CMA » Topics » SECTION VI - ACQUISITION OF CORPORATION SHARES

These excerpts taken from the CMA 10-K filed Feb 24, 2009.

SECTION VI - ACQUISITION OF CORPORATION SHARES

 

A.            Application of Current Contributions.  As soon as reasonably practicable following its receipt of Payroll Withholding Contributions, Other Permitted Contributions, Service Award Contributions, Matching Contributions and/or Share Retention Contributions, the Custodian Bank shall purchase the maximum number of Corporation Shares that the funds allocated to each Participant’s Account may purchase at the then-prevailing market prices.  Such purchases may be in the open market or directly from the Corporation.  Corporation Shares so acquired shall be allocated to the relevant Participant’s Account.

 

B.            Reinvested Cash Dividends.  Any cash dividends paid on Corporation Shares allocated to any Participant’s Account shall be utilized by the Custodian Bank to purchase additional Corporation Shares at prices and in the manner specified above.

 

C.            Book Entry.  Unless otherwise determined by the Committee or the Plan Administrator, Corporation Shares held under the Plan shall be held in book entry form, and the Custodian Bank or its nominee shall be identified as the owner thereof while such Corporation Shares remain in the Plan.

 

SECTION VI - ACQUISITION
OF CORPORATION SHARES



 



A.            Application of Current
Contributions
.  As soon as reasonably
practicable following its receipt of Payroll Withholding Contributions, Other
Permitted Contributions, Service Award Contributions, Matching Contributions
and/or Share Retention Contributions, the Custodian Bank shall purchase the
maximum number of Corporation Shares that the funds allocated to each
Participant’s Account may purchase at the then-prevailing market prices.  Such purchases may be in the open market or
directly from the Corporation. 
Corporation Shares so acquired shall be allocated to the relevant
Participant’s Account.



 



B.            Reinvested Cash Dividends.  Any cash dividends paid on Corporation Shares
allocated to any Participant’s Account shall be utilized by the Custodian Bank
to purchase additional Corporation Shares at prices and in the manner specified
above.



 



C.            Book Entry.  Unless otherwise determined by the Committee
or the Plan Administrator, Corporation Shares held under the Plan shall be held
in book entry form, and the Custodian Bank or its nominee shall be identified
as the owner thereof while such Corporation Shares remain in the Plan.



 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 24, 2009
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki