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 Trustees shall invest all of the Trust’s assets primarily in Common Stock. The aggregate number of Plan Shares initially available for distribution pursuant to this Plan, subject to adjustment as provided in Section 9.01 hereof, shall be equal to 1.0% of the shares of Common Stock which are issued by the Corporation in the Offering (rounded down to the nearest whole number), which shares shall be purchased by the Trust in such Offering with funds contributed by the Corporation. Subsequent to consummation of the Offering, the Trust may purchase (from the Corporation and/or stockholders thereof) additional shares of Common Stock for distribution pursuant to this Plan.

Appears in 2 contracts

Samples: Esb Financial Corp, Esb Financial Corp

AutoNDA by SimpleDocs

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustees shall invest all of the Trust’s assets primarily in Common Stock. The aggregate number of Plan Shares initially available for distribution pursuant to this Plan, subject to adjustment as provided in Section 9.01 hereof, Plan shall be equal to 1.0% three percent (3.0%) of the shares of Common Stock which are issued by the Corporation in the Offering (rounded down to the nearest whole number), which shares shall be purchased by the Trust in such Offering with funds contributed by the Corporation. Subsequent to consummation of the Offering, the Trust may purchase (from the Corporation and/or stockholders thereof) additional shares of Common Stock for distribution pursuant to this Plan.

Appears in 2 contracts

Samples: Esb Financial Corp, Esb Financial Corp

AutoNDA by SimpleDocs

Investment of Trust Assets; Number of Plan Shares. Subject to Section 8.02 hereof, the Trustees shall invest all of the Trust’s 's assets primarily in Common Stock. The aggregate number of Plan Shares initially available for distribution pursuant to this Plan, subject to adjustment as provided in Section 9.01 hereof, shall be equal to 1.01 1/2% of the shares of Common Stock which are issued by the Corporation Company in the Offering (rounded down to the nearest whole number)Offering, which shares shall be purchased by the Trust in such Offering with funds contributed by the CorporationCompany. Subsequent to consummation of the Offering, the Trust may purchase (from the Corporation and/or stockholders thereof) Company additional shares of Common Stock for distribution pursuant to this Plan.

Appears in 1 contract

Samples: Jacksonville Bancorp Inc

Time is Money Join Law Insider Premium to draft better contracts faster.