Stock Accounts definition
Examples of Stock Accounts in a sentence
The Bank shall set up an appropriate record (hereinafter called the "Phantom Stock Account") in the name of each Executive under the Plan, and shall record all activities of this agreement in the respective Phantom Stock Accounts of each Executive.
Bank may also tell the Transfer Agent not to change the Owner(s) on the Stock Account(s).
The Owner(s) understands all the Collateral in the Stock Account(s) is pledged to Bank, even though there may be a hold on only some of the shares.
Payments to the Administrative and Buffer Stock Accounts shall be made in freely usable currencies or currencies which are convertible in the major foreign exchange markets into freely usable currencies, and shall be exempt from foreign exchange restrictions.
The Owner(s) agrees that the Transfer Agent may give Bank information about the Collateral and the Stock Account(s).
Any interest, earnings, or other income received by the Trustee in respect of the ESOP Fund shall be reinvested by the Trustee in the ESOP Fund, except that any dividends paid with respect to Shares credited to Stock Accounts (as described in Section 10.9) shall be reinvested by the Trustee in the Dividend Fund, subject, however, to the provisions of Section 10.13.
If the Trust ever holds fewer Shares than there are Shares allocated to Deferred Stock Accounts under the Plan as to which timely and proper directions have been received from the applicable Beneficiaries, the Trust Administrative Committee shall direct the Trustee to vote all Shares held in the Trust in the same proportion as the total Shares covered by timely and proper directions have been directed to be voted.
The Participant’s Employee Stock Accounts shall be reduced by the number of such shares.
The LPS ESPP FIS Stock Accounts shall be frozen immediately after the transfer so that contributions may not be allocated to, or transferred into, the LPS ESPP FIS Stock Accounts after the transfer; provided, however, that participants in the LPS ESPP with LPS ESPP FIS Stock Accounts may receive a distribution of FIS common stock out of their LPS ESPP FIS Stock Account at any time.
At the Administrator's discretion, cash dividends received on Company Stock allocated to Participants' Company Stock Accounts may be distributed currently (or within 90 days after the end of the Plan Year in which such dividends are paid to the Plan) in cash to such Participants on a nondiscriminatory basis.