Contributions to Trust. (a) The Board shall determine the amount (or the method of computing the amount) and timing of any contributions by the Bank and any Subsidiaries to the Trust established under this Plan. Such amounts may be paid in cash or in shares of Common Stock and shall be paid to the Trust at the designated time of contribution. No contributions by Participants shall be permitted.
Appears in 4 contracts
Samples: Home Savings (South Street Financial Corp), Plan and Trust Agreement (Innes Street Financial Corp), Plan and Trust Agreement (Scotland Bancorp Inc)
