Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a), all Plan Shares subject to a Plan Share Award held by a Recipient whose employment or service with the Corporation or any Subsidiary terminates due to death or Disability shall be deemed earned as of the Recipient's last day of employment with the Corporation or any Subsidiary and shall be distributed as soon as practicable thereafter; provided, however, that Awards shall be distributed in accordance with Section 7.03(a).
Appears in 4 contracts
Samples: Recognition and Retention Plan and Trust Agreement (First Keystone Financial Inc), Management Recognition Plan and Trust Agreement (First Defiance Financial Corp), Management Recognition Plan and Trust Agreement (Jacksonville Bancorp Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a), all Plan Shares subject to a Plan Share Award held by a Recipient whose employment or service with the Corporation or any Subsidiary terminates due to death or Disability shall be deemed earned as of the Recipient's ’s last day of employment with the Corporation or any Subsidiary and shall be distributed as soon as practicable thereafter; provided, however, that no Awards shall be distributed in accordance with Section 7.03(a)prior to six months from the date of grant of the Plan Share Award.
Appears in 2 contracts
Samples: Recognition and Retention Plan for Officers and Trust Agreement (Esb Financial Corp), Recognition and Retention Plan for Officers and Trust Agreement (Esb Financial Corp)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a), all Plan Shares subject to a Plan Share Award held by a Recipient whose employment or service with as a director of the Corporation or any Subsidiary terminates due to death or Disability shall be deemed earned as of the Recipient's ’s last day of employment service with the Corporation or any Subsidiary and shall be distributed as soon as practicable thereafter; provided, however, that no Awards shall be distributed in accordance with Section 7.03(a)prior to six months from the date of grant of the Plan Share Award.
Appears in 2 contracts
Samples: Recognition and Retention Plan for Directors and Trust Agreement (Esb Financial Corp), Recognition and Retention Plan for Directors and Trust Agreement (Esb Financial Corp)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a), all Plan Shares subject to a Plan Share Award held by a Recipient whose employment with or service with to the Corporation or any Subsidiary terminates due to death or Disability shall be deemed earned as of the Recipient's last day of employment with or service to the Corporation or any Subsidiary and shall be distributed as soon as practicable thereafter; provided, however, that Awards shall be distributed in accordance with Section 7.03(a).
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (First Federal Financial Bancorp Inc)
Exception for Terminations Due to Death or Disability. Notwithstanding the general rule contained in Section 7.01(a), all Plan Shares subject to a Plan Share Award held by a Recipient whose employment or service with the Corporation or any Subsidiary or service as a Non-Employee Director terminates due to death or Disability shall be deemed earned as of the Recipient's last day of employment with or service to the Corporation or any Subsidiary and shall be distributed as soon as practicable thereafter; provided, however, that Awards shall be distributed in accordance with Section 7.03(a).
Appears in 1 contract
Samples: 1997 Recognition and Retention Plan and Trust Agreement (Gs Financial Corp)
