Common use of Distribution of Plan Shares Clause in Contracts

Distribution of Plan Shares. (a) TIMING OF DISTRIBUTIONS: GENERAL RULE. Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 5 contracts

Samples: Plan and Trust Agreement (Gs Financial Corp), Fidelity Financial of Ohio Inc, Pittsburgh Home Financial Corp

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Distribution of Plan Shares. (a) TIMING OF DISTRIBUTIONS: GENERAL RULE. Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned, provided, however, that no Plan Shares shall be distributed to the Recipient or Beneficiary pursuant to a Plan Share Award within six months from the date on which that Plan Share Award was granted to such person.

Appears in 2 contracts

Samples: Icarus International Inc, Icarus International Inc

Distribution of Plan Shares. (a) TIMING OF DISTRIBUTIONS: ; GENERAL RULE. Except as provided in subsection (b) below, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 1 contract

Samples: First Federal Bankshares Inc

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Distribution of Plan Shares. (a) TIMING OF DISTRIBUTIONS: GENERAL RULE. Plan Shares shall be distributed to the a Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned, provided, however, that no Plan Shares shall be distributed to a Recipient or Beneficiary pursuant to a Plan Share Award within six months from the date on which that Plan Share Award was granted to such person.

Appears in 1 contract

Samples: Jacksonville Bancorp Inc

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