Form of Allocation. As promptly as practicable after 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 Recipient. Such terms shall be reflected in a written agreement with the Recipient. 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 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)
Form of Allocation. As promptly as practicable Promptly after making a Plan Share Award is to be issuedAward, the Compensation Committee shall notify the Recipient in writing of the grant of the Plan Share Award, the number of Plan Shares covered by the Plan Share Award, and the terms upon which the Plan Shares subject to the Plan Share Award shall may be distributed to the Recipient. Such terms shall be reflected in a written agreement with the Recipientearned. The date on which the Compensation Committee so notifies the Recipient shall be considered the date of grant of the Plan Share AwardAwards. The Compensation Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 2 contracts
Samples: Management Recognition Plan and Trust Agreement (Mercer Insurance Group Inc), Management Recognition Plan and Trust Agreement (Old Guard Group Inc)
