Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant whose employment or service with the Parent, Savings Bank or a Subsidiary terminates due to death or Disability, shall be deemed earned and nonforfeitable as of the Participant's last date of employment or service with the Parent, Savings Bank or Subsidiary and shall be distributed as soon as practicable thereafter.
Appears in 9 contracts
Samples: Restricted Stock Plan and Trust Agreement (Guaranty Federal Bancshares Inc), Restricted Stock Plan (Steelton Bancorp Inc), Restricted Stock Plan and Trust Agreement (Afsala Bancorp Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant whose employment or service with the Parent, Savings Bank or a Subsidiary terminates due to death or Disability, shall be deemed earned and nonforfeitable as of the Participant's last date of employment or service with the Parent, Savings Bank or a Subsidiary and shall be distributed as soon as practicable thereafter.
Appears in 5 contracts
Samples: Restricted Stock Plan and Trust Agreement (Osage Federal Financial Inc), Restricted Stock Plan and Trust Agreement (American Bancorp of New Jersey Inc), Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant whose employment or service with the Parent, Savings Bank or a Subsidiary terminates due to death or Disability, shall be deemed earned and nonforfeitable as of the Participant's last date of employment or service with the Parent, Savings Bank or Subsidiary and shall be distributed as soon as practicable thereafter.
Appears in 5 contracts
Samples: Stock Bonus Plan and Trust Agreement (Wells Financial Corp), Restricted Stock Plan and Trust Agreement (Reserve Bancorp Inc), Restricted Stock Plan and Trust Agreement (Floridafirst Bancorp Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant whose employment or service with the Parent, Savings Bank Company or a Subsidiary terminates due to death or Disability, shall be deemed earned and nonforfeitable as of the Participant's last date of employment or service with the Parent, Savings Bank Company or a Subsidiary and shall be distributed as soon as practicable thereafter.
Appears in 3 contracts
Samples: Restricted Stock Plan and Trust Agreement (Synergy Financial Group Inc /Nj/), Stock Bonus Plan and Trust Agreement (Synergy Financial Group Inc /Nj/), Restricted Stock Plan and Trust Agreement (Synergy Financial Group Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant Recipient whose employment or service with the Parent, Savings Bank or a Subsidiary terminates due to death or Disabilitydisability (as determined by the Committee), shall be deemed earned and nonforfeitable as of the ParticipantRecipient's last date day of employment or service with the Parent, Savings Bank or Subsidiary and shall be distributed as soon as a practicable thereafter.
Appears in 3 contracts
Samples: Management Stock Bonus Plan and Trust Agreement (Swva Bancshares Inc), Management Stock Bonus Plan and Trust Agreement (Beckley Bancorp Inc), Management Stock Bonus Plan and Trust Agreement (Guthrie Savings Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant whose employment or service with the Parent, Savings Bank Company or a Subsidiary terminates due to death or Disability, shall be deemed earned and nonforfeitable as of the Participant's last date of employment or service with the Parent, Savings Bank or a Subsidiary and shall be distributed as soon as practicable thereafter.
Appears in 2 contracts
Samples: Restricted Stock Plan and Trust Agreement (Community First Bancorp Inc), Restricted Stock Plan and Trust Agreement (Community First Bancorp Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) abovethis Section, all Plan Shares subject to a Plan Share Award held by a Participant Recipient whose employment or service with the Parent, Savings Bank Company or a Subsidiary terminates due to death Death or Disability, or any part of such Award that has not theretofore been earned, shall be deemed earned and nonforfeitable as of the ParticipantRecipient's last date day of employment or service with the Parent, Savings Bank Company or Subsidiary and shall be distributed as soon as practicable thereaftera Subsidiary.
Appears in 2 contracts
Samples: Management Development and Recognition Plan and Trust Agreement (Cgb&l Financial Group Inc), Management Development and Recognition Plan and Trust Agreement (CSB Financial Group Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant Recipient whose employment or service with the Parent, Savings Bank or a Subsidiary terminates due to death or Disabilitydisability (as determined by the Committee), shall be deemed earned and nonforfeitable as of the ParticipantRecipient's last date day of employment or service with the Parent, Savings Bank or Subsidiary and shall be distributed as soon as a practicable thereafter.
Appears in 2 contracts
Samples: Management Recognition Plan and Trust Agreement (First Colorado Bancorp Inc), Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant Recipient whose employment or service with the Parent, Savings Bank Association or a Subsidiary terminates due to death or Disabilitydisability (as determined by the Committee), shall be deemed earned and nonforfeitable as of the ParticipantRecipient's last date day of employment or service with the Parent, Savings Bank Association or Subsidiary and shall be distributed as soon as practicable thereafter.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (NCF Financial Corp /De/)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant Recipient whose employment or service with the Parent, Savings Bank or a Subsidiary terminates due to death or Disability, shall be deemed earned and nonforfeitable as of the ParticipantRecipient's last date of employment or service with the Parent, Savings Bank or Subsidiary and shall be distributed as soon as practicable thereafter.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (First Colorado Bancorp Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant Recipient whose employment or service with the Parent, Savings Bank or a Subsidiary terminates due to death or Disabilitydisability (as determined by the Committee), shall be deemed earned and nonforfeitable as of the ParticipantRecipient's last date day of employment or service with the Parent, Savings Bank or Subsidiary and shall be distributed as soon as a practicable thereafter.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (GFSB Bancorp Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant whose employment or service with the Parent, Savings Bank or a Subsidiary terminates due to death or Disability, shall be deemed earned and nonforfeitable as of the Participant's ’s last date of employment or service with the Parent, Savings the Bank or Subsidiary and shall be distributed as soon as practicable thereafter.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (Esb Financial Corp)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a) above, all Plan Shares subject to a Plan Share Award held by a Participant Recipient whose employment or service with the Parent, Savings Bank Association or a Subsidiary terminates due to death or Disabilitydisability (as determined by the Committee), shall be deemed earned and nonforfeitable as of the ParticipantRecipient's last date day of employment or service with the Parent, Savings Bank Association or Subsidiary and shall be distributed as soon as a practicable thereafter.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
