Determination Letter. The Bank shall apply for a determination letter from the Internal Revenue Service that the Plan and the Trust, taken together, qualify as an employee stock ownership plan for purposes of Section 4975(e)(7) of the Code and the rules and regulations thereunder.
Appears in 7 contracts
Samples: Loan Agreement (Northeast Pennsylvania Financial Corp), Loan Agreement (Bayonne Bancshares Inc), Loan Agreement (Bay State Bancorp Inc)
Determination Letter. The Bank shall apply for a determination -------------------- letter from the Internal Revenue Service that the Plan and the Trust, taken together, qualify as an employee stock ownership plan for purposes of Section 4975(e)(7) of the Code and the rules and regulations thereunder.
Appears in 5 contracts
Samples: Commitment Letter (First Bancorp of Indiana Inc), Loan and Security Agreement (First Source Bancorp Inc), Loan and Security Agreement (Massachusetts Fincorp Inc)
Determination Letter. The Bank shall apply for a determination letter -------------------- from the Internal Revenue Service that the Plan and the Trust, taken together, qualify as an employee stock ownership plan for purposes of Section 4975(e)(7) of the Code and the rules and regulations thereunder.
Appears in 2 contracts
Samples: Loan Agreement (First Lincoln Bancshares Inc), Loan Agreement (Richmond Country Financial Corp)
