Common use of SUBSCRIPTION RIGHTS OF EMPLOYEE PLANS Clause in Contracts

SUBSCRIPTION RIGHTS OF EMPLOYEE PLANS. (SECOND PRIORITY) Subject to the availability of sufficient shares after filling subscription orders of Eligible Account Holders under Section 6, the Employee Plans shall receive without payment nontransferable subscription rights to purchase in the Subscription Offering the number of shares of Common Stock requested by such Plans, subject to the purchase limitations set forth in Section 11. The Employee Plans may, in whole or in part, fill their orders through open market purchases subsequent to the closing of the offering. The Employee Plans shall not be deemed to be Associates of or persons Acting in Concert with any Director or Officer of the Mutual Holding Company, the Stock Holding Company or the Bank.

SUBSCRIPTION RIGHTS OF EMPLOYEE PLANS. (SECOND PRIORITY) Subject to the availability of sufficient shares after filling subscription orders of Eligible Account Holders under Section 6, the Employee Plans shall receive without payment nontransferable subscription rights to purchase in the Subscription Offering the number of shares of Common Stock requested by such Plans, subject to the purchase limitations set forth in Section 11. The Employee Plans may, in whole or in part, fill their orders through open market purchases subsequent to the closing of the offeringStock Offering. The Employee Plans shall not be deemed to be Associates of or persons Acting in Concert with any Director or Officer of the Mutual Holding Company, the Stock Holding Company or the BankOfficer.

SUBSCRIPTION RIGHTS OF EMPLOYEE PLANS. (SECOND PRIORITY) Subject to the availability of sufficient shares after filling subscription orders of Eligible Account Holders under Section 6, the Employee Plans shall receive without payment nontransferable subscription rights to purchase in the Subscription Offering the number of shares of Common Stock requested by such Plans, subject to the purchase limitations set forth in Section 1112. The Employee Plans may, in whole or in part, fill their orders through open market purchases subsequent to the closing of the offeringStock Offering. The Employee Plans shall not be deemed to be Associates of or persons Acting in Concert with any Director or Officer of the Mutual Holding Company, the Stock Holding Company or the BankOfficer.

SUBSCRIPTION RIGHTS OF EMPLOYEE PLANS. (SECOND PRIORITY) Subject to the availability of sufficient shares after filling subscription orders of Eligible Account Holders under Section 6, the Employee Plans shall receive without payment nontransferable subscription rights to purchase in the Subscription Offering the number of shares of Common Stock requested by such Plans, subject to the purchase limitations set forth in Section 11. The Employee Plans may, in whole or in part, fill their orders through open market purchases subsequent to the closing of the offering. The Employee Plans shall not be deemed to be Associates associates or affiliates of or persons Persons Acting in Concert with any Director or Officer of the Mutual Holding Company, the Stock Holding Company or the Bank.