Initial Cash Investment is $250 for interested investors who are not shareholders (except for those interested investors who are Customers, in which case the minimum is $10).