Purpose of the Plan. 2.01 The purpose of the Plan is to retain directors and executive officers in key positions by providing such persons with a proprietary interest in the Holding Company (as hereinafter defined) as compensation for their contributions to the Holding Company and to the Bank and its Affiliates (as hereinafter defined) and as an incentive to make such contributions and to promote the Holding Company's and the Bank's growth and profitability in the future.
Appears in 4 contracts
Samples: Recognition and Retention Plan and Trust Agreement (Lincoln Bancorp /In/), Recognition and Retention Plan and Trust Agreement (Citizens Bancorp), Recognition and Retention Plan and Trust Agreement (Third Century Bancorp)
Purpose of the Plan. 2.01 The purpose of the Plan is to retain directors and executive officers in key positions by providing such persons with a proprietary interest in the Holding Company (as hereinafter defined) as compensation for their contributions to the Holding Company and to the Bank Association and its Affiliates (as hereinafter defined) and as an incentive to make such contributions and to promote the Holding Company's and the BankAssociation's growth and profitability in the future.
Appears in 3 contracts
Samples: Recognition and Retention Plan and Trust Agreement (City Savings Financial Corp), Recognition and Retention Plan and Trust Agreement (Union Community Bancorp), Recognition and Retention Plan and Trust Agreement (Union Community Bancorp)
Purpose of the Plan. 2.01 The purpose of the Plan is to retain directors and executive officers in key positions by providing such persons with a proprietary interest in the Holding Company (as hereinafter defined) as compensation for their contributions to the Holding Company and to the Bank and its Affiliates (as hereinafter defined) and as an incentive to make such contributions and to promote the Holding Company's and the Bank's Affiliates' growth and profitability in the future.
Appears in 3 contracts
Samples: Recognition and Retention Plan and Trust (River Valley Bancorp), Recognition and Retention Plan and Trust (River Valley Bancorp), Recognition and Retention Plan and Trust (River Valley Bancorp)
Purpose of the Plan. 2.01 The purpose of the Plan is to retain directors and executive officers in key positions by providing such persons with a proprietary interest in the Holding Company (as hereinafter defined) as compensation for their contributions to the Holding Company and to the Bank Association and its Affiliates (as hereinafter defined) and as an incentive to make such contributions and to promote the Holding Company's ’s and the Bank's Association’s growth and profitability in the future.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Union Community Bancorp)
Purpose of the Plan. 2.01 The purpose of the Plan is to retain directors and executive officers in key positions by providing such persons with a proprietary interest in the Holding Company (as hereinafter defined) as compensation for their contributions to the Holding Company and to the Bank and its their Affiliates (as hereinafter defined) and as an incentive to make such contributions and to promote the Holding Company's and the Bank's growth and profitability in the future.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Three Rivers Financial Corp)
