Common use of Form of Allocation Clause in Contracts

Form of Allocation. As promptly as practicable after an allocation pursuant to Section 6.01 that a Plan Share Award or a Performance Share Award is to be issued, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the Award shall be distributed to the Recipient. The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 7 contracts

Samples: 2003 Recognition and Retention Plan and Trust Agreement (Minden Bancorp, Inc.), 2005 Recognition and Retention Plan and Trust Agreement (Home Federal Bancorp, Inc. Of Louisiana), Recognition and Retention Plan and Trust Agreement (Tierone Corp)

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Form of Allocation. As promptly as practicable after an allocation a determination is made pursuant to Section 6.01 6.02 that a Plan Share Award or a Performance Share Award is to be issuedmade, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the Award may be earned. The stock certificates for Plan Share Awards shall be distributed registered in the name of the Recipient until forfeited or transferred to the RecipientRecipient after such Award has been earned. The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 6 contracts

Samples: Recognition and Retention Plan and Trust Agreement (Union Community Bancorp), Recognition and Retention Plan and Trust Agreement (City Savings Financial Corp), Recognition and Retention Plan and Trust Agreement (Union Community Bancorp)

Form of Allocation. As promptly as practicable after an allocation pursuant to Section 6.01 that a Plan Share Award or a Performance Share Award is to be issued, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the Award shall be distributed to the Recipient. The date on which the Board or the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Award or the Performance Share Award. The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 2 contracts

Samples: 1999 Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.), Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.)

Form of Allocation. As promptly as practicable after an allocation a determination pursuant to Section 6.01 that a Plan Share Award or a Performance Share Award is to be issued, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the Award shall be distributed to the RecipientRecipient (except that Plan Shares covered by the Award shall not be issued or transferred to a Recipient earlier than the date upon which Plan Shares are earned and vested). The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.)

Form of Allocation. As promptly as practicable after an allocation pursuant to Section 6.01 that a Plan Share Award or a Performance Share Award is to be issued, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the Award shall be distributed to the Recipient. The date on which the Board or the Committee makes such determination with respect to an Award shall be considered the date of grant of the Plan Share Award or the Performance Share Award. The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 1 contract

Samples: 1999 Recognition and Retention Plan and Trust Agreement (Community Savings Bankshares Inc /De/)

Form of Allocation. As promptly as practicable after an allocation pursuant to Section 6.01 6.1 that a Plan Share Award or a Performance Share Award is to be issued, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the Award shall be distributed to the Recipient. The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 1 contract

Samples: 2010 Recognition and Retention Plan and Trust Agreement (Fairmount Bancorp, Inc.)

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Form of Allocation. As promptly as practicable after an allocation a determination is made pursuant to Section 6.01 6.02 that a Plan Share Award or a Performance Share Award is to be issued, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, Award and the terms upon which the Plan Shares subject to the Award may be earned. The date on which the Committee so notifies the Recipient shall be distributed to considered the Recipientdate of grant of the Plan Share Award. The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 1 contract

Samples: Management Development and Recognition Plan and Trust Agreement (CSB Financial Group Inc)

Form of Allocation. As promptly as practicable after an allocation a determination is made pursuant to Section 6.01 6.02 that a Plan Share Award or a Performance Share Award is to be issuedmade, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the Award may be earned. The stock certificates for Plan Share Awards shall be distributed to registered in the Recipientname of the Recipient until forfeited or transferred by the Recipient after such Award has been earned. The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Citizens Bancorp)

Form of Allocation. As promptly as practicable after an allocation pursuant to Section Section 6.01 that a Plan Share Award or a Performance Share Award is to be issued, the Board or the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the Award shall be distributed to the Recipient. The date on which the Board or the Committee makes such determination with respect to an Award shall be considered the date of grant of the Plan Share Award or the Performance Share Award. The Board or the Committee shall maintain records as to all grants of Plan Share Awards or Performance Share Awards under the Plan.

Appears in 1 contract

Samples: 1999 Recognition and Retention Plan and Trust Agreement (Ibl Bancorp)

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