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 shall be equal to 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.
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Samples: Recognition and Retention Plan for Officers and Trust Agreement (Esb Financial Corp), Recognition and Retention Plan for Officers and Trust Agreement (Esb Financial Corp)
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 Plan, subject to adjustment as provided in Section 9.01 hereof, shall be equal to three percent (3.0%) 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: Recognition and Retention Plan for Directors and Trust Agreement (Esb Financial Corp), Recognition and Retention Plan for Directors and Trust Agreement (Esb Financial Corp)
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 Plan, subject to adjustment as provided in Section 9.01 hereof, shall be equal to three percent (3.0%) 1 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: Management Recognition Plan and Trust Agreement (Jacksonville Bancorp Inc)
