The following question and answer statement details the provisions of the Company’s Plan. If you become a Participant in the Company’s Plan, the Company recommends that you retain this Prospectus for future reference.
1.
| What is the purpose of the Plan? |
The purpose of the Plan is to provide holders of record of the Company’s Common Stock and other persons who wish to purchase Common Stock with a convenient and economical method of purchasing shares of Common Stock of the Company, from the Company, without payment of brokerage commission or other charge.
Reinvestment of dividends and direct stock purchases under the Plan will provide the Company with funds that will be used for general corporate purposes.
2.
| What are the advantages of the Plan? |
Participants in the Plan may elect to have cash dividends on their shares of Common Stock automatically reinvested at market prices, less a discount, if applicable (see Question 15). Also, a Participant may elect to receive a part of each dividend in cash, with the balance of each dividend being invested in the Plan. There is no maximum reinvestment limitation per dividend; however, if you elect partial reinvestment, you must reinvest at least 10% of your dividend distribution each dividend period.
No commission or service or other charge will be paid by Participants in connection with the dividend reinvestment option of the Plan.
New investors who are not currently holders of record of Common Stock can join the Plan by completing and mailing an enrollment form and a check to the Plan Administrator. New investors may also opt to enroll online through the Plan Administrator’s website, http://shareholder.broadridge.com/YORW. The minimum purchase of Common Stock for new initial enrollment in the Plan is $500.
Once enrolled in the Plan, Participants may buy additional shares of our Common Stock at any time for as little as $50 per purchase. The maximum optional cash investment a Participant may make in any calendar year is $40,000.
Participants may also establish recurring automatic withdrawals from a U.S. bank through the Plan Administrator’s website, http://shareholder.broadridge.com/YORW. Recurring automatic withdrawals will be made on the tenth of the month and will be invested on the next monthly investment date which is the twentieth of the month. If the twentieth is not a trading day then the investment will be made the next business day. No interest will be paid on funds received but not yet invested.
Full investment of funds will be possible under the Plan because the Plan permits fractions of shares (to three decimal places), as well as whole shares, to be credited to each Participant’s account held by the Company. Dividends on both whole shares and on fractions of shares will be credited to each Participant’s account for his or her benefit.
The Plan allows Participants to purchase and sell shares of Company Common Stock. There are no commissions or service charges on purchases made under the Plan. Fees are charged by the Plan Administrator for sales or other transactions, but may be lower than commissions and fees charged by a stockbroker.
The Plan Administrator will provide simplified recordkeeping for shares held in each Participant’s account.
The Plan also provides for the safekeeping of the shares held in the shareholder’s account with the Company at no cost to the Participant.
3.
| Who administers the Plan for Participants? |
Broadridge Corporate Issuer Solutions, Inc. administers and interprets the Plan for the benefit of the Participants, keeps records, acts as custodian, sends Statements of Account to Participants and performs any other