Examples of Stock Participation Plan in a sentence
Under the 1987 Employee Stock Participation Plan, employees of the Company may purchase shares of common stock at a price not less than the lesser of 85% of the fair market value of the stock on the date the purchase right is granted or the date the right is exercised.
Effective October 2, 1995, the Stock Participation Plan was replaced by a Retirement Savings Plan (RSP).
In accordance with the terms of the Alco Standard Corporation Stock Participation Plan ("Alco Stock Plan"), all active employees of the CPC Business whose employment with Seller terminates as of the Closing Date shall become fully vested in the balances standing to the credit of their accounts under the Alco Stock Plan as of that date and shall be entitled to receive distribution of such accounts as soon as may be administratively practicable after the Closing Date.
Subject to the provisions of Section 10 below, the maximum aggregate number of Shares which may be issued pursuant to this Plan is 28,000,000 Shares [adjusted to reflect the stock dividend effective December 5, 1997]; provided, however, that such maximum aggregate number of Shares shall be increased by the number of Shares or options returned to the Company's Incentive Stock Option Plan, 1987 Employee Stock Participation Plan, and Supplemental Nonemployee Stock Option Plan.
In the case of a Participant election to defer 100% of the Employee Bonus, the amount eligible for deferral shall be reduced by amounts which the Participant has elected to contribute to the Intel Corporation Stock Participation Plan and by applicable taxes and withholding amounts.
Employee Stock Participation Plan (the "Plan") is intended to provide a method whereby employees of EXCO Resources, Inc., a Texas corporation ("EXCO"), which is the wholly-owned subsidiary of EXCO Holdings Inc., a Delaware corporation ("EXCO Holdings"), will have an opportunity to share in proceeds received on the occurrence of a Participation Event (defined in Section 6 below) as though such employees were shareholders of EXCO Holdings.
This information is required to be determined as if the Company had accounted for its employee stock options (including shares issued under the Stock Participation Plan, collectively called "options") granted subsequent to December 31, 1994 under the fair value method of that statement.
Employee Stock and Benefit Plans: Stock option and purchase plans: At June 24, 2000, the Company has reserved a total of 85,823,718 of its common shares for issuance to employees and certain others under its 1996 Stock Incentive Plan, 1987 Supplemental Stock Option Plan, 1983 Incentive Stock Option Plan, 1987 Employee Stock Participation Plan (ESP Plan), 1988 Nonemployee Director Stock Option Plan, and Supplemental Nonemployee Stock Option Plan.
Notwithstanding the foregoing, the Company’s Employee Stock Participation Plan, adopted on December 15, 1995, shall remain in full force and effect.
In addition, the Company received approximately $79.3 million, $51.1 million, and $37.2 million of proceeds from the exercises of stock options and purchases of common stock under the Employee Stock Participation Plan during fiscal 2000, 1999, and 1998, respectively.