VOTING COMPANY STOCK. The Trustee will vote all Company Stock held by it at such time and in such manner as the Trustee, at the direction of the Administrator, subject to the following:
VOTING COMPANY STOCK. The Trustee shall vote all Company Stock held by it as part of the Plan assets. Provided, however, that if any agreement entered into by the Trust provides for voting of any shares of Company Stock pledged as security for any obligation of the Plan, then such shares of Company Stock shall be voted in accordance with such agreement. The Trustee shall not vote Company Stock which a Participant or Beneficiary, pursuant to this Section, fails to exercise.
VOTING COMPANY STOCK. (a) Except as provided in subsection (b) of this Section 9, all Company Stock held by the Trust shall be voted by the Trustee. Notwithstanding the foregoing, Participants and/or Beneficiaries shall be entitled to direct the voting of any voting shares of Common Stock allocated to their Company Stock Accounts (the "Directed Shares") with respect to any vote required for the approval or disapproval of any corporate merger or consolidation, recapitalization, reclassifications, liquidation, dissolution, sale of substantially all the assets of a trade or business, or other similar transactions prescribed by regulation. Any unallocated shares held by the Trust and any Directed Shares for which the Trustee has not received instructions shall be voted by the Trustee."
VOTING COMPANY STOCK. 9 4.4 Tender Offer for Company Stock............................................ 10 4.5 Documents, Instruments and Facilities..................................... 13 ARTICLE 5 Duties and Obligations of the Trustee.............................................. 13 5.1 Scope of Duties and Obligations........................................... 13 5.2 General Duties and Obligations............................................ 13 5.3 Valuation................................................................. 14 5.4 Records................................................................... 14 5.5 Reports................................................................... 15 5.6 Instructions.............................................................. 15 5.7 Hiring of Agents and Related Expenses..................................... 16 ARTICLE 6 Compensation, Rights and Indemnities of the Trustee................................ 16 6.1
VOTING COMPANY STOCK. All voting rights on shares of Company Stock held by the Trust shall be exercised by the Trustee in accordance with the following provisions of this Section 4.3:
VOTING COMPANY STOCK. The Trustee shall vote and/or respond to a tender or exchange offer with respect to shares of Company Stock held by the Trustee as part of the Trust Assets in accordance with instructions received from the Committee and with applicable provisions of the Plan. Without limiting the generality of the foregoing, with respect to any matter submitted to the stockholders of the Company, (i) the Trustee shall vote and/or tender shares allocated to the Accounts of Participants in the manner instructed by such Participants, and (ii) the Trustee shall vote and/or tender unallocated shares, and allocated shares for which no instructions are received, in the same proportion as it votes and/or tenders shares of Company Stock in respect of which instructions had been received from Participants.
VOTING COMPANY STOCK. All Participants shall have the right to vote all Company Stock which is allocated to the Participant’s Company Stock Account. The Trustee shall follow the voting instructions of each Participant. With respect to a Participant who does not vote Company Stock which is allocated to the Participant’s Company Stock Account, the Trustee shall not vote such Company Stock. All Company Stock which is unallocated shall be voted by the Trustees in the same proportion that the allocated Company Stock are voted by the Plan Participants.
VOTING COMPANY STOCK. All Company Stock held under the Trust shall be voted by the Trustee in the manner directed by the Committee.
VOTING COMPANY STOCK. 4 4.4 Nominees.................................................. 4 4.5
VOTING COMPANY STOCK. (a) Before each annual or special meeting of the stockholders of The Coastal Corporation, the Trustee shall utilize its best efforts to timely distribute or cause to be distributed to each Participant other than Participants who have terminated employment with the Company, related employers and subsidiaries and whose adjusted balance consists only of forfeitable amounts attributable to matching contributions (or, in the event of the death of a Participant, his Beneficiary) a copy of the proxy solicitation material for such meeting, and request written instructions from the Participants as to the voting of the Coastal common stock, Coastal Series B $1.83 convertible preferred stock and Coastal Class A common Stock credited to their accounts. Such instructions shall be on a confidential basis. The Trustee shall exercise the voting rights on stock credited to accounts of Participants in accordance with instruction of such Participants. The Trustee shall exercise its discretion as to the voting rights on stock credited to accounts of participants from whom the Trustee does not receive instructions. The Trustee shall exercise the voting rights on any other stock in its discretion.
