Common use of Investment of Trust Assets Clause in Contracts

Investment of Trust Assets. Following approval of the Plan by stockholders of the Company and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock of the Company in an amount equal to up to 100% of the Trust's cash assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 8,331 shares of Common Stock. The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Company in an amount sufficient to fund the Plan Share Reserve.

Investment of Trust Assets. Following approval of the Plan by stockholders shareholders of the Company Parent and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock of the Company Parent in an amount equal to up to 100% of the Trust's cash assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 8,331 36,430 shares of Common Stock. The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Company Parent in an amount sufficient to fund the Plan Share Reserve.

Investment of Trust Assets. Following approval of the Plan by stockholders of the Company and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock of the Company in an amount equal to up to 100% of the Trust's cash assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 8,331 211,043 shares of Common Stock. The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Company in an amount sufficient to fund the Plan Share Reserve.

Investment of Trust Assets. Following approval of the Plan by stockholders of the Company and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock of the Company in an amount equal to up to 100% of the Trust's cash assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 8,331 56,685 shares of Common Stock. The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Company in an amount sufficient to fund the Plan Share Reserve.

Investment of Trust Assets. Following approval ratification of the Plan by the stockholders of the Company and the receipt of any other necessary regulatory approvals, as may be applicable, the Trust shall purchase Common Stock of the Company in an amount equal to up to 100% of the Trust's cash assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 8,331 9,613 shares of Common Stock, subject to adjustment. The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Company in an amount sufficient to fund the Plan Share Reserve.

Investment of Trust Assets. Following approval of the Plan by stockholders of the Company and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock of the Company in an amount equal to up to 100% of the Trust's cash assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 8,331 281,436 shares of Common Stock. The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Company in an amount sufficient to fund the Plan Share Reserve.

Investment of Trust Assets. Following approval ratification of the Plan by stockholders of the Company Savings Bank and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock of the Company in an amount equal to up to 100% of the Trust's cash assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 8,331 41,400 shares of Common Stock, representing 4% of the aggregate shares of Common Stock issued by the Savings Bank in the Conversion. The Trustee may will purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Company in an amount sufficient to fund the Plan Share Reserve.