Maximum Plan Share Reserve; Investment of Trust Assets. The Trust shall purchase Common Stock in an amount not greater than 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 distribute more than 50,000 shares of Common Stock in the aggregate pursuant to Awards under the Plan. The Trustee may accept the transfer of Common Stock held by the Bank in other trust accounts, 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 Parent sufficient to fund the Plan Share Reserve.
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Samples: Stock Bonus Plan and Trust Agreement (Wells Financial Corp), Stock Bonus Plan and Trust Agreement (Wells Financial Corp)
Maximum Plan Share Reserve; Investment of Trust Assets. The Trust shall purchase Common Stock in an amount not greater than 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 distribute more than 50,000 10,826 shares of Common Stock in the aggregate pursuant to Awards under the Plan. The Trustee may accept the transfer of Common Stock held by the Bank in other trust accounts, 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 Parent sufficient to fund the Plan Share Reserve.
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Samples: Stock Bonus Plan and Trust Agreement (Farnsworth Bancorp Inc), Stock Bonus Plan and Trust Agreement (Farnsworth Bancorp Inc)
Maximum Plan Share Reserve; Investment of Trust Assets. The Trust shall purchase Common Stock in an amount not greater than 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 distribute more than 50,000 66,000 shares of Common Stock in the aggregate pursuant to Awards under the Plan. The Trustee may accept the transfer of Common Stock held by the Bank in other trust accounts, 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 Parent sufficient to fund the Plan Share Reserve.
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Samples: Restricted Stock Plan and Trust Agreement (PHSB Financial Corp)