Lockdown

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A status mandated by the security department of a facility during an emergency. During lockdown, all exits are manned and foot traffic is closely monitored
References in periodicals archive ?
During the blackout period when participants are not be able to exercise independent control over the investment assets in their individual accounts, the 401(k) plan thus becomes a trustee-directed plan, much like a traditional pension plan.
Under the plan, the company's designated broker CIBC Capital Markets (CIBC) is allowed to purchase common shares of Sierra at times when the latter ordinarily would not be active in the market due to insider trading rules and its own internal trading blackout periods.
A "blackout period" is the time during which a participant's ability to direct or diversify plan assets, obtain plan loans or receive distributions is temporarily suspended, limited or restricted for more than three consecutive business days.
Under the Plan, the Company's broker may purchase Common Shares under the Bid at times when the Company would ordinarily not be permitted to, due to its regular self-imposed quarterly blackout periods. Before the commencement of any particular internal trading black-out period, the Company may, but is not required to, instruct its broker to make purchases of Common Shares under the Bid during the ensuing blackout period in accordance with the terms of the Plan.
Further, pursuant to the company's ASPP, its broker may buy common shares at times when it ordinarily would not be active in the market due to insider trading rules and its own internal trading blackout periods. These purchases will be made by its broker as per parameters set by it before the beginning of any such blackout period and the terms of the ASPP.
Under the Bank's ASPP, the Bank's broker may purchase Common Shares at times when the Bank ordinarily would not be active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by the Bank's broker based upon parameters set by the Bank prior to the commencement of any such blackout period and in accordance with the terms of the automatic purchase plan.
Any purchases made under Iron Mountain's repurchase programme may be made from time to time in the open market or through negotiated transactions commencing at the conclusion of its current quarterly blackout period. The Finance Committee of the board of directors has been granted the authority to establish trading plans under Rule 10b5-1 of the Exchange Act.
Not recognizing liability for blackout periods. When fiduciaries decide to switch from one investment provider to another, they often institute a blackout period during which participants cannot change their investment selections.
corporate bond update: issuance is picking up now that many are out of their earnings blackout period and as the market benefits from Fed rate cut expectations.
The rule 10b5-1 repurchase plan allows the company to repurchase its shares during periods when it would normally not be active in the market due to its internal trading blackout period.