INITIAL INVESTMENT. Any funds held by the Trust prior to investment in the Common Stock shall be invested by the Trustee in such interest-bearing account or accounts at the Savings Bank as the Trustee shall determine to be appropriate.
Appears in 21 contracts
Samples: Restricted Stock Plan and Trust Agreement (Guaranty Federal Bancshares Inc), Restricted Stock Plan (Floridafirst Bancorp Inc), Restricted Stock Plan and Trust Agreement (Afsala Bancorp Inc)
INITIAL INVESTMENT. Any funds held by the Trust prior to investment in the Common Stock shall be invested by the Trustee in such interest-bearing account or accounts at the Savings Bank as the Trustee shall determine to be appropriate.
Appears in 18 contracts
Samples: Stock Bonus Plan and Trust Agreement (Wells Financial Corp), Restricted Stock Plan and Trust Agreement (Esb Financial Corp), Restricted Stock Plan and Trust Agreement (Reserve Bancorp Inc)
INITIAL INVESTMENT. Any funds amounts held by the Trust prior to investment in the purchase of Common Stock shall be invested by the Plan Trustee in such interest-bearing account or accounts at the Savings Bank as the Plan Trustee shall determine to be appropriate.
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)
INITIAL INVESTMENT. Any funds held by the Trust prior to investment in the Common Stock issuance of stock of the Savings Bank as part of the reorganization transaction of the Savings Bank shall be invested by the Trustee in such interest-bearing account or accounts at the Savings Bank as the Trustee shall determine to be appropriate.
Appears in 1 contract
Samples: Management Recognition Plan and Trust Agreement (First Colorado Bancorp Inc)
INITIAL INVESTMENT. Any funds held by the Trust prior to investment in the issuance of Common Stock as part of the reorganization transaction of the Association shall be invested by the Trustee in such interest-bearing account or accounts at the Savings Bank Association as the Trustee shall determine to be appropriate.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
INITIAL INVESTMENT. Any funds held by the Trust prior to investment in the Common Stock shall be invested by the Trustee in such interest-bearing account or accounts at the Savings Bank Association as the Trustee shall determine to be appropriate.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (NCF Financial Corp /De/)
INITIAL INVESTMENT. Any funds held by the Trust prior to investment in the acquisition of Common Stock either through open-market purchases or from authorized, but unissued shares from the Savings Bank, shall be invested by the Trustee in such interest-bearing account or accounts at the Savings Bank as the Trustee shall determine to be appropriate.
Appears in 1 contract
Samples: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co)
