Common use of Form of Allocation Clause in Contracts

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 that a Plan Share Award is to be made, 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 registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earned. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 2 contracts

Samples: River Valley Bancorp, River Valley Bancorp

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Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 that a Plan Share Award is to be madehas been granted, 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 date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 2 contracts

Samples: And Retention Plan and Trust Agreement (Camden National Corp), Guaranty Federal Bancshares Inc

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 that a Plan Share Award is to be madeissued, 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 stock certificates for date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAward. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: CSB Financial Group Inc

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 Sections 6.01 that a Plan Share Award is to be madeissued, 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 shall be earneddistributed to the Recipient. The stock certificates for date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAward. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: Finger Lakes Bancorp Inc

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 that a Plan Share Award is to be made, 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 certificate for Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earned. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: Citizens Bancorp

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 6.01 that a Plan Share Award is to be madeissued, 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 shall be earneddistributed to the Recipient (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 stock certificates for Plan Share Awards shall be registered in Board or the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earned. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: Willow Financial Bancorp, Inc.

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 that a Plan Share Award is to be made, 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 registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earned. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: Citizens Bancorp

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section Sections 6.02 or 6.03 and 6.05 that a Plan Share Award is to be made, 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 award may be earned. The stock certificates for date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: First Colorado Bancorp Inc

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Form of Allocation. As promptly as practicable after a ------------------ determination is made pursuant to Section 6.02 or 6.03 that a Plan Share Award is to be madehas been granted, 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 date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: Harbor Florida Bancorp Inc

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 6.2 that a Plan Share Award is to be madeissued, 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 stock certificates for date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAward. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: Cgb&l Financial Group Inc

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 Section 6.05 that a Plan Share Award is to be made, 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 award may be earned. The stock certificates for date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: NCF Financial Corp /De/

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or 6.03 6.01 that a Plan Share Award is to be madeissued, 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 shall be earneddistributed to the Recipient. The stock certificates for date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAward. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: Plan and Trust Agreement (First Keystone Financial Inc)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section Sections 6.01 or 6.02 or 6.03 that a Plan Share Award is to be madeissued, 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 shall be earneddistributed to the Recipient. The stock certificates for date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Awards shall be registered in the name of the Recipient until forfeited or transferred by the Recipient after such Award has been earnedAward. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Samples: First Defiance Financial Corp

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