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: Retention Plan and Trust Agreement (Emmis Communications Corp), 2003 Recognition and Retention Plan and Trust Agreement (Minden Bancorp, Inc.), Recognition and Retention Plan and Trust Agreement (Tierone Corp)
Role of the Board. The members of the Committee and the Trustee Trustee(s) shall be appointed or approved by, by and will serve at the pleasure of, of the Board. The Board may in its discretion from time to time remove members from, from or add members to, to the Committee, 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 Trustee(s).
Appears in 3 contracts
Samples: Recognition and Retention Plan and Trust Agreement (Columbia Financial of Kentucky Inc), Recognition and Retention Plan (Market Financial Corp), Recognition and Retention Plan and Trust Agreement (Columbia Financial of Kentucky Inc)
Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by, by and will shall serve at the pleasure of, of the Board. The Board may in its discretion from time to time remove members from, from or add members to, to the Committee, 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 one or more Trustees.
Appears in 3 contracts
Samples: Recognition and Retention Plan and Trust Agreement (United Community Financial Corp), Recognition and Retention Plan and Trust Agreement (Home Loan Financial Corp), Recognition and Retention Plan (Home Loan 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
Samples: 1999 Recognition and Retention Plan and Trust Agreement (Community Savings Bankshares Inc /De/)
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 Company and shall be "disinterested persons" within the meaning of Rule 16b-3 promulgated under the Exchange Act.
Appears in 1 contract
Samples: Management Recognition Plan and Trust Agreement (Jacksonville Bancorp Inc)
