SPX Common Stock Fund definition

SPX Common Stock Fund means the unitized stock fund investment option offered or to be offered under the SPX Savings Plan or Flowco Savings Plan, as applicable, with a value based on the value of SPX Shares and the cash liquidity component held thereunder.
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SPX Common Stock Fund means the Investment Fund under the Plan that is primarily invested in SPX Corporation common stock, provided that cash and cash equivalents (generally not to exceed 4% of the Investment Fund’s assets) may be kept in the Investment Fund to allow the processing of Investment Fund orders (including for distribution and investment diversification requests) and to pay permitted Plan expenses. Participants shall have no ownership in any particular asset of the SPX Common Stock Fund. Proportionate interests in the SPX Common Stock Fund shall be expressed in units. All SPX Common Stock Fund units shall be of equal value and no unit shall have priority or preference over any other.
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Examples of SPX Common Stock Fund in a sentence

  • Flowco Savings Plan Beneficiaries may elect to liquidate their holdings in such SPX Common Stock Fund under the Flowco Savings Plan and invest those monies in any other investment fund offered under the Flowco Savings Plan.

  • The Flowco Savings Plan will provide, effective as of or by the Effective Time, for the establishment of a Flowco Common Stock Fund and SPX Common Stock Fund.

  • To the extent the transfer in Section 6.01(c) occurs before the Flowco Common Stock Fund under the SPX Savings Plan receives the shares of Flowco Common Stock distributed in connection with the Distribution, the Flowco Common Stock Fund shall receive a transfer of and hold all shares of Flowco Common Stock distributed in connection with the Distribution in respect of SPX Common Stock held in the SPX Common Stock Fund under the Flowco Savings Plan.

  • Nothing herein shall require either the Flowco Savings Plan or the SPX Savings Plan to maintain an SPX Common Stock Fund or a Flowco Common Stock Fund for any period of time following the Effective Time.

  • Except as otherwise provided above, the Flowco Savings Plan will provide that Flowco Savings Plan Beneficiaries will be prohibited from increasing their holdings in the SPX Common Stock Fund under the Flowco Savings Plan and no new amounts may be contributed to such SPX Common Stock Fund, whether through employee contributions, employer contributions or exchanges.

  • Outside of such transfer, no new investment, whether in the form of Company or Participant contributions or transfers of existing account balances under the Plan, are to be permitted in the SPX Common Stock Fund.In connection with the Spinoff, the shares of SPX Corporation common stock held under the SPX Common Stock Fund will receive a dividend in the form of Common Stock, and such Common Stock shall be held under the SPX FLOW Stock Fund.

  • In connection with the transfer of the accounts from the Prior Plan to this Plan attributable to Transferred Spinoff Participants, such transfer may result in assets invested in the SPX Common Stock Fund under the Plan.

  • Correlational Variation in the Determinants of Death and Infant Mortality Rates in Africa.

  • The Residential Tenancies Act 1987 originally covered permanent residents of residential parks.

  • Withdrawals shall first be deducted from the Participant’s After Tax Contribution Account; next from the Participant’s ESOP Account (and Account invested in SPX Common Stock Fund) attributable to his SSOP matured stock account; and thereafter as determined in accordance with such uniform rules as the Administrative Committee may establish.

Related to SPX Common Stock Fund

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of the Company.

  • Holdings Common Stock means the common stock, par value $0.01 per share, of Holdings.

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • Old Common Stock means the Company's common stock, par value $.01 per share, outstanding as of the date of the Company's filing of the petition commencing the Chapter 11 Case.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Company Common Stock means the common stock, par value $0.01 per share, of the Company.

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Merger Sub Common Stock means the common stock, par value $0.01 per share, of Merger Sub.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Parent Common Stock means the common stock, par value $0.01 per share, of Parent.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Outstanding Company Common Stock means the outstanding shares of Common Stock, par value $1 per share, of the Company;

  • Fully-Diluted Common Stock means, at any time, the then outstanding Common Stock plus (without duplication) all shares of Common Stock issuable, whether at such time or upon the passage of time or the occurrence of future events, upon the exercise, conversion, or exchange of all then outstanding Common Stock Equivalents.

  • Class B Common Shares means shares of the Class B Common Stock, par value $.01 per share, of the Company.

  • Purchaser Common Stock means the common stock, par value $0.01 per share, of Purchaser.

  • Company Common Shares means the common shares in the capital of the Company.

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.