Examples of SIP Participants in a sentence
Brewin Dolphin SIP Participants in the Brewin Dolphin SIP shall receive Cash Consideration for each Brewin Dolphin Share which they hold under the Brewin Dolphin SIP under the terms of the Scheme.
Under the Company's Shared Investment Plan ("SIP"), 106 senior managers (the "SIP Participants") in February 1998 took out full recourse, personal loans to purchase approximately six million shares of the Company's common stock for approximately $109 million, and the Company guaranteed repayment of the loans (which have a current outstanding principal balance of approximately $104 million) in the event of default.
All transactions will be for the sole economic benefit of CalPERS SIP Participants and beneficiaries and for the sole purpose of providing benefits to them.
Many of the SIP Participants have filed proofs of claim alleging that the Company intentionally misrepresented, concealed and omitted material facts to induce the purchase of common stock through the SIP, including Thomas Flohr, who filed a lawsuit, titled Flohr v.
Under the SIP, Participants have an efficient and convenient method of setting aside and accumulating supplemental retirement savings over their period of employment.
Following such mailing to SIP Participants, the U S WEST SIP shall be terminated.
As soon as reasonably practicable after the Separation Time, the Distribution Agent shall mail to each SIP Participant a certificate representing a number of shares of MediaOne Common Stock equal to the number of shares of Media Stock held in such SIP Participant's U S WEST SIP Account.
This Offer Document also describes at paragraph 6 below how SIP Participants can participate in the Offer to the maximum extent possible, including a top-up contribution proposal for UK SIP Participants.
Notwithstanding anything to the contrary in Article IV or any other provision of the Plan, a SIP Participant's Eligibility Service and Vesting Service under the Plan shall include the Participant's Eligibility Service and Vesting Service as of December 31, 1996 under the terms of the SIP.
SIP Participants shall be mailed the cash in lieu of fractional shares of New U S WEST Common Stock to which they are entitled pursuant to Section 4.4(h).