Discretionary Transaction definition

Discretionary Transaction means a transaction pursuant to any employee benefit plan of the Company that:
Discretionary Transaction means a transaction pursuant to an employee benefit plan that:
Discretionary Transaction means a transaction pursuant to this Plan or any other employee benefit plan maintained by the Company or any affiliated of the Company that: (a) is effected at the volition of a Corporate Insider; (b) results, directly or indirectly, in the acquisition or disposition of beneficial ownership of Shares by the Corporate Insider; (c) is not made in connection with the death, disability, retirement or termination of employment of the Corporate Insider; (d) is not required to be made available to the Corporate Insider pursuant to any provision of the Code applicable to the plan; and (e) results in either an intra-plan transfer involving Shares or investment fund which invests in Shares or a cash distribution funded by a volitional disposition of Shares or a beneficial interest in Shares.

Examples of Discretionary Transaction in a sentence

  • Anything to the contrary herein notwithstanding, an Eligible Employee may not reallocate Account balances between Investment Funds if such reallocation would result in a non-exempt Discretionary Transaction as defined in Rule 16b-3 of the Securities Exchange Act of 1934, as amended, or any successor to Rule 16b-3, as in effect when the reallocation is requested.

  • An Insider of PPG may not request an Unscheduled Withdrawal from the PPG Stock Account at any time that such withdrawal would constitute a Prohibited Discretionary Transaction.

  • Anything to the contrary herein notwithstanding, a Director may not reallocate Account balances between Investment Funds if such reallocation would result in a non-exempt Discretionary Transaction as defined in Rule 16b-3 of the Securities Exchange Act of 1934, as amended, or any successor to Rule 16b-3, as in effect when the reallocation is requested.

  • Anything to the contrary herein notwithstanding, a participant may not reallocate account balances between funds if such reallocation would result in a non-exempt Discretionary Transaction as defined in Rule 16b-3 of the Securities Exchange Act of 1934, as amended, or any successor to Rule 16b-3, as in effect when the reallocation is requested.

  • A Section 16 Insider may only receive a withdrawal from his or her Stock Account pursuant to this Section 10 if he or she has made no election within the previous six months to effect a fund-switching transfer into the Stock Account or the Eastman Stock Fund of the Eastman Investment Plan or any other "opposite way" intra-plan transfer into a Company equity securities fund which constitutes a "Discretionary Transaction" as defined in Rule 16b-3 under the Exchange Act.


More Definitions of Discretionary Transaction

Discretionary Transaction means a transaction pursuant to any benefit plan that: (i) is at the volition of a plan participant; (ii) is not made in connection with the participant’s death, disability, retirement or termination of employment; (iii) is not required to be made available to a plan participant pursuant to a provision of the Internal Revenue Code; and (iv) results in either an intra-plan transfer involving an equity securities fund of the Corporation, or a cash distribution funded by a volitional disposition of an equity security of the Corporation, or otherwise as such term is defined under Rule 16b-3(b)(1) of the Exchange Act or successor provision thereto.
Discretionary Transaction means a transaction pursuant to any benefit plan that:
Discretionary Transaction means a transaction to which a licensed person executes or proposes to execute in the exercise of discretion;
Discretionary Transaction means either a cash disposition or an intra plan transfer that (i) is not made in connection with the Officer’s death, disability, retirement or separation from service with the Company or (ii) is not made pursuant to Section 12.4 or pursuant to an election that is required to be made available under Code Section 401(a)(28) or another provision of the Code.
Discretionary Transaction means a transaction pursuant to anemployee benefit plan that:
Discretionary Transaction means either a cash disposition or an intra plan transfer that (i) is not made in connection with the
Discretionary Transaction means any transaction pursuant to the Plan or any employee benefit plan of the Company that is made at the volition of a Participant, other than a transaction made in connection with the Participant’s death, disability, retirement or termination of employment, or a transaction that is required to be made available to the Participant pursuant to the terms of the Code or applicable regulations. Transfers by Restricted Participants of funds out of, or into, Company Stock in the Plan may be made only with the approval of the Company and in accordance with applicable securities regulations and may not be made via telephonic transfer instructions. The restrictions contained in this subsection apply to transfers among investment funds, investment and reinvestment, withdrawals, and distributions affecting a Participant’s Company Stock Account. Effective as of January 1, 2007, in addition to the foregoing restrictions of this subsection, any election by a Participant to (a) transfer out of Company Stock in the Plan into another investment offered thereunder, (b) invest in Company Stock under the Plan, or (c) receive a cash distribution shall be ineffective during any ‘blackout’ period in which such Participant is prohibited from effecting such transaction due to restrictions imposed by the Company as part of the Company’s securities laws compliance policies.