Common use of ESTABLISHMENT OF THE PLAN AND TRUST Clause in Contracts

ESTABLISHMENT OF THE PLAN AND TRUST. 2.01 The Corporation hereby establishes a Recognition and Retention Plan and Trust upon the terms and subject to the conditions set forth in this Agreement. 2.02 The Trustee hereby accepts the Trust and agrees to hold the Trust assets existing on the date of this Agreement and all additions and accretions thereto upon the terms and conditions of this Agreement.

Appears in 7 contracts

Samples: Recognition and Retention Plan (Home Loan Financial Corp), Recognition and Retention Plan and Trust Agreement (Columbia Financial of Kentucky Inc), Recognition and Retention Plan and Trust Agreement (Home Loan Financial Corp)

AutoNDA by SimpleDocs

ESTABLISHMENT OF THE PLAN AND TRUST. 2.01 The Corporation Holding Company hereby establishes a Management Recognition and Retention Plan and Trust upon the terms and subject to the conditions set forth in this Agreement. 2.02 . The Trustee hereby accepts the Trust and agrees to hold the Trust assets existing on the date of this Agreement and all additions and accretions thereto upon the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Management Recognition Plan and Trust Agreement (Southern Community Bancshares Inc)

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