Allocations of Released Shares. All Company Stock released from the Unallocated Company Stock Suspense Account for a Plan Year shall be allocated to the Company Stock Subaccounts of the eligible Participants in the form of non-monetary units (whole and fractional shares of Company Stock) as set forth more fully in Article IV. Such allocations shall be performed in the following order, until all released shares for such Plan Year have been so allocated: # allocations pursuant to [Section 4.4(a)] with respect to dividends on shares of Company Stock in the Company Stock Subaccount that were originally acquired with the proceeds of an Exempt Loan; # allocations pursuant to [Section 4.4(a)] with respect to dividends on shares of Company Stock in the Company Stock Subaccount that were not originally acquired with the proceeds of an Exempt Loan; # allocations pursuant to Section 4.2(a) (relating to Company Matching Contributions); # allocations pursuant to Section 4.3 (relating to Profit Sharing Contributions); # allocations pursuant to [Section 4.4(b)] (relating to reinstatement of Forfeitures); # allocations pursuant to Section 4.5 (relating to certain legally-required contributions); and # allocations pursuant to [Section 4.6] (relating to supplemental Company Matching and/or Profit-Sharing Contributions).
The shares of Company Stock released from the Unallocated Company Stock Suspense Account with dividends on shares held in the Company Stock Subaccounts pursuant to [Sections 5.3(e)(2) and 5.3(e)(3)])] shall be allocated to the Company Stock Subaccounts as provided in [Section 4.4(a)].
Dividends on Company Stock Subaccount. Prior to February 1, 2015, if cash dividends on Company Stock held in the Company Stock Subaccounts are used to pay the principal and interest on an Exempt Loan for a Plan Year (as provided in [Section 5.3(e)]), then the shares of Company Stock released from the Unallocated Company Stock Suspense Account with such dividends shall be allocated to the Company Stock Subaccounts. The number of shares allocated to the Company Stock Subaccount of each Participant or Former Participant who is eligible for such allocation (as set forth below) shall equal # the total number of shares of Company Stock released from the Unallocated Company Stock Suspense Account with such dividends multiplied by # a fraction, the numerator of which is the dividends allocable to such Company Stock Subaccount (determined as set forth below); provided that such allocation shall be deemed to be $0 for any Company Stock Subaccount with respect to which dividends
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.