Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 16 contracts
Samples: Restricted Stock Plan and Trust Agreement (Guaranty Federal Bancshares Inc), Stock Bonus Plan and Trust Agreement (Farnsworth Bancorp Inc), Restricted Stock Plan and Trust Agreement (Afsala Bancorp Inc)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee or Outside Director shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the BoardCommittee, nor shall the Employees or Outside Directors as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board, shall) return all Common Stock in the Plan Share Reserve not yet allocated to the Savings Bank Holding Company at any time, and cease issuing Plan Share Awards.
Appears in 7 contracts
Samples: Recognition and Retention Plan and Trust Agreement (Union Community Bancorp), Recognition and Retention Plan and Trust Agreement (Third Century Bancorp), Recognition and Retention Plan and Trust Agreement (City Savings Financial Corp)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 6 contracts
Samples: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co), Management Stock Bonus Plan and Trust Agreement (Swva Bancshares Inc), Management Stock Bonus Plan and Trust Agreement (Beckley Bancorp Inc)
Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee Eligible Participant shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Eligible Participant as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 5 contracts
Samples: Restricted Stock Plan and Trust Agreement (Osage Bancshares, Inc.), Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.), Restricted Stock Plan and Trust Agreement (American Bancorp of New Jersey Inc)
Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank Company at any time, and cease issuing Plan Share Awards.
Appears in 3 contracts
Samples: Restricted Stock Plan and Trust Agreement (Synergy Financial Group Inc), Stock Bonus Plan and Trust Agreement (Synergy Financial Group Inc /Nj/), Restricted Stock Plan and Trust Agreement (Synergy Financial Group Inc /Nj/)
Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 3 contracts
Samples: Restricted Stock Plan and Trust Agreement (Esb Financial Corp), Restricted Stock Plan and Trust Agreement (Floridafirst Bancorp Inc), Restricted Stock Plan and Trust Agreement (Reserve Bancorp Inc)
Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee Eligible Participants shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Eligible Participants as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank Company at any time, and cease issuing Plan Share Awards.
Appears in 2 contracts
Samples: Restricted Stock Plan and Trust Agreement (Community First Bancorp Inc), Restricted Stock Plan and Trust Agreement (Community First Bancorp Inc)
Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee Eligible Participant shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Eligible Participants as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 2 contracts
Samples: Stock Bonus Plan and Trust Agreement (Wells Financial Corp), Stock Bonus Plan and Trust Agreement (Wells Financial Corp)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the salaried Employees as a group have such a right. The Committee mayCommittee, with the approval of the Board (or, or if so directed by the Board) ), may return all Common Stock in the Plan Share Reserve to the Savings Bank Association at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (First Federal Bankshares Inc)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.02, and 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (First Colorado Bancorp Inc)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the salaried Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board, may) return all Common Stock in the Plan Share Reserve to the Savings Bank Company at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Camden National Corp)
Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee Employee, Director and Directors Emeritus shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Employees, Directors and Directors Emeritus as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (Bucs Financial Corp)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee or Outside Director shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the BoardCommittee, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board, shall) return all Common Stock in the Plan Share Reserve not yet allocated to the Savings Bank Holding Company at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Citizens Bancorp)
Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee Eligible Participant shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Eligible Participant as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank Company at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (Synergy Financial Group Inc /Nj/)
Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 6.01 or 6.056.02, no Employee Eligible Participant shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Eligible Participants, as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (Se Financial Corp)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee Recipient shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees salaried Recipients as a group have such a right. The Committee mayCommittee, with the approval of the Board (or, or if so directed by the Board) ), may return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Recognition and Retention Plan (Guaranty Federal Bancshares Inc)
Allocations Not Required. Notwithstanding anything to the ------------------------ contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the salaried Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board, shall) return all Common Stock in the Plan Share Reserve to the Savings Bank Company at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Recognition and Retention Plan (Harbor Florida Bancorp Inc)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.01 and 6.02 or Section 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank Association at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (NCF Financial Corp /De/)
Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank Association at any time, and cease issuing Plan Share Awards.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
