Examples of TRW Common Stock in a sentence
The distribution shall be made in whole shares of TRW Common Stock, valued at the fair market value of a share of TRW Common Stock on the date of distribution.
The trustee will participate in the Company’s Dividend Reinvestment Plan, and all cash dividends will be reinvested in TRW Common Stock for the Eligible Directors’ benefit.
Each performance unit will be converted into cash using the average of the high and the low sale price averages of a share of TRW Common Stock (“TRW Common”) on the New York Stock Exchange Composite Transactions Listing, as reported on the New York Stock Exchange (the “Average TRW High and Low”) for each day on which such shares are traded on the New York Stock Exchange during the months of December and January preceding the date of payment.
Details of the net present value of the market benefits of implementing Solution A are contained in Appendix 6 and summarised in the table below: Market Benefits Associated with Solution A46: 04/0505/0606/0707/0808/09Market Benefits $M.0130.060.141.123.73NPV of Benefits$2.95M The estimated net present value of the market benefits provided by Solution A in comparison to Solution B is $2.95M47.
One-half (50 percent) of the annual retainer, exclusive of any retainer paid for chairing a Committee of the Directors, (the “Base Annual Retainer”) otherwise payable by the Company to an Eligible Director for his or her services to the Company on or after the Effective Date, will be automatically deferred in equivalent shares of TRW Common Stock (the “Automatic Deferral”) under the Plan.
On the first business day of each month, the Company will transfer to the trustee of the trust account one-twelfth (1/12) of the amount of each Eligible Director’s Automatic Deferral, to be used by the trustee to purchase equivalent shares of TRW Common Stock that will be held in the trust account.
Generally, distributions from the TRW Stock Fund will be paid only in whole shares of TRW Common Stock with the balance in cash.
TRW contributions may be in the form of cash or treasury or authorized and unissued shares of TRW Common Stock.
Each performance unit will be converted into cash using the average of the high and the low sale price averages of a share of TRW Common Stock (“TRW Common”) on the New York Stock Exchange Composite Transactions Listing, as published in the Midwest Edition of the Wall Street Journal (the “Average TRW High and Low”) for each day on which such shares are traded on the New York Stock Exchange during the months of December and January preceding the date of payment.
The number of Restricted Stock Units deemed issued to you on a dividend payment date shall be calculated as the product of (i) the number of Restricted Stock Units then issued to you pursuant to this Agreement (including Restricted Stock Units previously deemed issued pursuant to this Section 4) multiplied by (ii) the dividend amount per share, divided by the fair market value of a share of TRW Common Stock on the date the dividend is paid.