IREX Common Stock definition
IREX Common Stock means the shares of capital stock, par value $1.00 per share, of IREX.
Examples of IREX Common Stock in a sentence
The SPI Common Stock fund in the IREX Savings Plan and the IREX Common Stock fund in the SPI Savings Plan are each referred to as a "Non-Employer Stock Fund" with respect to the applicable Plan.
Effective Immediately after the ------------------------ Distribution Date, a SPI Common Stock fund shall be added as an investment option to the IREX Savings Plan and the SPI Savings Plan shall provide for both an IREX Common Stock fund and a SPI Common Stock fund as investment options.
The Board of Directors of IREX has determined that it is in the best interest of IREX and the stockholders of IREX to distribute (the "Distribution") to the holders of IREX Common Stock (as defined herein) all of the shares of SPI Common Stock (as defined herein).