Examples of Questar Common Stock in a sentence
Following the Effective Date, each Transferred Director shall reallocate all Assumed Accounts deemed invested in the Questar Common Stock Fund into either the Common Stock Option or the Certificates of Deposit Option no later than December 31, 2011; provided, that any Assumed Accounts that remain deemed invested in the Questar Common Stock Fund as of December 31, 2011 shall automatically be reallocated into the Common Stock Option as of such date.
For stockholders of Questar who own Questar Common Stock through a broker or other nominee, their shares of QEP Common Stock will be credited to their respective accounts by such broker or nominee.
Subject to conditions and other terms in this ARTICLE IV, each holder of Questar Common Stock on the Record Date (or such holder’s designated transferee or transferees) will be entitled to receive one share of QEP Common Stock for each share of Questar Common Stock held by such stockholder as provided in the defined term “Distribution”, which distribution ratio has previously been determined by the Board of Directors of Questar.
In no event shall any deemed investment allocations be permitted into the Questar Common Stock Fund on or after the Effective Date.
Assets to be transferred pursuant to this Section 3.1(b) shall be in kind and/or in cash, as determined by Questar in its discretion; provided that the investments in Questar Common Stock and QEP Common Stock shall be transferred in-kind.
The resulting number of phantom shares of Questar common stock shall remain in the Questar Common Stock Fund, effective as of the Effective Date, and shall be accounted for as if invested in shares of Questar common stock with the applicable portion of the Cash Compensation Sub-Account credited with dividends at the same time and at the same rate as actual dividends are paid by Questar with respect to Questar common stock.
The resulting number of phantom shares of the Company’s Common Stock shall automatically be transferred from the Questar Common Stock Fund and credited to the Common Stock Option, effective as of the Effective Date.
With respect to each Transferred Director, any Assumed Accounts that, immediately prior to the Effective Date, were deemed invested in the Questar Common Stock Fund under the Questar Plan, initially will be credited to the Questar Common Stock Fund under the Plan as of the Effective Date, subject to adjustment as provided in paragraph (d) below.
Subject to conditions and other terms in this ARTICLE IV, Questar will cause the Agent on the Distribution Date to distribute all of the outstanding shares of QEP Common Stock then owned by Questar to holders of Questar Common Stock on the Record Date, and to credit the appropriate number of such shares of QEP Common Stock to book entry accounts for each such holder or designated transferee or transferees of such holder of QEP Common Stock.