Common use of Purpose of the Plan Clause in Contracts

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the Corporation, the Association and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation as reasonable compensation for their contributions to the Corporation, the Association and the Subsidiaries.

Appears in 2 contracts

Samples: Recognition and Retention Plan (Market Financial Corp), Recognition and Retention Plan (Market Financial Corp)

AutoNDA by SimpleDocs

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the Corporation, the Association Bank and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation as reasonable compensation for their contributions to the Corporation, the Association Bank and the Subsidiaries.

Appears in 2 contracts

Samples: Recognition and Retention Plan and Trust Agreement (Columbia Financial of Kentucky Inc), Recognition and Retention Plan and Trust Agreement (Columbia Financial of Kentucky Inc)

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the Corporation, the Association and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation as reasonable compensation for their contributions to the Corporation, the Association and the Subsidiariesany Subsidiary.

Appears in 2 contracts

Samples: Recognition and Retention Plan and Trust Agreement (Ohio State Financial Services Inc), Recognition and Retention Plan and Trust Agreement (Ohio State Financial Services Inc)

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the CorporationHolding Company, the Association and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation Holding Company as reasonable compensation for their contributions to the CorporationHolding Company, the Association and the Subsidiaries.

Appears in 1 contract

Samples: Management Recognition Plan and Trust Agreement (Southern Community Bancshares Inc)

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the Corporation, the Association Company and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation as reasonable compensation for their contributions to the Corporation, the Association and the Subsidiaries.Employees

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (United Community Financial Corp)

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the Corporation, the Association Bank and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation as reasonable compensation for their contributions to the Corporation, the Association Bank and the Subsidiariesany Subsidiary.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (Home Loan Financial Corp)

AutoNDA by SimpleDocs

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the Corporation, the Association and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation as reasonable compensation for their contributions to the Corporation, the Association and the Subsidiariesany Subsidiary.

Appears in 1 contract

Samples: Recognition and Retention Plan (Ohio State Financial Services Inc)

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the Corporation, the Association Bank and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation as reasonable compensation for their contributions to the Corporation, the Association Bank and the Subsidiaries.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (FFD Financial Corp/Oh)

Purpose of the Plan. 3.01 The purpose of the Plan is to reward and retain the Directors and Employees of the Corporation, the Association Bank and the Subsidiaries who are in key positions of responsibility by providing such Directors and Employees with an equity interest in the Corporation as reasonable compensation for their contributions to the Corporation, the Association and the Subsidiaries.with

Appears in 1 contract

Samples: Recognition and Retention Plan (Home Loan Financial Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!