Common use of Method of Offering Shares Clause in Contracts

Method of Offering Shares. Subject to the discretion of the Stock Holding Company and the Bank and the limitations set forth in Section 11, the opportunity to purchase Common Stock will be given, at no cost, in accordance with Sections 6, 7, 8, 9 and 10 of the Plan and pursuant to priorities established by the Board of Directors in accordance with the Plan. The Minority Stock Offering shall be conducted on a minimum-maximum basis, setting forth the minimum and maximum amount of stock that must be offered and sold before closing. The Stock Holding Company and the Bank may elect to pay fees on either a fixed fee or commission basis or combination thereof to an investment bank firm which assists it in the sale of the Common Stock in the Minority Stock Offering. The Stock Holding Company and the Bank may also elect to offer to pay fees on a per share basis to brokers who assist Persons in determining to purchase shares in the Syndicated Public Offering and whose broker's name appears on the purchaser's Order Form.

Method of Offering Shares. Subject to the discretion of the Stock Holding Company and the Bank and the limitations set forth in Section 1112, the opportunity to purchase Common Stock will be given, at no cost, in accordance with Sections 6, 7, 8, 9 9, 10 and 10 of the Plan 11 hereof and pursuant to priorities established by the Board of Directors in accordance with the this Plan. The Minority Stock Offering shall be conducted on a minimum-maximum basis, setting forth the minimum and maximum amount of stock that must be offered and sold before closing. The Stock Holding Company and the Bank may elect to pay fees on either a fixed fee or commission basis or combination thereof to an investment bank firm which assists it in the sale of the Common Stock in the Minority Stock Offering. The Stock Holding Company and the Bank may also elect to offer to pay fees on a per share basis to brokers who assist Persons purchasers in determining to purchase shares in the Syndicated Public Community Offering and whose broker's name appears on the purchaser's Order Form.