Common use of Employer Stock Fund Clause in Contracts

Employer Stock Fund. (a) Participants in the IMS Health Savings Plan who, immediately prior to the Effective Time, have balances in the IMS Health Common Stock fund shall have such balances converted, as of the Effective Time, to the extent applicable, to units in a pooled stock fund consisting of IMS Health Common Stock and Synavant Inc. Common Stock. The initial ratio of stock in the pooled stock fund shall be one share of Synavant Inc. Common Stock to every twenty shares of IMS Health Common Stock. The percentage interest of each participant in the pooled stock fund as of the Effective Time shall equal such participant's percentage interest in the IMS Health Common Stock fund immediately prior to the Effective Time. The Synavant Inc. Savings Plan shall maintain a pooled stock fund, to which the pooled stock fund assets of Synavant Inc. Transferred Savings Plan Employees in the IMS Health Savings Plan shall be transferred on the Synavant Inc. Savings Plan Transfer Date. Notwithstanding the foregoing, the IMS Health Savings Plan shall transfer the units of IMS Health Common Stock from the pooled stock fund into the IMS Health Common Stock fund and the Synavant Inc. Savings Plan shall transfer the units of Synavant Inc. Common Stock from the pooled stock fund into the Synavant Inc. Common Stock fund. (b) Within nine months after the Distribution Date, each participant shall liquidate his or her units of Nonemployer Stock in the pooled stock fund and invest the proceeds thereof in any other investment option available under the applicable plan. If the participant does not liquidate such units, such units shall be liquidated and invested in a fixed income investment option available under the applicable plan. (c) A participant may not acquire additional units in the pooled stock fund from or after the Effective Time.

Appears in 2 contracts

Samples: Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Synavant Inc)

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Employer Stock Fund. (a) Participants in the IMS Health Corporation Savings Plan who, immediately prior to the Effective Time, have balances in the IMS Health Corporation Common Stock fund shall have such balances converted, as of the Effective Time, to the extent applicable, to units in a pooled stock fund consisting of IMS Health Corporation Common Stock and Synavant Inc. IMS Health Common Stock. The initial ratio of stock in the pooled stock fund shall be one share of Synavant Inc. Corporation Common Stock to every twenty shares one share of IMS Health Common Stock. The percentage interest of each participant in the pooled stock fund as of the Effective Time shall equal such participant's percentage interest in the IMS Health Corporation Common Stock fund immediately prior to the Effective Time. The Synavant Inc. IMS Health Savings Plan shall maintain a pooled stock fund, to which the pooled stock fund assets of Synavant Inc. IMS Health Transferred Savings Plan Employees in the IMS Health Corporation Savings Plan shall be transferred on the Synavant Inc. IMS Health Savings Plan Transfer Date. Notwithstanding the foregoing, the Corporation Savings Plan shall transfer the units of Corporation Common Stock from the pooled stock fund into the Corporation Common Stock fund and the IMS Health Savings Plan shall transfer the units of IMS Health Common Stock from the pooled stock fund into the IMS Health Common Stock fund and the Synavant Inc. Savings Plan shall transfer the units of Synavant Inc. Common Stock from the pooled stock fund into the Synavant Inc. Common Stock fund. (b) Within nine months after the Distribution Date, each participant shall liquidate his or her units of Nonemployer Stock in the pooled stock fund and invest the proceeds thereof in any other investment option available under the applicable plan. If the participant does not liquidate such units, such units shall be liquidated and invested in a fixed income investment option available under the applicable plan. (c) A participant may not acquire additional units in the pooled stock fund from or after the Effective Time.

Appears in 2 contracts

Samples: Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Ims Health Inc)

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