Common use of Contribution of Shares to Trust Clause in Contracts

Contribution of Shares to Trust. As of the date any Plan Payout authorized under the Plan which consists in whole or in part of Shares is made, the Company shall contribute to the Trust, for credit to the Share Award Account of each Participant who is granted such a Plan Payout, that number of whole and fractional Shares, valued at their Fair Market Value on such date, equal to the percentage of such Plan Payout consisting of Shares.

Appears in 6 contracts

Samples: Trust Agreement (American Standard Companies Inc), Trust Agreement (American Standard Companies Inc), Trust Agreement (American Standard Companies Inc)

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Contribution of Shares to Trust. As of the date any Plan Payout authorized under the Plan which consists in whole or in part of Shares is made, the Company shall contribute to the Trust, for credit to the Share Award Account of each Participant who is granted such a Plan Payout, that number of whole and fractional Shares, valued at their Fair Market Value on Shares credited to such date, equal to Participant under the percentage of such Plan Payout consisting of SharesPlan.

Appears in 3 contracts

Samples: Trust Agreement (American Standard Companies Inc), Trust Agreement (American Standard Companies Inc), Trust Agreement (American Standard Companies Inc)

Contribution of Shares to Trust. As of the date any Plan Payout authorized under the Plan which consists in whole or in part of Shares is made, ASCI or the Company shall contribute to the Trust, for credit to the Share Award Account of each Participant who is granted such a Plan Payout, that number of whole and fractional Shares, valued at their Fair Market Value on such date, equal to the percentage of such Plan Payout consisting of Shares.

Appears in 1 contract

Samples: Trust Agreement (American Standard Inc)

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Contribution of Shares to Trust. As of the date any Plan Payout authorized under the Plan which consists in whole or in part of Shares is made, ASCI or the Company shall contribute to the Trust, for credit to the Share Award Account of each Participant who is granted such a Plan Payout, that number of whole and fractional Shares, valued at their Fair Market Value on Shares credited to such date, equal to Participant under the percentage of such Plan Payout consisting of SharesPlan.

Appears in 1 contract

Samples: Trust Agreement (American Standard Inc)

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