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 Commonwealth Bank ("Bank") with a proprietary interest in the Corporation as compensation for their contributions to the Corporation, the Bank, and any other Subsidiaries and as an incentive to make such contributions in the future.
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Samples: 1996 Amended Recognition and Retention Plan and Trust Agreement (Commonwealth Bancorp 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 Commonwealth of Fidelity Federal Savings Bank (the "Bank") with a proprietary interest in the Corporation as compensation for their contributions to the Corporation, the Bank, and any other Subsidiaries and as an incentive to make such contributions in the future.
Appears in 1 contract
Samples: Management Recognition Plan and Trust Agreement (Fidelity Financial of Ohio 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 and Commonwealth Savings Bank ("Bank") with a proprietary interest in the Corporation as compensation for their contributions to the Corporation, the Savings Bank, and any other Subsidiaries and as an incentive to make such contributions in the future.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (WVS Financial Corp)
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 Commonwealth Bank of First Federal Savings and Loan (the "BankAssociation") with a proprietary interest in the Corporation as compensation for their contributions to the Corporation, the BankAssociation, and any other Subsidiaries and as an incentive to make such contributions in the future.
Appears in 1 contract
Samples: Management Recognition Plan and Trust Agreement (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 by providing Directors and Employees and Non-Employee Directors of the Bank and the Corporation and Commonwealth Bank ("Bank") with a proprietary interest in the Corporation and its Subsidiaries as compensation for their contributions to the Corporation, the Bank, and any other Subsidiaries and as an incentive to make such contributions in the future.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (First Keystone Financial 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 Commonwealth of First Federal Savings Bank of Ironton (the "Savings Bank") with a proprietary interest in the Corporation as compensation for their contributions to the Corporation, the Savings Bank, and any other Subsidiaries and as an incentive to make such contributions in the future.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (First Federal Financial Bancorp Inc)
Purpose of the Plan. 2.01 The purpose of the Plan is to retain personnel employees and officers of experience and ability in key positions by providing Employees and Non-Employee Directors of the Corporation and Commonwealth Bank ("Bank") such persons with a proprietary interest in the Corporation Company as compensation for their contributions to the Corporation, the Bank, Bank and any other Subsidiaries its Affiliates and as an incentive to make such contributions and to promote the Bank's growth and profitability in the future.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Camden National Corp)