Deferred Stock Accounts. At the Effective Time, each notional stock account with respect to Company Common Stock under the Company deferred compensation plan shall cease to represent a notional investment in shares of Company Common Stock and shall be converted into a notional cash account equal to the product of (x) the number of shares of Company Common Stock subject to such stock account multiplied by (y) the Merger Consideration, and thereafter, the other hypothetical investment options under the plan shall be available for the hypothetical amounts formerly in a participant’s notional stock account.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Toronto Dominion Bank), Agreement and Plan of Merger (Toronto Dominion Bank), Agreement and Plan of Merger (Td Banknorth Inc.)
Deferred Stock Accounts. At the Effective Time, each notional stock account with respect to Company Common Stock under the Company Company's deferred compensation plan shall cease be adjusted pursuant to the terms of the plan such that the account ceases to represent a notional investment in shares of Company Common Stock and shall be converted into a notional cash account equal to the product of (x) the number of shares of Company Common Stock subject to such stock account multiplied by (y) the Merger Consideration, and thereafter, the other hypothetical investment options under the plan shall be available for the hypothetical amounts formerly in a participant’s notional stock account.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (MacAndrews & Forbes Holdings Inc.), Agreement and Plan of Merger (M & F Worldwide Corp)
