Ahmedabad Investment:Share Purchases Definition

Share Purchases Definition

Share Purchases means the sum of a Member’s Common Stock Deferrals and Stopovers for the Plan Year, subject to the limit (“Match Limit”) set forth in the following paragraphs.(2) Notwithstanding the foregoing, effective October 1, 2000, if a Member transfers any Common Stock to the Profit Sharing Component pursuant to Section 8.7(b), the Member’s Common Stock Deferrals and Stepovers during the period from the beginning of the Plan Year in which the Section 8.7(b) transfer was made (including deferrals and Stepovers acquired in later years) until the time the value of new Shares so acquired (based on their value at the time of acquisition) equals the value of the Shares diversified (based on their value at the time of diversification) shall not be Share PurchasesAhmedabad Investment. For this purpose, if the Member has makes a second (or more) more transfers under Section 8.7(b), new Shares acquired thereafter shall be first be applied against the previous transfer and then against the later transfer; the Member shall not receive double credit for new Shares acquired. No retroactive match is provided on the Shares that were not matchedKolkata Investment. This rule is referred to as the “Match Limit.” The Committee may adopt rules to implement the Match Limit.By way of example, assume a Member has 1,050 Shares at the end of Year 1 and 1,100 Shares at the end of Year 2. The Member acquires another 50 Shares during Year 3 through new deferrals (with an aggregate value of $750, taking into account the value of each Share acquired at the time such Share was acquired), but at the beginning of Year 3 transferred 200 Shares (with a value, at the beginning of the Plan Year of $2,600) to the Investment Funds pursuant to Section 8.7Lucknow Investment. The Member does not receive a match on the 50 Shares purchased because the value of the Shares acquired ($750) is less than the value diversified ($2,600)Hyderabad Wealth Management. The Member will not receive a match until the Member acquires $1,850 of additional Shares (based on value at time of acquisition) in the PlanChennai Stock. Accordingly, if the Member acquires another $2,000 of Shares in Year 3, the Member will receive a match on $150 Shares. No match, retroactive or otherwise, is provided on the other $1,850, or on the $750 acquired in Year 2.(3) The foregoing Match Limit shall not apply if the Member makes any transfers from Common Stock Fund to the Preferred Stock Fund. However, if the Member makes such a transfer, and later transfers Matched Preferred Stock from the Preferred Stock Fund to the other Investment Fund…

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