Examples of IBM Stock Fund in a sentence
The employee accounts are invested by the plan trustee in a selection of investment funds, including an IBM Stock Fund, as directed by the employees.
Defendants have produced several hundred pages of documents so far, largely consisting of records and communications relating to the IBM Retirement Plans Committee and its operation, as well as voluminous spreadsheets reflecting the purchases, sales and ownership of IBM Stock Fund shares during the relevant time period.
In the present case, Plaintiffs allege that they were Plan participants or beneficiaries during the Class Period with Plan accounts that included investments in the IBM Stock Fund, that the Plan’s fiduciaries treated them and all other Plan participants alike, and that Plan-wide relief is necessary and appropriate under ERISA.
The parties will strenuously disagree whether damages were suffered only by purchasers of the IBM Stock Fund, or whether mere holders of the Stock Fund suffered damages as well.
For executive officers, this column includes the shares shown in the “Stock/Units” column, as well as other IBM stock- based interests, including, as applicable, employee contributions into the IBM Stock Fund under the IBM Executive Deferred Compensation Plan (EDCP) and all Company matching contributions under the EDCP.
Defendants will also likely point out that the IBM Stock Fund as a whole was a net seller of stock during the Class Period, and that the gains received by Plan participants who sold at inflated prices should be offset against the losses suffered by purchasers, resulting in no recovery at all.
Such simplifications are acceptable as long as the two basic features of the distribution are preserved: (1) each Participant shall receive a share of the Net Settlement Fund based approximately on the IBM Stock Fund shares he or she acquired (on a net basis) during the Class Period, as compared to other Participants in the Plan; and (2) the distribution shall take place from the Qualified Settlement Fund so as to realize any tax advantage of investment in the Plan.
For those stockholders who are participants in the IBM Stock Fund investment alternative under the IBM TDSP 401(k) Plan (the “TDSP”), the enclosed proxy card also serves as a voting instruc- tion to the Trustee of the TDSP for IBM shares held in the IBM Stock Fund as of the Record Date, provided that instructions are furnished over the Internet or by telephone by April 24, 2002, or that the card is signed, returned, and received by April 24, 2002.
This means that Settlement Class members will be enjoined from and will not have the right to xxx Defendants’ Releasees for anything related to the investment of Plan assets in the IBM Stock Fund or related matters during the Class Period.
The Plan offers participants multiple investment options, including mutual funds, index funds, and the IBM Stock Fund (the “Fund”), which, as the Company’s ERISA-qualified ESOP, invested predominantly in IBM common stock.