White Mountains Stock Fund definition

White Mountains Stock Fund means an investment fund consisting of White Mountains Stock and short-term money market investments in which funds may be temporarily invested pending investment in White Mountains Stock. Such fund shall be invested by the Trustee solely in White Mountains Stock purchased by the Trustee in the open market or by private purchase from WMIG or others at the fair market value of such shares at the time of purchase as determined by the Trustee. White Mountains Stock may also be acquired within the Plan for the Accounts of Participants from the Accounts of Participants who elect, or whose Beneficiaries elect, to receive cash distributions from the Plan instead of White Mountains Stock allocated to their Accounts. In acquiring White Mountains Stock for the Accounts of Participants the Trustee may net purchases, including internal acquisitions of the kind described
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Examples of White Mountains Stock Fund in a sentence

  • Contributions into the White Mountains Stock Fund can be immediately directed by the participant into another investment option.

  • During 2002, fifty percent of the Company matching contribution was invested in the White Mountains Stock Fund and all remaining contributions were invested in the employee directed investment options.

  • The Plan invests in the White Mountains Stock Fund (the "Fund") which is comprised of common shares of White Mountains Insurance Group, Ltd.

  • Employees who were employed on or before the sale completion date of June 1, 2001 and who remained as active employees as of December 31, 2001 were provided with the equivalent of two common shares of White Mountains Insurance Group, Ltd., which were directed into the White Mountains Stock Fund within the employee's plan account on December 31, 2001.

  • Participants’ loans also constitute party-in-interest transactions.The Plan invests in the White Mountains Stock Fund (the “Fund”) which is comprised of common shares of White Mountains Insurance Group, Ltd.

  • Contributions into the White Mountains Stock Fund can be immediately directed by the participant into another investment option.Participant AccountsEach participant’s account is credited with the participant’s contribution and allocations of (a) the Company’s contribution (b) Plan earnings, net of an allocation of investment fees and (c) applicable loan fees.

  • Notwithstanding the foregoing, a Participant who has incurred a “Severance from Service Date” and is 0% vested with respect to the White Mountains Stock Fund and the OneBeacon Stock Fund, other than in any dividends credited to his ESOP Cash Account as described in Section 5.4, shall be deemed to have elected to receive his dividends in cash, pursuant to this Section 5.7, as of his Severance from Service Date.

  • Benefit payments from the White Mountains Stock Fund amounted to $377,756 during the Plan year ended December 31, 2007.

  • Notwithstanding Section 5.6, a Participant or a Participant’s Beneficiary may elect whether a dividend payable with respect to Employer Stock that is allocated to the Participant’s Account on the dividend record date shall be (i) reinvested in additional units of the White Mountains Stock Fund or the OneBeacon Stock Fund, as applicable, or (ii) distributed in accordance with Section 5.6 above.

  • During the years ended December 31, 2007 and 2006, the Plan purchased shares in the White Mountains Stock Fund in the amounts of $426,437 and $2,187,643, respectively; sold shares of $13,387,056 and $4,098,549, respectively; had dividend earnings of $43,642 and $193,964, respectively; and had net (depreciation)/appreciation of $(192,781) and $384,243, respectively.

Related to White Mountains 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).

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

  • 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.

  • Company Equity Plan means any management equity or stock option or ownership plan or any other management or employee benefit plan of the Company or any Subsidiary of the Company.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • DCP means disclosure controls and procedures;

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

  • Company Equity Plans means the Company’s 1994 Stock Option Plan, 1998 Stock Option Plan, 2000 Stock Option Plan, 2003 Equity Incentive Plan and 2005 Equity Incentive Plan, each as may be amended from time to time, and any stock option agreements, award notices, stock purchase agreements or other agreements or instruments executed and delivered pursuant thereto.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Parent Equity Plan shall have the meaning set forth in Section 4.6.

  • Parent Equity Plans means all employee and director equity incentive plans of Parent and agreements for equity awards in respect of Parent Common Stock granted under the inducement grant exception.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Company Share Plans mean (a) the Company’s Stock Related Award Incentive Plan of 1999, as amended; (b) the Company’s 2010 Stock Incentive Plan, as amended; and (c) the Company’s 2015 Stock Incentive Plan, as amended;

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Employer Stock means securities of the Employer which constitute "qualifying employer securities" with respect to the Plan within the meaning of Section 407 of ERISA.

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

  • Fresh Funds means funds that:

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • Founders means all Members immediately prior to the consummation of the IPO.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.