VOY definition
VOY stock certificates in safe keeping for Participants, and will charge the company a fee for such service.
VOY in good standing may participate in the Plan, provided the Associate is regularly purchasing products, completes and submits the official enrollment materials and satisfies certain performance criteria established by the Company as provided in the enrollment materials. Enrollment in the Plan An Associate who is eligible to participate in the Plan may enroll in the Plan by completing and delivering enrollment forms to the Company. Enrollment forms may be obtained at any time upon written request to the Company. Participation in the Plan by eligible Associates will be effective as of the first day of the calendar month, which immediately follows the Company's receipt of such eligible Associate's properly prepared and executed enrollment forms and shall continue until terminated in accordance with the provisions of the Plan. Upon enrollment in the Plan, a separate brokerage account ("Account") is established in the name of the Participant with Dain Rauscher "Dain" (or the "B▇▇▇▇▇-▇▇▇▇▇▇"). The relationship between the Participant and Dain Rauscher is governed by a w▇▇▇▇▇▇ ▇▇▇▇▇▇ent ("Account Agreement") which contains the terms and conditions governing transactions made in or for the Participant's Account under the Plan or otherwise. Except as provided by the Plan, the relationship between the Participants and Dain will be substantially identical to the typical broker/dealer-client relationship. The Company's activities in connection with the Plan will be strictly limited as described herein. Contributions to the Plan; Accounts Sole Participants will contribute to the Plan. The Company will not contribute to the Plan. Each Participant whose gross monthly commission (the "Commission Amount") is ---- or more may voluntarily elect to have contributions to the Plan deducted automatically from his or her Commission check. Participants may also contribute to their Accounts directly. All contributions to the Plan will be subject to the following:
VOY or the "Company") an opportunity to acquire an ownership interest in the Company. Shares of ($0.001)par value Common Stock (the "Common Stock") of the Company will be available for purchase by participating Associates ("Participants") through the Plan on the terms described herein. Such shares may be previously issued and outstanding shares of Common Stock purchased in the open market. Shares acquired by the Participants under the Plan, either in the open market is as hereinafter described are collectively referred to herein as the "Shares." Voyager Shares may not be offered and may not be sold hereunder by the registrant. The Company will not receive the proceeds from the sale of the Shares. The Shares may be purchased initially only by the Plan pursuant to the terms and conditions governing such Plan. The Common Stock of the Company is traded on the National Association of Securities Dealers Automated Quotation system "Nasdaq Electronic Bulletin Board Market System under the symbol "VGNV." The Shares will be offered for resale and purchased by the Plan at prices approximating the market price as reported by Nasdaq Electronic Bulletin Board at the time of sale. Open market purchases of the Shares will also be at prices determined by the market at the time of purchase. See "Description of Plan" and "Plan of Distribution," below. On June 28, 2001, the Company's Common Stock was quoted by NASDAQ Electronic Bulletin Board. The Company will pay all commissions on resale of the Shares and will bear its individual selling expenses. Plan Participants will pay no commissions or fees on the purchase of the Shares under the Plan.