Examples of Baxter Common Stock in a sentence
However, non-matching contributions may not be invested in the Baxter Common Stock Fund.
D-5.) Unless otherwise stated, the 1997 SPD, as modified in 2000, is at issue here.During the relevant period, the Baxter Common Stock Fund was among the seven funds that the Investment Committee selected to be investment options for participants in the Plan.
Effective January 1, 2018, participant balances in the Baxter Common Stock Fund were limited to no more than 25 percent of the participant’s total Plan account balance, subject to certain grandfathering exceptions for those participants whose balance exceeded 25 percent as of the effective date.
Rogers asserts that the SPDs were misleading because they were not updated to reflect Baxter’s alleged shift from a “value” to a “growth” strategy, and did not adequately describe the nature of the risk of investing in the Baxter Common Stock Fund.
Subject to certain provisions specified in the Plan agreement, employed participants may withdraw their pre-tax contributions and related earnings in cases of financial hardship.Upon enrollment in the Plan, a participant may direct contributions in any of eight investment options: Stable Income Fund, Baxter Common Stock Fund, Composite Fund, General Equity Fund, S&P 500 Equity Index Fund, International EAFE Equity Index Fund, Small Cap Fund and the Self-Managed Fund.
Finally, several of Rogers’s statements of fact post-date the period alleged in Rogers’s Third Consolidated Amended Complaint, which alleges facts centered on Baxter’s July 2002 announcement of disappointing sales growth.Plaintiff Rogers is a participant in the Plan who elected to invest a portion of his contributions to the Plan in the Baxter Common Stock Fund.
Forfeitures utilized for the periods ended December 31, 2003 and 2002 were $539,431 and $268,960, respectively.Upon enrollment in the Plan, a participant may direct contributions in any of eight investment options: Stable Income Fund, Baxter Common Stock Fund, Composite Fund, General Equity Fund, S&P 500 Equity Index Fund, International EAFE Equity Index Fund, Small Cap Fund and the Self-Managed Fund.
He advances no argument and points to no authority suggesting that § 404(c) is inapplicable to his claims that defendants failed to diversify Plan assets (alleged as part of Count I), offered an imprudent investment alternative, namely, the Baxter Common Stock Fund (Count II), and violated their duty of loyalty (Count IV).
However, as explained above, the SPD and other plandocuments adequately described the Baxter Common Stock Fund and there is insufficient evidence to conclude that any “value”-to-“growth” shift ever occurred.
Defendants say that these cases “make clear that whether the Baxter Common Stock Fund was and is a prudent investment option cannot be evaluated in isolation.