Examples of WABCO Shares in a sentence
The Trustee shall be entitled to satisfy such withholding tax obligations and payments to a Participant or Beneficiary by retaining an appropriate number of Shares, WABCO Shares and/or Non-Share Interests and selling such Shares, WABCO Shares or Non-Share Interests.
Pending investment of any cash proceeds from the distribution of WABCO Shares, the Trustee may temporarily invest and reinvest such proceeds in any marketable short- and medium-term fixed income securities, United States Treasury Bills, other short- and medium-term government obligations, commercial paper, other money market instruments and part interests in any one or more of the foregoing, or may maintain cash balances consistent with the liquidity needs of the Trust as determined by the Trustee.
To the extent that WABCO Shares are converted into cash or other property in a WABCO Transaction or the Trustee is directed to dispose of WABCO Shares in accordance with the preceding sentence, the Trustee shall reinvest the proceeds from any such disposition in Shares (or, if directed by the Committee [or its delegate], in cash or other property).
When valuing the Share Award Account for distribution purposes, Shares shall be valued separately from WABCO Shares, in both cases, based on the Fair Market Value on the last business day of the month preceding the date of distribution.
Distributions shall be subject to all required tax withholdings, and for purposes of Share Award Account distributions and tax withholdings, Shares shall be valued separately from WABCO Shares, with both valued as of the last business day of the month preceding the date of distribution.
Except to the extent expressly provided in this Agreement in respect of WABCO Shares, any dividends on the Company’s Common Stock paid to the Trust, other than a dividend payable in the form of Shares, shall be invested in Common Stock by the Trustee as instructed by the Treasurer of the Company.
Notwithstanding the foregoing, the Trustee shall hold WABCO Shares received as a dividend on Shares credited to a Participant’s Share Award Account until (A) distributed or disposed of in accordance with Section 6 or 7, (B) such WABCO Shares are converted into cash or other property in connection with a WABCO Transaction or (C) directed to dispose of such WABCO Shares, in whole or in part, by the Committee.
From and after February 3, 2005, except to the extent expressly provided in this Agreement in respect of WABCO Shares, any dividends on the Company’s Common Stock paid to the Trust, other than a dividend payable in the form of Shares, shall be invested by the Trustee (i) in Common Stock or (ii) in an interest bearing investment, each as instructed by the Treasurer of the Company based on the preferences of the Participant as specified in accordance with the terms of the Plan.