Common use of Rights of Recipients Clause in Contracts

Rights of Recipients. Notwithstanding anything to the contrary herein, a Participant who receives a Performance Share Award payable in Common Stock shall have no rights as a stockholder until the Common Stock is issued pursuant to the terms of the Award Agreement.

Appears in 4 contracts

Samples: Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.), 1999 Recognition and Retention Plan and Trust Agreement (Willow Financial Bancorp, Inc.), 1999 Recognition and Retention Plan and Trust Agreement (Ibl Bancorp)

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Rights of Recipients. Notwithstanding anything to the contrary herein, a A Participant who receives a Performance Share Award payable in Common Stock shall have no rights as a stockholder shareholder until the Common Stock is issued pursuant to the terms of the Performance Award Agreement.

Appears in 3 contracts

Samples: 2005 Recognition and Retention Plan and Trust Agreement (Home Federal Bancorp, Inc. Of Louisiana), Recognition and Retention Plan and Trust Agreement (Abington Bancorp, Inc./Pa), Recognition and Retention Plan and Trust Agreement (Abington Community Bancorp, Inc.)

Rights of Recipients. Notwithstanding anything to the contrary herein, a Participant who receives a Performance Share Award payable in Common Stock shall have no rights as a stockholder shareholder until the Common Stock is issued pursuant to the terms of the Award Agreement.

Appears in 3 contracts

Samples: 2003 Recognition and Retention Plan and Trust Agreement (Minden Bancorp, Inc.), Recognition and Retention Plan and Trust Agreement (Tierone Corp), Recognition and Retention Plan and Trust Agreement (Tierone Corp)

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Rights of Recipients. Notwithstanding anything to the contrary herein, a Participant who receives a Performance Share Award payable in Common Stock shall have no rights as a stockholder shareholder until the Common Stock is issued pursuant to the terms of the Performance Award Agreement.

Appears in 1 contract

Samples: Recognition and Retention Plan and Trust Agreement (KNBT Bancorp Inc)

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