Company Stock Fund Sample Clauses

Company Stock Fund. The Company Stock Fund, subject to the next following paragraph, shall be invested by the Trustee solely in Company Stock purchased by the Trustee in the open market or by private purchase from Fund American Enterprises Holdings, Inc. or others at the fair market value of such stock at the time of purchase as determined by the Trustee pursuant to Article IX(H). Company Stock may also be acquired within the Plan for the accounts of active Participants from the accounts of Participants who elect, or whose Beneficiaries elect, pursuant to Article V(J) or VI(C-1), to receive cash distributions from the Plan instead of shares of Company Stock allocated to their Company Stock Accounts or 401(k) accounts. All such acquisitions shall be at the fair market value of such shares at the close of the day of the transaction as determined by the Trustee pursuant to Article IX(H). In acquiring shares of Company Stock for the accounts of active Participants the Trustee may net purchases, including internal acquisitions of the kind described above, against sales of Company Stock. There shall be no percentage limitation on the portion of the 401(k) portion of the Trust which the Trustee may invest or hold in Company Stock. However, no Participant may direct that any portion of his Elective Contributions Account or Rollover Account be invested in the Company Stock Fund before the effective date of the registration of the Company Stock to be held in the Company Stock Fund with the U.S. Securities and Exchange Commission. Dividends, interest and other distributions received by the Trustee in respect of each Investment Fund, including the Company Stock Fund, shall be reinvested in the same Investment Fund. However, pending reinvestment, any such dividends, interest and other distributions in respect of the Company Stock Fund shall be invested by the Trustee in short-term fixed income investments, which may include units of participation in a short term fixed income fund maintained by the Trustee or a short term fixed income mutual fund.
Sample 1
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Company Stock Fund. A Company Stock Fund invested solely in Company Stock as more fully described in the Trust Agreement, except that to the extent necessary to effect distributions (or to meet other administrative requirements of the Plan), amounts held in the Company Stock Fund may be held in cash or such other short term investments as the Investment Committee deems suitable. Notwithstanding any other provision of the Plan to contrary, the Company Stock Matching Contributions Account is the only Plan Account that may be invested in the Company Stock Fund.
Sample 1
Company Stock Fund the Company Stock Fund established pursuant to Section 6.2 to hold the ESOP Portion of the Plan.
Sample 1
Company Stock Fund. In addition to the Investment Subfunds created pursuant to Section 6.1, the Trustee also shall maintain an Investment Subfund referred to as the Company Stock Fund, which shall serve as a vehicle for the investment of Participants’ Accounts and shall be managed by the Trustee. The Company Stock Fund shall constitute the ESOP Portion of the Plan.
Sample 1
Company Stock Fund. The Trustee shall establish a Company Stock Fund which shall be invested primarily in shares of common stock of UNUM Corporation and any other qualifying employer security within the meaning of Section 407(d)(5) of ERISA. The Trustee shall, as soon as practicable, apply amounts allocated to the Company Stock Fund to purchase Company stock on the open market or in private transactions, from the Company or otherwise, at current market value. Pending investment in Company stock, the Trustee shall invest amounts allocated to and dividends or other amounts received by the Company Stock Fund in short- term cash equivalents including, but not limited to, short- term debt obligations issued or guaranteed by the United States government, money market funds and savings accounts. Notwithstanding the provisions of this Section 5.2 to the contrary, the Trustee shall be under no duty or obligation to invest any assets of the Trust in shares of common stock of the Company unless the Company shall determine that (a) such shares constitute "qualifying employer securities" within the meaning of Section 407 of ERISA and (b) such investment is not prohibited by Section 404, 406 or 407 of ERISA.
Sample 1
Company Stock Fund. As soon as practical xxxer the Administrator has complied with the registration requirements of the Securities Act of 1933 the preceding sentence shall no longer apply. APPENDIX B - PAYMENT OF PLAN FEES AND EXPENSES As of the Effective Date, payment of Plan fees and expenses shall be as follows:
Sample 1

Related to Company Stock Fund

  • Company Stock The Certificates and stock powers, duly endorsed, transferring the Company Stock to Subsidiary and the officer and director resignations required in Section 4.6;

  • Company Stock Plans (a) The Company shall take such action as shall be required:

  • Company Stock Options (a) At the Effective Time, each outstanding stock option (each a "Company Stock Option" and, collectively, the "Company Stock Options") granted pursuant to the terms and conditions of the Company's stock option plans and arrangements (collectively, the "Company Stock Option Plans"), whether or not exercisable, shall be converted into and become rights with respect to Parent Common Stock, and the Parent shall assume the Company's obligations with respect to each Company Stock Option and the related Company Stock Option Plan, in accordance with its terms, except that from and after the Effective Time (i) Parent and its compensation committee shall be substituted for the Company and the committee of the Company's Board of Directors (including, if applicable, the entire Company Board) administering the Company Stock Option Plan, if any, under which such Company Stock Option was granted or otherwise governed, (ii) each Company Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (iii) the number of shares of Parent Common Stock subject to such Company Stock Option shall be equal to the number of whole shares (rounded to the nearest whole share) of Company Common Stock subject to such Company Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, (iv) the per share exercise price under each such Company Stock Option shall be adjusted by dividing the per share exercise price under each such Company Stock Option by the Exchange Ratio and rounding to the nearest whole cent, and (v) all references in the Company Stock Option Plans and the stock option certificates and agreements to the Company (or its predecessors) shall be deemed to refer to Parent. Notwithstanding the provisions of clauses (iii) and (iv) of the first sentence of this Section 2.04(a), each Company Stock Option which is an "incentive stock option" shall be adjusted as required by Section 424 of the Code, and the regulations promulgated thereunder, so as not to constitute a modification, extension or renewal of such Company Stock Option, within the meaning of Section 424(h) of the Code.

  • Escrowed Shares a. With respect to the Escrowed Shares, upon an event of default as set forth in the Pledge Agreement, the Escrow Agent shall send written notice to the Transfer Agent ("Escrow Notice") to transfer such number of Escrow Shares as set forth in the Escrow Notice to the Buyers. Upon receipt of an Escrow Notice, the Transfer Agent shall promptly transfer such number of Escrow Shares to the Buyers as shall be set forth in the Escrow Notice delivered to the Transfer Agent by the Escrow Agent. Further, the Transfer Agent shall promptly transfer such shares from the Buyers to any subsequent transferee promptly upon receipt of written notice from the Buyers or their counsel. If the Escrow Shares are not registered for sale under the Securities Act of 1933, as amended, then the certificates for the Escrow Shares shall bear the legend set forth in Section 1b.

  • Settlement Fund All payments under this Section IV shall be made into the Settlement Fund, except that, where specified, they shall be made into the Settlement Fund Escrow. The Settlement Fund shall be allocated and used only as specified in Section V.

  • Merger Sub Common Stock At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub (“Merger Sub Common Stock”) issued and outstanding immediately prior to the Effective Time shall be automatically converted into one fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Company Equity Awards With respect to any stock options, restricted stock or other equity awards (the “Equity Awards”) granted pursuant to any compensation plan of the Company or its Subsidiaries providing for the issuance of Equity Awards (the “Company Plans”), (A) each grant of an Equity Award was duly authorized no later than the date on which the grant of such Equity Award was by its terms to be effective by all necessary corporate action, and (B) each such grant was made in accordance with the terms of the Company Plans and all other applicable laws and regulatory rules or requirements.

  • Company Shares If the managing underwriter has not limited the number of Registrable Securities to be underwritten, the Company may include securities for its own account or for the account of others in such registration if the managing underwriter so agrees and if the number of Registrable Securities which would otherwise have been included in such registration and underwriting will not thereby be limited.

  • Shareholder Accounts In connection with the establishment of Shareholder accounts, JHSS shall:

  • Payment Fund “Payment Fund” is defined in Section 2.6(a) of the Agreement.

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