Common use of Stock Subject to the Plan Clause in Contracts

Stock Subject to the Plan. Subject to adjustment as provided in Section 17 hereof, the maximum number of shares reserved for Awards under the Plan is 1,218,983, which number shall not exceed 14% of the outstanding shares of the Common Stock determined immediately as of the Effective Date. Subject to adjustment as provided in Section 17 hereof, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 870,715, which number shall not exceed 10% of the outstanding shares of Common Stock as of the Effective Date. The maximum number of the shares reserved for Stock Awards is 348,268, which number shall not exceed 4% of the outstanding shares of Common Stock as of the Effective Date. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust or the Holding Company, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash), new Awards may be made with respect to these shares.

Appears in 2 contracts

Samples: Firstfed America Bancorp Inc, Firstfed America Bancorp Inc

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Stock Subject to the Plan. Subject to adjustment as provided in Section 17 hereof15 of the Plan, the maximum number of shares reserved for Awards under the Plan is 1,218,983681,687, which number shall not exceed 147.53% of the outstanding shares of the Common Stock determined immediately as of the Effective Date. Subject to adjustment as provided in Section 17 hereof15 of the Plan, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 870,715486,919, which number shall not exceed 105.38% of the outstanding shares of Common Stock as of the Effective Date. The maximum number of the shares reserved for Stock Awards is 348,268194,768, which number shall not exceed 42.15% of the outstanding shares of Common Stock as of the Effective Date. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust or the Holding CompanyBank, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash), new Awards may be made with respect to these shares.

Appears in 2 contracts

Samples: Bayonne Bancshares Inc, Richmond County Financial Corp

Stock Subject to the Plan. Subject to adjustment as provided in Section 17 15 hereof, the maximum number of shares reserved for Awards under the Plan is 1,218,983133,308, which number shall not exceed 14% of the outstanding shares of the Common Stock determined immediately as of the Effective Date. Subject to adjustment as provided in Section 17 15 hereof, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 870,71595,220, which number shall not exceed 10% of the outstanding shares of Common Stock as of the Effective Date. The maximum number of the shares reserved for Stock Awards is 348,26838,088, which number shall not exceed 4% of the outstanding shares of Common Stock as of the Effective Date. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust or the Holding CompanyBank, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash), new Awards may be made with respect to these shares.

Appears in 1 contract

Samples: Pulaski Bancorp Inc

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Stock Subject to the Plan. Subject to adjustment as provided in Section 17 hereof14 of the Plan, the maximum number of shares reserved for Awards under the Plan is 1,218,98376,367, which number shall not exceed 14% of the outstanding shares of the Common Stock determined immediately as issued by the Company in connection with the Bank's conversion from mutual to stock form of the Effective Dateorganization. Subject to adjustment as provided in Section 17 hereof14 of the Plan, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 870,71554,548, which number shall not exceed 10% of the outstanding publicly traded shares of Common Stock as of the Effective Date. The maximum number of the shares reserved for Stock Awards is 348,26821,819, which number shall not exceed 4% of the outstanding publicly traded shares of Common Stock as of the Effective Date. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust Trustee or the Holding Company, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, expire or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash)exercised, new Awards may be made with respect to these shares.

Appears in 1 contract

Samples: Massachusetts Fincorp Inc

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