Examples of Fortune Stock Fund in a sentence
With respect to the voting rights of shares of Fortune Common Stock held in the Fortune Stock Fund as to which timely directions have not been received by the Trustee as provided in the preceding sentence, the Trustee will exercise the voting rights of such shares in the same manner and in the same proportion in which the voting rights of shares as to which such directions were received by the Trustee are to be exercised as provided in the preceding sentence.
The Trustee will combine fractional interests of Participants, former Participants and Beneficiaries in shares of Fortune Common Stock held in the Fortune Stock Fund to the extent possible so that the voting rights with respect to such matter are exercised in a manner which reflects as accurately as possible the collective directions given by Participants, former Participants and Beneficiaries.
The Trustee will communicate or cause to be communicated to all Participants, former Participants and Beneficiaries the procedures regarding the exercise of voting rights of shares of Fortune Common Stock held in the Fortune Stock Fund.
To the extent that there is insufficient cash in the Fortune Stock Fund with which to exercise any such rights, or to make distribution or transfer of the Fair Market Value of any stock subject to retention, the Trustee may, in its discretion, sell such rights or retained stock or any part thereof; in the case of any retained stock so sold the Fair Market Value thereof will be the net proceeds of sale instead of the Fair Market Value determined as provided in Article I.
Except to the extent otherwise specified in such opinion, order or decree, the Trustee will have no discretion or authority in such circumstances to exercise voting rights with respect to shares of Fortune Common Stock held in the Fortune Stock Fund, but will exercise such voting rights in accordance with the most recent dated timely directions received from Participants, former Participants and Beneficiaries to the extent such directions have not been invalidated.
Such proceeds will be deemed to be held in the Fortune Stock Fund and will be subject to the other applicable provisions of the Plan and the Trust Agreement.
ADRs with respect to Gallaher stock ("Gallaher ADRs") received by the Fortune Stock Fund in the Gallaher Spin-Off will be transferred to the Gallaher Fund.
If the Preferred Share Purchase Rights of Fortune (or any rights issued by Fortune in substitution or replacement thereof) held in the Fortune Stock Fund ("rights") become separately transferable or exercisable, the Trustee shall dispose of the rights by selling the rights to Fortune at a price recommended by an independent financial advisor retained by the Trustee at Fortune's expense.
As of the Close of Business on such Business Day, the total number of new units resulting from Additions to the Fortune Stock Fund or Gallaher Fund will be the number equal to (A) the total amount of the Additions to such fund divided by (B) the Closing Unit Value.
Whenever all or any part of the Account Balances in the Fortune Stock Fund or Gallaher Fund is reduced from such fund as a result of a Reduction, the value of the reduced amount will equal the Closing Unit Value multiplied by the number of whole and fractional units credited to such Accounts.