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: Recognition and Retention Plan and Trust Agreement (First Federal Financial Bancorp Inc), Recognition and Retention Plan and Trust Agreement (Pittsburgh Home Financial Corp), Management Recognition Plan and Trust Agreement (Fidelity Financial of Ohio Inc)
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: Recognition and Retention Plan and Trust Agreement (Icarus International Inc), Recognition and Retention Plan and Trust Agreement (Icarus International Inc)
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: Management Recognition Plan and Trust Agreement (Jacksonville Bancorp 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: Recognition and Retention Plan and Trust Agreement (First Federal Bankshares Inc)
