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 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, replace or add Trustees.
Appears in 11 contracts
Samples: Recognition and Retention Plan and Trust Agreement (Union Community Bancorp), Recognition and Retention Plan and Trust Agreement (Citizens Bancorp), Recognition and Retention Plan and Trust Agreement (Union Community Bancorp)
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 of Directors of the Holding CompanyBoard. 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 removeremove or replace the Trustee, replace provided that any directors who are selected as members of the Committee shall not be officers or add Trusteesemployees of the Corporation and shall be "disinterested persons" within the meaning of Rule 16b-3 promulgated under the Exchange Act.
Appears in 3 contracts
Samples: Recognition and Retention Plan and Trust Agreement (Icarus International Inc), Recognition and Retention Plan and Trust Agreement (Icarus International Inc), Management Recognition Plan and Trust Agreement (First Defiance 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 of Directors of the Holding CompanyBoard. 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, replace or add Trustees, provided that any directors who are selected as members of the Committee shall not be officers 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: Recognition and Retention Plan for Officers and Trust Agreement (Esb Financial Corp), Recognition and Retention Plan for Officers and Trust Agreement (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 Board of Directors of the Holding CompanyCommittee. The Board of Directors of the Holding Company Committee may in its discretion from time to time remove members from, or add members to, replace the Committee, and may remove, replace or add Trustees.
Appears in 2 contracts
Samples: Recognition and Retention Plan for Directors and Trust Agreement (Esb Financial Corp), Recognition and Retention Plan for Directors and Trust Agreement (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 of Directors of the Holding CompanyBoard. 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 removeremove or replace the Trustee, replace provided that any directors who are selected as members of the Committee shall not be officers or add Trusteesemployees 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: Recognition and Retention 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 of Directors of the Holding CompanyBoard. 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 removeremove or replace the Trustee, replace provided that any directors who are selected as members of the Committee shall not be officers or add Trustees.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: Management Recognition Plan and Trust Agreement (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 of Directors of the Holding CompanyBoard. 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, replace or add Trustees. The Board shall have all of the powers allocated to it in this and other Sections of the Plan.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Camden National 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 of Directors of the Holding CompanyBoard. 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, . The Board shall have all of the powers allocated to it in this and may remove, replace or add Trusteesother Sections of the Plan.
Appears in 1 contract
Samples: Recognition and Retention Plan (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 of Directors of the Holding CompanyBoard. 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 removeremove or replace the Trustee, replace provided that any directors who are selected as members of the Committee shall not be officers or add Trusteesemployees 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: Recognition and Retention Plan and Trust Agreement (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 of Directors of the Holding CompanyBoard. 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 removeremove or replace the Trustee, replace or add Trustees.provided that any directors who are selected as members of the Committee shall be Non-Employee Directors 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 (Ibl Bancorp)
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 by the pleasure of, the Board of Directors of the Holding CompanyBoard. The Board of Directors of the Holding Company 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, replace or add Trustees. The Board may not revoke any Plan Share Award already made without the consent of the Recipient.
Appears in 1 contract
Samples: Management Development and Recognition Plan and Trust Agreement (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 of Directors of the Holding CompanyBoard. 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 removeremove or replace the Trustee; provided, replace or add Trusteeshowever, that any directors who are selected as members of the Committee shall be Non-Employee Directors.
Appears in 1 contract
Samples: 2010 Recognition and Retention Plan and Trust Agreement (Fairmount Bancorp, Inc.)