Examples of Employer Stock in a sentence
Employer Stock or Securities There is a special rule for a payment from the Plan that includes employer stock (or other employer securities).
Section 8.1(a)-(c) of the 2013 Plan Document provides that distributions from a Participant’s Dollar Account will be in cash and distributions from a Participant’s Employer Stock Account will be in cash unless the Participant elects to receive shares in stock.
This Section shall cease to be effective if and so long as the Employer Stock is actively traded on an established market.
The selling price and other terms under the right must not be less favorable to the seller than the greater of a good faith determination of the fair market value of the security as determined under Section 5.2 or the purchase price and other terms offered by a buyer, other than the Employer or the Plan, making a good faith offer to purchase the shares of Employer Stock.
Although the terms of the Plan are not clear, based on the 2019 Summary Plan Description and the Form 5500s, the Dollar Account invests in mutual funds and pooled separate accounts and the Employer Stock Account invests in NEB and CST stock.