General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth of such Award following one year after the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.
Appears in 10 contracts
Samples: Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.), Restricted Stock Plan and Trust Agreement (Floridafirst Bancorp Inc), Restricted Stock Plan and Trust Agreement (American Bancorp of New Jersey Inc)
General Rules. Unless the Committee shall specifically state states to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth of such Award following one year after as of the date of the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.
Appears in 5 contracts
Samples: Restricted Stock Plan and Trust Agreement (PHSB Financial Corp), Restricted Stock Plan and Trust Agreement (PHS Bancorp Inc), Restricted Stock Plan and Trust Agreement (Roebling Financial Corp Inc)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth fourth of such Award following one year after the granting of such Award, and an additional one-fifth fourth following each of the next four three successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.
Appears in 2 contracts
Samples: Stock Bonus Plan and Trust Agreement (Farnsworth Bancorp Inc), Stock Bonus Plan and Trust Agreement (Farnsworth Bancorp Inc)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth fourth of such Award following one year after the granting of such Award, and an additional one-fifth fourth following each of the next four three successive years; provided that such Participant remains an Employee, Director, or Director Emeritus or Subsidiary director during such period.
Appears in 2 contracts
Samples: Stock Bonus Plan and Trust Agreement (Wells Financial Corp), Stock Bonus Plan and Trust Agreement (Wells Financial Corp)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant Recipient at the rate of one-fifth of such Award following one year after the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant Recipient remains an Employee, Director, or Director Emeritus Employee during such period.
Appears in 2 contracts
Samples: Management Stock Bonus Plan and Trust Agreement (Beckley Bancorp Inc), Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-non- forfeitable by a Participant Recipient at the rate of one-fifth of such Award following one year after the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant Recipient remains an Employee, Director, or Director Emeritus Employee during such period.
Appears in 1 contract
Samples: Management Recognition Plan and Trust Agreement (First Colorado Bancorp Inc)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth fourth of such Award following one year after the granting of such Award, and an additional one-fifth fourth following each of the next four three successive years; provided that such Participant remains an Employee, Director, Director or Director Emeritus during such period.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (Se Financial Corp)
General Rules. Unless the Committee shall specifically state states to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth of such Award following one year after as of the date of the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant remains an Employee, Director, Employee or Director Emeritus during such period.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (PHSB Financial Corp)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable forfeitable
by a Participant Recipient at the rate of one-fifth of such Award following one year after as of the granting date of grant of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant Recipient remains an Employee, Director, or Director Emeritus Employee during such period.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth fourth of such Award following one year after as of the date of granting of such Award, and an additional one-fifth fourth following each of the next four three successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.
Appears in 1 contract
Samples: Restricted Stock Plan and Trust Agreement (Reserve Bancorp Inc)
