Examples of IBM Stock Fund in a sentence
The portion of a Participant’s Pre-2005 Company Account (if any) and the Participant’s Post-2004 Company Account attributable to Matching Contributions credited to the Participant before the Effective Date (and related earnings but not dividend equivalents) shall be treated as if invested at all times in the IBM Stock Fund under the 401(k) Plan.
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.
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.
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.
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.
Shares of IBM held in the IBM Stock Fund shall be voted by the Trustee in accordance with instructions received from each Participant who has allocated any portion of his Account to such Fund.
Specific instructions for stockholders of record who wish to use the Internet or telephone voting procedures are set forth on the proxy card.For participants in the IBM Stock Fund investment alternative under the IBM 401(k) Plus Plan: In order to have the Trustee vote your shares as you direct, you must timely furnish your voting instructions over the Internet or by telephone by11:59 p.m. EDT on April 23, 2023, or otherwise ensure that your card is signed, returned, and received by such time and date.
Your share (if any) of the Net Settlement Fund, net of the fees and expenses described above, will depend on your alleged loss, compared to other Settlement Class members’ alleged losses, related to Plan investments in the IBM Stock Fund between January 21, 2014 and October 20, 2014.
With regard to a Participant's existing Deferral Account balance, a Participant may elect to transfer balances among the Investment Funds once per month; provided however, that the portion of the Deferral Account of a Company officer that is allocated to the IBM Stock Fund may not be transferred to another Investment Fund while the officer remains in Company employment.
Because the wrongful conduct alleged in this Action allegedly affected a large group of people – participants of the Plan during the relevant time period whose Plan accounts included investments in the IBM Stock Fund – in a similar way, Named Plaintiffs filed this case as a class action.