Employer Stock Fund definition

Employer Stock Fund means a hypothetical investment fund consisting entirely of Shares.

Employer Stock Fund means an Investment Fund the purpose of which is to invest primarily in Shares.

Employer Stock Fund means the unitized investment fund managed by the Trustee, which holds shares of Employer Stock and cash and/or cash equivalents. The recordkeeper allocates units of the Employer Stock Fund, called Share Units, based on the Fair Market Value of the shares and the cash and cash equivalents in that Fund on the allocation date. The fact that cash and cash equivalents are held in the Employer Stock Fund causes each Share Unit to have a different value than a share of Employer Stock at any given time.

Examples of Employer Stock Fund in a sentence

• Although Revenue Sharing monies arise only as a result of, and in connection with, transactions involving the Plan, Plan assets and Plan service providers, Revenue Sharing is not always captured and used for the benefit of the Plans and participants.The value of each UTC Common Stock Fund is reduced by the fees and expenses assessed against the assets in the UTC Common Stock Fund and a portion of the cash held in the Employer Stock Fund.

• The maximum amount of short- term funds available to a Plan under the Credit Facility Arrangement, in the aggregate, does not exceed 25 percent of the fair market value of the Plan’s Unitized Employer Stock Fund.

• Each loan made under the Credit Facility Arrangement is repaid with proceeds from the sale of Employer Stock held in the Unitized Employer Stock Fund.

• The term ‘‘drift allowance’’ refers to the range of percentages, comprised of a maximum and minimum percentage, which is determined and established by the Plan Sponsor as being the proper percentages within which the liquidity component of the Unitized Employer Stock Fund should represent of the entire market value of such Fund on any given day.

• The term ‘‘liquidity component’’ means the short-term investment vehicle which is selected by the Plan Sponsor and used to invest any uninvested cash in the Plan’s Unitized Employer Stock Fund.

More Definitions of Employer Stock Fund

Employer Stock Fund means the Investment Fund consisting primarily of shares of Employer Stock and cash and/or cash equivalents.

Employer Stock Fund means that portion of the Trust Fund established by the Trustees for the investment of Employer Stock pursuant to Section 12.6.

Employer Stock Fund means a pooled investment account limited to shares of Employer Stock.

Employer Stock Fund means, commencing on the Conversion Date, the assets consisting of Employer Stock which shall be maintained in an Investment Fund established for such purpose.

Employer Stock Fund means an Investment Fund invested primarily in Employer Stock.

Employer Stock Fund means the investment fund under the Plan consisting of Employer Stock.

Employer Stock Fund means an Investment Fund comprised primarily of Employer Stock.