Common use of Earnings Clause in Contracts

Earnings. All earnings, gains and losses with respect to Trust assets shall be allocated in accordance with a reasonable procedure adopted by the Committee, to bookkeeping accounts for Participants or to the general account of the Trust, depending on the nature and allocation of the assets generating such earnings, gains and losses. In particular, any earnings on cash dividends received with respect to shares of Common Stock shall be allocated to accounts for Participants, except to the extent that such cash dividends are distributed to Participants, if such shares are the subject of outstanding Plan Share Awards, or, otherwise to the Plan Share Reserve.

Appears in 34 contracts

Samples: And Trust Agreement (Wells Financial Corp), Guaranty Federal Bancshares Inc, Esb Financial Corp

AutoNDA by SimpleDocs

Earnings. All earnings, gains and losses with respect to Trust assets shall be allocated in accordance with a reasonable procedure adopted by the Committee, to bookkeeping accounts for Participants Recipients or to the general account of the Trust, depending on the nature and allocation of the assets generating such earnings, gains and losses. In particular, any earnings on cash dividends received with respect to shares of Common Stock shall be allocated to accounts for ParticipantsRecipients, except to the extent that such cash dividends are distributed to ParticipantsRecipients, if such shares are the subject of outstanding Plan Share Awards, or, otherwise to the Plan Share Reserve.

Appears in 9 contracts

Samples: First Colorado Bancorp Inc, GFSB Bancorp Inc, Thistle Group Holdings Co

Earnings. All earnings, gains and losses with respect to Trust assets shall be allocated allocated, in accordance with a reasonable procedure adopted by the Committee, to bookkeeping accounts for Participants Recipients or to the general account of the Trust, depending on the nature and allocation of the assets generating such earnings, gains and losses. In particular, any earnings on cash dividends received with respect to shares of Common Stock shall be allocated to accounts for Participants, except to the extent that such cash dividends are distributed to ParticipantsRecipients, if such shares are the subject of outstanding Plan Share Awards, or, otherwise to a reserve established by the Plan Share ReservePlan.

Appears in 2 contracts

Samples: CSB Financial Group Inc, Cgb&l Financial Group Inc

AutoNDA by SimpleDocs

Earnings. All earnings, gains and losses with respect to Trust assets shall be allocated accumulated and reinvested, and shall be allocated, in accordance with a reasonable procedure adopted by the Committee, to bookkeeping accounts for Participants Recipients or to the general account of the Trust, depending on the nature and allocation of the assets generating such earnings, gains and losses. In particular, any earnings on cash dividends received with respect to shares of Common Stock shall be allocated to accounts for Participants, except to the extent that such cash dividends are distributed to ParticipantsRecipients, if such shares are the subject of outstanding Plan Share Awards, or, otherwise to the Plan Share Reserve.

Appears in 1 contract

Samples: First Federal Bankshares Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!