Common use of Investment of Trust Assets; Number of Plan Shares Clause in Contracts

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 shares of Common Stock, subject to adjustment as provided in Section 9.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Abington Bancorp, Inc./Pa)

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Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 256,565 shares of Common Stock, subject to adjustment as provided in Section 9.01 10.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders stockholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 69,756 shares of Common Stock, subject to adjustment as provided in Section 9.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: 2005 Recognition and Retention Plan and Trust Agreement (Home Federal Bancorp, Inc. Of Louisiana)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 394,886 shares of Common Stock, subject to adjustment as provided in Section 9.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders stockholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: 1996 Amended Recognition and Retention Plan and Trust Agreement (Commonwealth Bancorp Inc)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 903,003 shares of Common Stock, subject to adjustment as provided in Section 9.01 10.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Tierone Corp)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 350,000 shares of Common Stock, subject to adjustment as provided in Section 9.01 10.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this PlanPlan (subject to adjustment in the event of, and consistent with, any adjustments pursuant to Section 10.01 hereof).

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 26,871 shares of Common Stock, subject to adjustment as provided in Section 9.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, and/or from shareholders thereof) stockholders thereof by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Non- Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share , provided, however, that Awards in the aggregate to all Non-Employee Directors in the aggregate shall not exceed 30% of the number shares of shares initially Common Stock available under this the Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (First Federal Financial Bancorp Inc)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 808,047 shares of Common Stock, subject to adjustment as provided in Section 9.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (KNBT Bancorp Inc)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 8.2 hereof, the Trustee shall invest all of the Trust’s assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 17,761 shares of Common Stock, subject to adjustment as provided in Section 9.01 9.1 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders holders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. , and Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan, in each case subject to adjustment as provided in Section 9.1 hereof.

Appears in 1 contract

Samples: 2010 Recognition and Retention Plan and Trust Agreement (Fairmount Bancorp, Inc.)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 89,635 shares of Common Stock, subject to adjustment as provided in Section 9.01 10.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders stockholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: 1999 Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.)

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Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 218,826 shares of Common Stock, subject to adjustment as provided in Section 9.01 10.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. , and Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 3025% of the number of shares initially available under this Plan, in each case subject to adjustment as provided in Section 10.01 hereof.

Appears in 1 contract

Samples: 1999 Recognition and Retention Plan and Trust Agreement (Community Savings Bankshares Inc /De/)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 259,076 shares of Common Stock, subject to adjustment as provided in Section 9.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, and/or from shareholders thereof) stockholders thereof by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share In addition, Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number shares of shares initially Common Stock available under this the Plan.

Appears in 1 contract

Samples: Management Recognition Plan and Trust Agreement (First Defiance Financial Corp)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 shares of Common Stock, subject to adjustment as provided in Section 9.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Abington Community Bancorp, Inc.)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 903,003 shares of Common Stock, subject to adjustment as provided in Section 9.01 10.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Tierone Corp)

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustee shall invest all of the Trust’s assets primarily in Common Stock. The aggregate number of Plan Shares available for distribution pursuant to this Plan shall be 285,660 26,186 shares of Common Stock, subject to adjustment as provided in Section 9.01 10.01 hereof, which shares shall be purchased (from the Corporation and/or, if permitted by applicable regulations, from shareholders thereof) by the Trust with funds contributed by the Corporation. During the time this Plan remains in effect, Awards to each Employee and each Non-Employee Director shall not exceed 25% and 5% of the shares of Common Stock initially available under the Plan, respectively. Plan Share Awards to Non-Employee Directors in the aggregate shall not exceed 30% of the number of shares initially available under this Plan.

Appears in 1 contract

Samples: 2003 Recognition and Retention Plan and Trust Agreement (Minden Bancorp, Inc.)

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