Company Stock Account definition

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 Stock Account means the account of a Participant which is credited with the shares of Company Stock purchased and paid for by the Trust Fund or contributed to the Trust Fund.

Company Stock Account means the account of a Participant which is credited with the shares of Company Stock purchased and paid for by the Trust Fund or contributed to the Trust Fund. A separate accounting shall be maintained with respect to that portion of the Company Stock Account attributable to Elective Contributions and Non-Elective Contributions.

Examples of Company Stock Account in a sentence

• The Committee shall maintain adequate records of the cost basis of shares of Company Stock allocated to each Participant’s Company Stock Account.

• Notwithstanding the foregoing, if the Employer has a registration-type class of securities, each Participant or Beneficiary shall be entitled to direct the Trustee as to the manner in which the Company Stock which is entitled to vote and which is allocated to the Company Stock Account of such Participant or Beneficiary is to be voted.

• Subject to the provisions of Section 5.09 of the Plan, cash dividends that have not been used to repay any Acquisition Loan and have been credited to a Participant’s Other Investments Account shall be applied by the Trustee to purchase shares of Company Stock, which shares shall then be credited to the Company Stock Account of such Participant.

• If the Trustee does not timely receive voting directions from a Participant or Beneficiary with respect to any Company Stock allocated to that Participant's or Beneficiary's Company Stock Account, the Trustee shall vote such Company Stock.

• The Committee shall maintain adequate records of the cost basis of shares of Company Stock allocated to each Participant's Company Stock Account.

More Definitions of Company Stock Account

Company Stock Account means the Account established and maintained for a Participant as a record of the Participant’s hypothetical investments in units of Company Common Stock.

Company Stock Account means the separate account maintained on behalf of a Participant reflecting the Company Stock allocated to such Participant's Company Stock Account, together with any cash or stock dividends on such Company Stock. In addition, a Participant's Company Stock Account shall include all amounts transferred on behalf of such Participant from the Participant's corresponding company stock account, if any, in the Sunburst Plan.

Company Stock Account means a Separate Account subject to the investment responsibility of the Committee as set forth in Section 5.5 hereof;

Company Stock Account means an account established and maintained for a Participant as a record of the Participant's hypothetical investments in shares of Common Stock.

Company Stock Account means an account of a Participant which is credited with his allocable share of Company Stock purchased and paid for by the Trust or contributed to the Trust.

Company Stock Account means that portion of a Participant's Account which is credited with shares of Company Stock which are purchased and paid for by the Trust, contributed to the Trust, allocated as forfeitures and stock dividends paid with respect to Company Stock held in the Participant's Company Stock Account.

Company Stock Account means a Participant's sub-account to which company stock units are credited as described in Section 4.2 below.