Common use of Sponsor Stock Clause in Contracts

Sponsor Stock. Trust investments in Sponsor Stock shall be made via the Stock Fund. Dividends received on shares of Sponsor Stock shall be reinvested in additional shares of Sponsor Stock and allocated to Participants’ accounts.

Appears in 3 contracts

Samples: Trust Agreement (Progressive Corp/Oh/), Trust Agreement (Entegris Inc), Trust Agreement (Expedia, Inc.)

AutoNDA by SimpleDocs

Sponsor Stock. Trust investments in Sponsor Stock shall be made via the Stock Fund. Dividends received on shares of Sponsor Stock shall be reinvested in additional shares of Sponsor Stock and allocated to Participants’ accounts.

Appears in 1 contract

Samples: Trust Agreement (Brush Engineered Materials Inc)

AutoNDA by SimpleDocs

Sponsor Stock. Trust investments in Sponsor Stock shall be made via the Providian Stock Fund (the "Stock Fund"). Dividends received on shares of Sponsor Stock shall be reinvested in additional shares of Sponsor Stock and allocated to Participants’ participants' accounts.. Trust investments in Sponsor Stock shall be subject to the following limitations:

Appears in 1 contract

Samples: Trust Agreement (Providian Financial Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!