Company Stock Account Sample Clauses

Company Stock Account. The term Company Stock Account means the account to which is credited a Participant's share of Company Stock contributed to or acquired by the Plan.
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Company Stock Account. Company Stock allocable under Section 3.2 to an Eligible Participant's Company Stock Account, or Company Stock released from the Unallocated Company Stock Account during the Plan Year, will be allocated to an Eligible Participant's Company Stock Account on the annual Valuation Date in accordance with the following provisions:
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Company Stock Account. A Company Stock Account shall be established under each Participant’s Pre-Tax Contribution Account and shall be credited with all Pre-Tax Contributions made by the Participant which are invested in Company Stock.
Sample 1
Company Stock Account. A Company Stock Account shall be established under each Participant’s Employer Contribution Account and shall be credited with all Matching Contributions and Discretionary Contributions made on behalf of a Participant which are invested in Company Stock.
Sample 1
Company Stock Account. The Company Stock Account of the Pre-Tax Contribution Account of each Participant shall be increased (or decreased) by his: (1) Pre-Tax Contributions invested in Company Stock; and (2) stock (in kind) dividends on Company Stock held in the Company Stock Account of his Pre-Tax Contribution Account. Such increase shall be recorded in whole and fractional shares of Company Stock in order that such Account shall share in any appreciation in the market value of the shares of Company Stock in the Company Stock Account, or in any decreases in such market value.
Sample 1
Company Stock Account. The Company Stock Account of the Employer Contribution Account of each Participant shall be increased (or decreased) by his allocable share (determined under SUBSECTION 5.02(4) below) of: (1) Matching Contributions contributed in kind by the Employer or invested in Company Stock by the Trust; (2) Discretionary Contributions contributed in kind by the Employer or invested in Company Stock by the Trust; (3) stock (in kind) dividends on Company Stock held in the Company Stock Account of his Employer Contribution Account; and (4) Company Stock released from the Unallocated Company Stock Account. Such increase shall be recorded in whole and fractional shares of Company Stock in order that such Account shall share in any appreciation in the market value of the shares of Company Stock in the Company Stock Account, or in any decreases in such market value.
Sample 1
Company Stock Account. The Company Stock Account maintained for each participant will be credited as of each Anniversary Date with his allocable share, including fractional shares, of Company Stock purchased and paid for by the Trust or contributed in kind to the Trust for a taxable year ending before 1996 by the Company and with any stock dividends on Company Stock held in his Company Stock Account. Company Stock which was acquired by the Trust through a financing transaction in which the Trust incurred debt obligations constituting an Exempt Acquisition Loan and which was first credited to the Unallocated Company Stock Account was allocated to the Company Stock Accounts of Participants as Company contributions in cash, and/or cash dividends on Company Stock, were applied by the Trust to the repayment of debt principal and interest. The number of such shares of Company Stock released from the Unallocated Company Stock Account and allocated to the Participants' Company Stock Accounts for any Plan Year before 1996 was determined in accordance with whichever of the following two methods was selected by the Committee:
Sample 1
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Company Stock Account. The Company Stock Account maintained for each Participant will be credited with his allocable share, including fractional shares, of Company Stock purchased by the ESOP portion of the Trust or contributed in kind to the ESOP portion of the Trust by the Company and with any stock dividends on Company Stock held in his Company Stock Account.
Sample 1

Related to Company Stock Account

  • 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;

  • Deferral Account 3.1 Establishing and Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

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

  • RSU Account The Company shall maintain an account (“RSU Account”) on its books in the name of the Grantee which shall reflect the number of RSUs awarded to the Grantee.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Creation of Escrow Account/Common Stock Account a. On or prior to the date of this Agreement the Escrow Agent shall establish an escrow account for the deposit of the Escrow Funds entitled as follows: eTotalSource, Inc./Cornell Capital Partners, LP. The Investor will wire funds to the account of the Escrow Agent as follows: Bank: Wachovia, N.A. of New Jersey Routing #: 031201467 Account #: 2020000659170 Name on Account: David Gonzalez Attorney Trust Accoxxx Xxxx xx Xxb-Account: eTotalSource, Inc./Cornell Capital Partners, LP Escrow account

  • Shareholder Account The Transfer Agent shall cause each Sub-transfer Agent to apply the foregoing rule to each Sub-shareholder Account based on the records maintained by such Sub-transfer Agent; provided, that until the Sub-transfer Agent in respect of the ML Omnibus Account develops the data processing capability to conform to the foregoing requirements, such Sub-transfer Agent shall apply the foregoing rules to each Sub-shareholder Account with respect to the Date of Original Purchase of any Commission Share as though each such date were a separate Month of Original Purchase.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Retirement Plan Share Classes (R shares) and Account Options (for retirement plans only)

  • Company Stock Options At the Effective Time, each Company Stock --------------------- Option shall be deemed to have been assumed by Evergreen, without further action by Evergreen, and shall thereafter be deemed an option to acquire, on the same terms and conditions as were applicable under such Company Stock Option, that number of shares of Surviving Corporation Common Stock that would have been received in respect of such Company Stock Option if it had been exercised immediately prior to the Effective Time (such Company Stock Options assumed by Evergreen, the "Assumed Chancellor Stock Options"); provided, however, that, for -------- ------- each optionholder, (i) the aggregate fair market value of Surviving Corporation Common Stock subject to Assumed Chancellor Stock Options immediately after the Effective Time shall not exceed the aggregate exercise price thereof by more than the excess of the aggregate fair market value of Company Common Stock subject to Company Stock Options immediately before the Effective Time over the aggregate exercise price thereof and (ii) on a share-by-share comparison, the ratio of the exercise price of the Assumed Chancellor Stock Option to the fair market value of the Surviving Corporation Common Stock immediately after the Effective Time is no more favorable to the optionholder than the ratio of the exercise price of the Company Stock Option to the fair market value of the Company Common Stock immediately before the Effective Time; and provided, -------- further, that no fractional shares shall be issued on the exercise of such ------- Assumed Chancellor Stock Option and, in lieu thereof, the holder of such Assumed Chancellor Stock Option shall only be entitled to a cash payment in the amount of such fraction multiplied by the closing price per share of Surviving Corporation Common Stock on the Nasdaq National Market on the business day immediately prior to the date of such exercise.

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