Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members of the Committee shall be Non-Employee Directors.
Appears in 18 contracts
Samples: Plan and Trust Agreement (Emmis Communications Corp), And Retention Plan and Trust Agreement (Gs Financial Corp), Minden Bancorp, Inc.
Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, and will serve at the pleasure of, the BoardBoard of Directors of the Holding Company. The Board of Directors of the Holding Company may in its discretion from time to time remove members from, or add members to, the Committee, and may remove remove, replace or replace the Trustee, provided that any directors who are selected as members of the Committee shall be Non-Employee Directorsadd Trustees.
Appears in 11 contracts
Samples: Union Community Bancorp, Citizens Bancorp, City Savings Financial Corp
Role of the Board. The members of the Committee and the Trustee or Trustees shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove remove, replace or replace the Trusteeadd Trustees, provided that any directors who are selected as members of the Committee shall not be Non-Employee Directorsofficers or employees of the Corporation and shall be “disinterested persons” within the meaning of Rule 16b-3 promulgated under the Exchange Act.
Appears in 2 contracts
Samples: Esb Financial Corp, Esb Financial Corp
Role of the Board. The members of the Committee and the Trustee or Trustees shall be appointed or approved by, and will serve at the pleasure of, the BoardCommittee. The Board Committee may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members of the Committee shall be Non-Employee DirectorsTrustees.
Appears in 2 contracts
Samples: Esb Financial Corp, Esb Financial Corp
Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members of the Committee shall be Non-Employee DirectorsDirectors as defined in Rule 16b-3(b)(3)(i) of the Exchange Act.
Appears in 1 contract
Role of the Board. The members of the Committee and the Trustee ----------------- shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members of the Committee shall not be officers or employees of the Corporation and shall be "Non-Employee Directors" within the meaning of Rule 16b-3 promulgated under the Exchange Act.
Appears in 1 contract
Samples: WVS Financial Corp
Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members of the Committee shall not be officers or employees of the Corporation and shall be "Non-Employee Directors" within the meaning of Rule 16b-3 promulgated under the Exchange Act.
Appears in 1 contract
Samples: Plan and Trust Agreement (First Keystone Financial Inc)
Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee; provided, provided however, that any directors who are selected as members of the Committee shall be Non-Employee Directors.
Appears in 1 contract
Samples: Fairmount Bancorp, Inc.
Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members of the Committee shall not be Non-Employee Directors.officers or employees of the Savings Bank and shall be "disinterested persons" within the meaning of Rule 16b-3 promulgated under the Exchange Act
Appears in 1 contract
Samples: Finger Lakes Bancorp Inc
Role of the Board. The members of the Committee and the Trustee or Trustees shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove remove, replace or replace the Trustee, provided that any directors who are selected as members add Trustees. The Board shall have all of the Committee shall be Non-Employee Directorspowers allocated to it in this and other Sections of the Plan.
Appears in 1 contract
Samples: And Retention Plan and Trust Agreement (Camden National Corp)
Role of the Board. The members of the Committee and the Trustee or the Trustees shall be appointed or approved by, and will serve at the pleasure of, by the Board. The Board may may, in its discretion discretion, from time to time time, remove members from, from or add members to, to the Committee, Committee and may remove remove, replace or replace add Trustees. The Board may not revoke any Plan Share Award already made without the Trustee, provided that any directors who are selected as members consent of the Committee shall be Non-Employee DirectorsRecipient.
Appears in 1 contract
Samples: CSB Financial Group Inc
Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members . The Board shall have all of the Committee shall be Non-Employee Directorspowers allocated to it in this and other Sections of the Plan.
Appears in 1 contract
Samples: Reliance Bancshares Inc
Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, and will serve at the pleasure of, the Board. The Board may in its discretion from time to time remove members from, or add members to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members of the Committee shall be Non-Employee Directors.Directors as defined in Rule 16b-3(b)(3)(i) of the Exchange Act..
Appears in 1 contract
Samples: Ibl Bancorp