Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Awards pursuant to Section 6.02 of this Agreement, or the decision of the Committee to return Plan Shares to the Corporation, the Plan Share Reserve shall be reduced by the number of Plan Shares so allocated or returned. Any Plan Shares subject to an Award which is forfeited by the Recipient pursuant to Section 7.01(b) of this Agreement shall be retained in the Plan Share Reserve.
Appears in 3 contracts
Samples: Recognition and Retention Plan and Trust Agreement (United Community Financial Corp), Recognition and Retention Plan (Home Loan Financial Corp), Recognition and Retention Plan and Trust Agreement (Home Loan Financial Corp)
Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards pursuant to under Section 6.02 of this Agreement6.02, or the decision of the Committee to return Plan Shares to the CorporationAssociation, the Plan Share Reserve shall be reduced by the number of Plan Shares subject to the Awards so allocated or returned. Any Plan Shares subject to an Award which is forfeited that may not be earned because of a forfeiture by the Recipient pursuant to Section 7.01(b) of this Agreement 7.01 shall be retained in returned (added) to the Plan Share Reserve.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (First Federal Bankshares Inc)
Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards pursuant to Section under Sections 6.02 of this Agreementand 6.05, or the decision of the Committee to return Plan Shares to the CorporationCompany, the Plan Share Reserve shall be reduced by the number of Plan Shares subject to the Awards so allocated or returned. Any Plan Shares subject to an Award which is forfeited are not earned because of forfeiture by the Recipient Participant pursuant to Section 7.01(b) of this Agreement 7.01 shall be retained in added to the Plan Share Reserve.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (Community First Bancorp Inc)
Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards pursuant to Section under Sections 6.02 of this Agreementand 6.03, or the decision of the Committee to return Plan Shares to the CorporationHolding Company, the Plan Share Reserve shall be reduced by the number of Plan Shares so allocated or returned. Any Plan Shares shares subject to an Award which is forfeited may not be earned because of a forfeiture by the Recipient pursuant to Section 7.01(b) of this Agreement 7.01 shall be retained in returned (added) to the Plan Share Reserve.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Three Rivers Financial Corp)
