Examples of ITT Stock in a sentence
ITT stock awards held by ITT Employees and ITT Retirees shall be adjusted to reflect the Distribution, as provided pursuant to the terms of the ITT Stock Plans, such that they retain ITT stock awards (but not stock awards payable in Water or Defense shares) following the Distribution Date.
The Compensation and Personnel Committee of the Board of Directors of ITT has approved the adjustment of any ITT stock awards held by such non-employee directors that have not been exercised as of the Distribution Date to reflect the Distribution, as provided pursuant to the terms of the ITT Stock Plans following the conversion formula used for common shareholders of ITT stock.
Equity compensation plans approved by shareholders include the 1994 ITT Incentive Stock Plan, the 1996 Plan, the 2002 ITT Stock Option Plan for Non-Employee Directors and the 2003 Plan.
Approval of Proposal Four set forth under the heading " INTRODUCTION -- PURPOSE OF THE SPECIAL MEETING" will constitute approval of the 1995 New ITT Stock Plan.
The board and others have expressed interest making cash contributions and in-kind goods and services.
To the extent to which Members, Deferred Members and Beneficiaries do not issue valid directions to the Trustee to sell, offer to sell, exchange or otherwise dispose of the Rayonier Shares or shares of ITT Stock allocated to their Accounts, such individuals shall be deemed to have directed the Trustee that such Accounts remain invested in Rayonier Shares or ITT Stock subject to all provisions of the Plan, including section 15.5.
With respect to shares of ITT Stock, each Member, Deferred Member, and Beneficiary (in the event of the death of the Member or Deferred Member) shall be designated a named fiduciary only with respect to the 1994 Annual Meeting of shareholders of ITT and any special meetings that occur on or prior to such annual meeting.
Any instructions received by the Trustee from Members, Deferred Members and Beneficiaries regarding the voting of Rayonier Shares and ITT Stock shall be confidential and shall not be divulged by the Trustee to the Company, or to any director, officer, employee or agent of the Company, it being the intent of this provision of section 6.6 to ensure that the Company (and its directors, officers, employees and agents) cannot determine the voting instructions given by any Member, Deferred Member or Beneficiary.
The 1995 New ITT Stock Plan is also set forth in full as Annex D hereto.
Participant loans qualify as party-in-interest transactions and amounted to $8,144,357 and $8,871,000 at December 31, 2015 and 2014, respectively.The Plan held $7,796,233 and $9,562,000 of the Company’s stock in the ITT Stock Fund as of December 31, 2015 and 2014, respectively.