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| Definitions by InvestorWords.com |
| What is...? |
| Round Down Rounding Down means that E*TRADE will round down to the nearest whole share when calculating the Estimated Appreciation Shares and will round down again to the nearest whole share when calculating Estimated Tax Shares. The result could be either an amount Due to Participant or an amount Due to Company. If the result is an amount Due to Participant, client is responsible for paying out fractional values according to the rules established in their plan. If the result is amount Due to Company, E*TRADE will advance the money to the company for amounts reflecting fractional shares and company will subrogate its right to payment to E*TRADE. E*TRADE will then collect from participants, by deducting from SARs proceeds, deducting from future proceeds, or other means as determined by E*TRADE. |
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