Company Common Stock Account definition

Company Common Stock Account means the Account to which the Trustee shall credit: (a) the Participant’s allocable share of Company Common Stock Fund purchased by the Trustee or contributed by the Company to the Trust Fund for that year; (b) the Participant’s allocable share of any forfeitures of Company Common Stock Fund arising under the Plan during that year; and (c) any stock dividends declared and paid during that year on Company Common Stock credited to the Participant’s Company Common Stock Account.
Sample 1
Company Common Stock Account means the account into which shall be credited the contributions made by the Company in accordance with Section 3.05, and any dividend reinvestments, as adjusted for valuations of the stock on subsequent Valuation Dates.
Sample 1Sample 2

Examples of Company Common Stock Account in a sentence

  • All whole and fractional shares of Company Common Stock allocated to a Participant’s or Beneficiary’s Company Common Stock Account shall be voted by the Trustee as the Participant or Beneficiary directs in writing from time to time.

  • A Participant’s investment in the Company Common Stock Fund shall be credited to his Company Common Stock Account.

  • Should such amounts still be insufficient to meet the defined financial hardship, the Company may then authorize withdrawal of shares from the Company Common Stock Account.

  • When a Participant is entitled to a distribution of his Account under the Plan, the Participant may elect to receive either cash or Company Common Stock that is allocated to his Company Common Stock Account.

  • A Participant may elect to reallocate up to 100% of the Company Common Stock Fund held in his Company Common Stock Account to any one or more of the Investment Funds at any time.

  • A Participant who has attained age 50 shall be entitled to direct the investment of a portion of the balance credited to his or her Company Common Stock Account to or among any one or more of the other Investment Funds.

  • Such Additional Company Matching Contributions, if any, will be allocated to the Company Common Stock Account of each Member in the same ratio as the Member’s Matched Deferral Contributions for such Plan Year bears to the Matched Deferral Contributions for all Members in such Plan Year.

  • Contributions to the Deferral, After-Tax and Rollover Accounts shall be invested in one or more of the separate Investment Funds, except the Company Common Stock Account, authorized by the Company and maintained by the Trustees.

  • Such amount to be allocated to the Company Common Stock Account of each Member shall be determined by first calculating an amount equal to 100% of the Member’s Matched Deferral Contributions for the Plan Year, up to 3% of the Member’s Compensation for the Plan Year, plus 50% of the Member’s Matched Deferral Contributions for the Plan Year for such Member contributions in excess of 3% and up to 7% of the Member’s Compensation for the Plan Year.

  • Subject to subsection 3.06(d)(3), such Special Company Contributions, if any, will be allocated to the Company Common Stock Account of each Member in the same ratio as the Member’s Matched Deferral Contributions for such Plan Year bears to the Matched Deferral Contributions for all Members for such Plan Year.

Related to Company Common Stock Account

  • Company Common Stock means the common stock, par value $0.01 per share, of the Company.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Company Common Shares means the common shares in the capital of the Company.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Outstanding Company Common Stock means the outstanding shares of Common Stock, par value $1 per share, of the Company;

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • Old Common Stock means the Company's common stock, par value $.01 per share, outstanding as of the date of the Company's filing of the petition commencing the Chapter 11 Case.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Common Stock Price means the volume weighted average closing price of the Common Stock as reported by the NYSE American for the 10 trading days immediately preceding the date on which the determination is made.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • DSU means a deferred share unit, which is a bookkeeping entry equivalent in value to a Share credited to a Participant’s Account in accordance with Article 4 hereof;

  • Class A Common Stock means the Class A common stock, par value $0.01 per share, of the Company.

  • Company Stock Option Plans means the Company’s 2000 Employee Stock Option Plan, 1997 Employee Stock Option Plan and 1995 Stock Option Plan, in each case as amended.

  • Company Class B Common Stock means the Class B common stock, par value $0.01 per share, of the Company.