Common use of Deferral of Plan Shares Clause in Contracts

Deferral of Plan Shares. Notwithstanding any other provision of this Plan, any Recipient may elect, with the approval of the Committee and consistent with any rules and regulations established by the Board, to defer the receipt of Plan Shares granted hereunder in accordance with the Corporation’s Deferred Compensation Plan.

Appears in 2 contracts

Samples: Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.), 1999 Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.)

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Deferral of Plan Shares. Notwithstanding any other provision of this Plan, any Recipient may elect, with the approval concurrence of the Committee and consistent with any rules and regulations established by the BoardCommittee, to defer the receipt of Plan Shares subject to Awards granted hereunder in accordance with the Corporation’s Deferred Compensation Planhereunder.

Appears in 1 contract

Samples: 1999 Recognition and Retention Plan and Trust Agreement (Community Savings Bankshares Inc /De/)

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Deferral of Plan Shares. Notwithstanding any other provision of this Plan, any Recipient may elect, with the approval of the Committee and consistent with any rules rules, regulations and regulations deferred compensation plans established by the Board, to defer beyond the scheduled vesting date the receipt of Plan Shares granted hereunder in accordance with the Corporation’s Deferred Compensation Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.)

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