Examples of Olin Common Stock in a sentence
Such amounts shall be transferred, in the case of an account denominated in cash, to the Cash Account, in the case of a transferred account denominated in Olin Common Stock, to the Olin Stock Account, and in the case of an account denominated in Common Stock to the Common Stock Account.
If a Stock Account is to be paid out in cash, the amount of any cash distribution to be made in installments with respect to Arch or Olin Stock Units will be determined by (i) multiplying the number of Arch Stock Units or Olin Stock Units attributable to such installment (determined as hereinafter provided) by (ii) the Fair Market Value of a share of Common Stock or Olin Common Stock, as applicable, on the fifth business day immediately prior to the date on which such installment is to be paid.
Each time a cash dividend is paid on Common Stock or Olin Common Stock, a Participant who has shares of such stock credited to his or her Stock Account shall receive a credit in applicable Stock Units for such dividends on the dividend payment date to his or her applicable Stock Account.
Each vested Restricted Stock Unit shall be payable by delivery of one share of Olin Common Stock (subject to adjustment as provided in the Plan), except as otherwise provided in the Plan.
Phantom shares of Olin Common Stock and Arch Common Stock (after an adjustment which is similar to the Distribution) credited to Arch directors will be transferred to the Arch stock Plan for non-employee directors.
Immediately prior to the Distribution Date, participants in the Olin Deferral Plan (whether Olin Participants or Arch Participants) who have an account invested in phantom shares of Olin Common Stock shall be credited with one phantom share of Arch Common Stock for every two phantom shares of Olin Common Stock credited to their accounts.
Dividends on Arch Common Stock in accounts of Olin Employees will be reinvested in Olin Common Stock.
Dividend equivalent units on Olin --------------------- Restricted Stock Units and phantom shares of Olin Common Stock will be reinvested in Olin Restricted Stock Units and phantom shares of Olin Common Stock, respectively.
The amount of phantom shares of Common Stock to be credited to a Non-Employee Director's Arch Stock Account shall be equal to the number of shares of Common Stock that could be purchased if the number of phantom shares of Olin Common Stock in his or her Olin Stock Account being transferred were sold and the proceeds reinvested in Common Stock based on the Fair Market Value of each.
Dividends on Olin Common Stock in accounts of Arch Employees will be reinvested in Arch Common Stock.