Common use of RESTRICTIONS ON RESALE OR SUBSEQUENT DISPOSITION Clause in Contracts

RESTRICTIONS ON RESALE OR SUBSEQUENT DISPOSITION. A. All shares of Common Stock purchased by Directors or Officers of the Bank, the Stock Holding Company and the Mutual Holding Company in the Minority Stock Offering shall be subject to the restriction that, except as provided in Section 15B below, or as may be approved by the OTS, no interest in such shares may be sold or otherwise disposed of for value for a period of one (1) year following the date of purchase.

RESTRICTIONS ON RESALE OR SUBSEQUENT DISPOSITION. A. All shares of Common Stock purchased by Directors Trustees or Officers of the Bank, the Stock Holding Company and the Mutual Holding Company Bank in the Minority Stock Offering shall be subject to the restriction that, except as provided in Section 15B 18B, below, or as may be approved by the OTSDepartment, no interest in such shares may be sold or otherwise disposed of for value for a period of one (1) year following the date of purchase.

RESTRICTIONS ON RESALE OR SUBSEQUENT DISPOSITION. A. All shares of Common Stock purchased by Directors or Officers of the Bank, the Stock Holding Company and the Mutual Holding Company or their Associates in the Minority Stock Offering shall be subject to the restriction that, except as provided in Section 15B 16B below, or as may be approved by the OTS, no interest in such shares may be sold or otherwise disposed of for value for a period of one (1) year following the date of purchase.

RESTRICTIONS ON RESALE OR SUBSEQUENT DISPOSITION. A. All shares of Common Stock purchased by Directors or Officers of the Bank, the Stock Holding Company and the Mutual Holding Company or their Associates in the Minority Stock Offering shall be subject to the restriction that, except as provided in Section 15B below, or as may be approved by the OTS, no interest in such shares may be sold or otherwise disposed of for value for a period of one (1) year following the date of purchase.