Examples of Accumulated Shares in a sentence
The term “Share Value” means, with respect to a given trading day, the closing price of a company’s common stock multiplied by the Accumulated Shares for such trading day.
Each Participant shall receive that part of the total remaining assets in the same ratio as his Accumulated Share bears to the aggregate amount of the Accumulated Shares of all Participants.
If the Plan is terminated, you will be entitled to the total remaining assets in the same ratio as your Accumulated Share bears to the aggregate amount of the Accumulated Shares of all Participants as of the termination date.
In the event the liquidation value of the assets on the date of termination is less than the total of all Accumulated Shares plus expenses, the Trustees shall have the option of paying all Accumulated Shares to Participants over a period not to exceed 10 years to the extent permitted by the assets available.
In the event of the termination of the Plan, in whole or in part, the assets then remaining, after providing for the expenses of the Plan and for the payment of any Accumulated Shares theretofore approved, shall be distributed among the Participants.