Common use of Purpose of the Plan Clause in Contracts

Purpose of the Plan. 2.01 The purpose of the Plan is to retain personnel of experience and ability in key positions by providing Employees and Non-Employee Directors of the Corporation and any Subsidiary thereof with a proprietary interest in the Corporation as compensation for their contributions to the Corporation and any Subsidiary and as an incentive to make such contributions in the future.

Appears in 2 contracts

Samples: Icarus International Inc, Icarus International Inc

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Purpose of the Plan. 2.01 The purpose of the Plan is to retain personnel of experience and ability in key positions by providing Employees and Non-Employee Directors such key employees of the Corporation and any Subsidiary thereof Corporation, as successor to Txxx Xxxx Bancorp, Inc., with a proprietary interest in the Corporation as compensation for their contributions to the Corporation Corporation, the Bank, and any Subsidiary other Subsidiaries and as an incentive to make such contributions in the future.

Appears in 2 contracts

Samples: Esb Financial Corp, Esb Financial Corp

Purpose of the Plan. 2.01 2.1 The purpose of the Plan is to retain personnel of experience and ability in key positions by providing Employees and Non-Employee Directors of the Corporation and any Subsidiary thereof such key employees with a proprietary interest in the Corporation Company as compensation for their contributions to the Corporation Company and any Subsidiary its Subsidiaries and as an incentive to make such contributions in the future.

Appears in 1 contract

Samples: Cgb&l Financial Group Inc

Purpose of the Plan. 2.01 The purpose of the Plan is to retain personnel of experience and ability in key positions by providing Employees and Non-Employee Directors of the Corporation and any Subsidiary thereof such key employees with a proprietary interest in the Corporation as compensation for Company in consideration for, and in recognition of, their contributions to the Corporation Company, its subsidiaries and any Subsidiary its affiliates and as an incentive to make such contributions in the future.

Appears in 1 contract

Samples: Old Guard Group Inc

Purpose of the Plan. 2.01 2.01. The purpose of the Plan is to continue to attract and retain personnel employees and officers of experience and ability in key positions by providing Employees and Non-Employee Directors of the Corporation and any Subsidiary thereof such persons with a proprietary interest in the Corporation Company as compensation for their contributions to the Corporation Company and any Subsidiary its Affiliates and as an incentive to make such contributions and to promote the Company's growth and profitability in the future.

Appears in 1 contract

Samples: Harbor Florida Bancorp Inc

Purpose of the Plan. 2.01 2.01. The purpose of the Plan is to retain personnel of experience and ability in key positions by providing Employees and Non-Employee Directors of the Corporation and any Subsidiary thereof such key employees with a proprietary interest in the Corporation Company as compensation for their contributions to the Corporation Company and any Subsidiary its Subsidiaries and as an incentive to make such contributions in the future.

Appears in 1 contract

Samples: CSB Financial Group Inc

Purpose of the Plan. 2.01 The purpose of the Plan is to retain personnel of experience and ability in key positions by providing Directors and Employees and Non-Employee Directors of the Bank and the Corporation and any Subsidiary thereof with a proprietary interest in the Corporation and its Subsidiaries as compensation for their contributions to the Corporation Corporation, the Bank, and any Subsidiary other Subsidiaries and as an incentive to make such contributions in the future.

Appears in 1 contract

Samples: Plan and Trust Agreement (First Keystone Financial Inc)

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Purpose of the Plan. 2.01 The purpose of the Plan is to retain personnel of experience and ability in key positions by providing Employees and Non-Employee Directors of the Corporation and any Subsidiary thereof of First Federal Savings and Loan (the "Association") with a proprietary interest in the Corporation as compensation for their contributions to the Corporation Corporation, the Association, and any Subsidiary other Subsidiaries and as an incentive to make such contributions in the future.

Appears in 1 contract

Samples: First Defiance Financial Corp

Purpose of the Plan. 2.01 The purpose of the Plan is to retain personnel of experience and ability in key positions and to provide incentive for them to make significant contributions to the Company and its subsidiaries in the future by providing Employees and Non-Employee Directors of the Corporation and any Subsidiary thereof such key employees with a proprietary interest in the Corporation as compensation for their contributions to the Corporation and any Subsidiary and as an incentive to make such contributions in the futureCompany.

Appears in 1 contract

Samples: Mercer Insurance Group Inc

Purpose of the Plan. 2.01 The purpose of the Plan is to retain personnel of experience and ability in key positions by providing Employees and Non-Employee Directors such key employees of the Corporation Company and any Subsidiary thereof Subsidiaries with a proprietary interest in the Corporation Company as compensation for their contributions to the Corporation Company and any Subsidiary Subsidiaries and as an incentive to make such contributions in the future.

Appears in 1 contract

Samples: Jacksonville Bancorp Inc

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