Amendment and Termination of the Plan. The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Savings Bank or the Parent all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have not yet been earned by the Participants to whom they have been awarded. However, the termination of the Trust shall not affect a Participant's right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board.
Appears in 6 contracts
Samples: Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.), Restricted Stock Plan and Trust Agreement (PHSB Financial Corp), Restricted Stock Plan and Trust Agreement (PHS Bancorp Inc)
Amendment and Termination of the Plan. The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Savings Bank or the Parent all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have but not yet been earned by the Participants Employees to whom they have been awardedare allocated. However, the termination of the Trust shall not affect a Participant's Recipients right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board.
Appears in 4 contracts
Samples: Management Stock Bonus Plan and Trust Agreement (Guthrie Savings Inc), Management Stock Bonus Plan and Trust Agreement (Beckley Bancorp Inc), Management Stock Bonus Plan and Trust Agreement (Swva Bancshares Inc)
Amendment and Termination of the Plan. The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Savings Bank or the Parent all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have not yet been earned by the Participants to whom they have been awarded. However, the termination of the Trust shall not affect a Participant's right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board.
Appears in 4 contracts
Samples: Stock Bonus Plan and Trust Agreement (Wells Financial Corp), Stock Bonus Plan and Trust Agreement (Wells Financial Corp), Stock Bonus Plan and Trust Agreement (Farnsworth Bancorp Inc)
Amendment and Termination of the Plan. The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Savings Bank or the Parent all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have but not yet been earned by the Participants Employees to whom they have been awardedare allocated. However, the termination of the Trust shall not affect a Participant's Recipients right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board.
Appears in 1 contract
Samples: Management Recognition Plan and Trust Agreement (First Colorado Bancorp Inc)
Amendment and Termination of the Plan. The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Savings Bank or the Parent all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have but not yet been earned by the Participants Employees to whom they have been awardedare allocated. However, the termination of the Trust shall not affect a Participant's Recipients right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
Amendment and Termination of the Plan. The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Savings Bank or the Parent Association all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have but not yet been earned by the Participants Employees to whom they have been awardedare allocated. However, the termination of the Trust shall not affect a Participant's Recipients right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
Amendment and Termination of the Plan. The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Savings Bank or the Parent all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have not yet been earned by the Participants Employees to whom they have been awardedgranted. However, the termination of the Trust shall not affect a ParticipantRecipient's right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (NCF Financial Corp /De/)
Amendment and Termination of the Plan. The Board may, by resolution, at any time, amend or terminate the Plan. The power to amend or terminate the Plan shall include the power to direct the Trustee to return to the Savings Bank or the Parent all or any part of the assets of the Trust, including shares of Common Stock held in the Plan Share Reserve, as well as shares of Common Stock and other assets subject to Plan Share Awards which have not yet been earned by the Participants to whom they have been awarded. However, the termination of the Trust shall not affect a Participant's right to earn Plan Share Awards and to the distribution of Common Stock relating thereto, including earnings thereon, in accordance with the terms of this Plan and the grant by the Committee or the Board.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (Skibo Financial Corp)
