Unit Fund definition
Examples of Unit Fund in a sentence
Deferred Compensation Plan (the “Deferred Compensation Plan”), and if the Recipient properly and timely does so, the Restricted Stock Units shall be automatically converted into a corresponding number of units under the Republic Services Stock Unit Fund (the “Units”), and shall be credited to the Participant’s Account Balance (as defined in the Deferred Compensation Plan) in accordance with Section 3.9(c) of the Deferred Compensation Plan as may be amended from time to time.
Without limiting the generality of the provisions of Section 7.2, IR Ordinary Share Units held in IR Savings Plan accounts of Schlage Lock Company LLC 401(k) Plan Beneficiaries prior to the Effective Time shall be transferred in kind to an IR Ordinary Share Unit Fund under the Schlage Lock Company LLC 401(k) Plan pursuant to Section 7.2 of this Agreement.
Value Stocks Unit Fund and any other unitized fund invested covered under this Trust Agreement.
This Award shall not be interpreted to bestow upon a Grantee, including any Grantee who has elected a hypothetical investment in the Stock Unit Fund, any equity interest or ownership in the Company or any subsidiary or Affiliate prior to the dates on which the Company delivers Shares (if any) to the Grantee in settlement of this Award.
In the case of a Grantee who has elected a hypothetical investment in the Stock Unit Fund, if the Company makes any cash dividends or other cash distributions to the holders of Shares, the Grantee shall have the right to receive payments in lieu thereof in respect of the Stock Units (“Dividend Equivalent Rights”).
The Vectrus 401(k) Plan will provide, effective as of the Effective Time: (i) for the establishment of a Vectrus Common Stock Unit Fund; and (ii) that such Vectrus Common Stock Unit Fund shall receive a transfer of and hold all Vectrus Common Stock distributed in connection with the Distribution in respect of Exelis Common Stock Units held in Exelis Savings Plan accounts of Vectrus 401(k) Plan Beneficiaries.
Notwithstanding anything to the contrary in the Plan, such amounts shall not be deemed invested in the Stock Unit Fund and shall not reflect the performance of the Stock Units.
Vectrus Common Stock distributed in connection with the Distribution in respect of Exelis Common Stock Units held in Exelis Savings Plan accounts of Exelis Group Employees or Former Exelis Group Employees who participate in the Exelis Savings Plan shall be deposited in a Vectrus Common Stock Unit Fund under the Exelis Savings Plan.
Deferred Compensation Plan (the “Deferred Compensation Plan”), and if the Recipient properly and timely does so, the Restricted Stock Units shall be automatically converted into a corresponding number of units under the Republic Services Stock Unit Fund (the “Units”), and shall be credited to the Recipient’s Account Balance (as defined in the Deferred Compensation Plan) in accordance with Section 3.9(c) of the Deferred Compensation Plan as may be amended from time to time.
The provisions of this Section 5(c) shall apply if the Grantee has elected a hypothetical investment in the Stock Unit Fund.