If you opt to sell all of the shares held for you in the Plan, your participation in the Plan will be automatically terminated.
Alternatively, you may choose to sell your shares through a broker-dealer of your choice, in which case you will have to request that the Plan Administrator
either (a) electronically transfer your shares to your stockbroker, or (b) issue the shares in certificate form for delivery to your stockbroker before settlement of the sale.
The Plan Administrator may determine the price for the fractional shares either by (a) facilitating the sale of shares on the open market through a
registered broker-dealer, or (b) using the current price of our common stock on the New York Stock Exchange, or as quoted by a registered broker-dealer on the date of the request.
19. If I request the sale of the shares held in my Plan account, when will they be sold?
If you request the sale of shares that are held for you in the Plan, the Plan Administrator will use its best efforts to facilitate the sale of your shares on
the open market by the broker-dealer engaged by the Plan Administrator within five (5) business days after receipt of your sale instructions, or as soon as otherwise practicable. A check in payment of the net proceeds will be mailed to you as
soon as practicable after the sale has taken place.
There can be no assurances with respect to the ability of the broker-dealer engaged by the Plan
Administrator to sell your shares and no assurances as to the prices or timing of such sales, or the terms under which such sales may be transacted. Neither we nor the Plan Administrator has any obligation under the Plan, and assume no
responsibility, to facilitate the purchase of whole shares credited to your Plan account if such shares cannot be sold by the broker-dealer engaged by the Plan Administrator.
DIVIDENDS
20. How will I be credited with the
dividends paid on the shares I have enrolled in the Plan and/or that are being held in my Plan account?
The Plan Administrator will receive the cash
dividends (less the amount of any taxes withheld) paid by us on all whole and fractional shares that are enrolled and/or held in the Plan at the dividend record date, and will credit such dividends to your Plan account on the payable date. The
dividends received by the Plan Administrator will automatically be reinvested in shares of our common stock.
21. What if I decide that I would like to
receive in cash some of the dividends paid on the shares enrolled or held in the Plan, rather than having them reinvested?
The Plan permits partial
reinvestment of dividends. Please see Question 7.
REPORTS TO PARTICIPANTS
22. What reports will I receive as a participant in the Plan?
As soon as practicable after each transaction, you will receive a statement with information about your Plan account, including amounts invested, the purchase
and/or sale prices, and the number of shares purchased and/or sold. This statement will provide a record of purchases and sales transacted on your behalf under the Plan and you should retain it for income tax purposes. As a stockholder, you also
will receive various communications, including our annual report to stockholders, notices of stockholder meetings, proxy statements, and information for income tax reporting.
ISSUANCE AND DEPOSIT OF STOCK CERTIFICATES
23. Will
certificates be issued to me for shares of common stock purchased through the Plan?
Certificates for shares of common stock that are purchased through
the Plan will not be issued to you, unless you request that the Plan Administrator do so. All shares will be issued to the Plan Administrator or its nominee(s) as
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