Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.01 that a Plan Share Award is to be issued, 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 Employee. Such terms shall be reflected in a written agreement with the Employee. The date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Award. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 3 contracts
Samples: Esb Financial Corp, Esb Financial Corp, Jacksonville Bancorp Inc
Form of Allocation. As promptly as practicable after a determination is made pursuant to Section Sections 6.01 or 6.02 that a Plan Share Award is to be issued, the Board of Directors 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 Employee. Such terms shall be reflected in a written agreement with the EmployeeRecipient. The date on which the Board of Directors or the Committee so notifies makes the Recipient determination with respect to Plan Share Awards shall be considered the date of grant of the Plan Share Award. The Board of Directors or the Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 2 contracts
Samples: Plan and Trust Agreement (Gs Financial Corp), Pittsburgh Home Financial Corp
Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.01 6.02 that a Plan Share Award is to be issuedhas 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 date on which the Committee so notifies the Recipient shall be distributed to considered the Employee. Such terms shall be reflected in a written agreement with date of the Employeeinitial grant of Plan Share Awards. The date on which the Committee so notifies the Recipient shall be considered the date of grant of the any subsequent Plan Share AwardAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 1 contract
Samples: First Federal Bankshares Inc
Form of Allocation. As promptly as practicable after a -------------------- determination is made pursuant to Section 6.01 that a Plan Share Award is to be issued, 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 Employee. Such terms shall be reflected in a written agreement with the Employee. The date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Award. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 1 contract
Samples: WVS Financial Corp
Form of Allocation. As promptly as practicable after a determination is made pursuant to Section Sections 6.01 or 6.02 that a Plan Share Award is to be issued, the Board of Directors 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 Employee. Such terms shall be reflected in a written agreement with the EmployeeRecipient. The date on which the Board of Directors or the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Award. The Board of Directors or the Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 1 contract
Samples: Fidelity Financial of Ohio Inc