Timing of Distributions. General Rule. Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.
Appears in 9 contracts
Samples: Recognition and Retention Plan and Trust Agreement (Union Community Bancorp), Recognition and Retention Plan and Trust Agreement (Union Community Bancorp), Recognition and Retention Plan and Trust Agreement (City Savings Financial Corp)
Timing of Distributions. General RuleGENERAL RULE. Except as otherwise provided in this Agreement, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned, together with any cash dividends, returned capital and earnings thereon with respect to Plan Shares that have been earned.
Appears in 5 contracts
Samples: Recognition and Retention Plan (Market Financial Corp), Recognition and Retention Plan (Market Financial Corp), Recognition and Retention Plan and Trust Agreement (United Community Financial Corp)
Timing of Distributions. General Rule. Except as provided in Subsection (b) below, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.
Appears in 4 contracts
Samples: Recognition and Retention Plan and Trust (River Valley Bancorp), Recognition and Retention Plan and Trust (River Valley Bancorp), Recognition and Retention Plan and Trust Agreement (Camden National Corp)
Timing of Distributions. General Rule. Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned, provided, however, that no Plan Shares shall be distributed to the Recipient or Beneficiary pursuant to a Plan Share Award within six months from the date on which that Plan Share Award was granted to such person.
Appears in 3 contracts
Samples: Management Recognition Plan and Trust Agreement (Jacksonville Bancorp Inc), Management Recognition Plan and Trust Agreement (Finger Lakes Bancorp Inc), Management Recognition Plan and Trust Agreement (First Defiance Financial Corp)
Timing of Distributions. General RuleGENERAL RULE. Except as otherwise provided in this Agreement, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable after they have been earned, together with any cash distributions, returned capital and earnings thereon with respect to such Plan Shares that have been earned.
Appears in 3 contracts
Samples: Recognition and Retention Plan (Ohio State Financial Services Inc), Recognition and Retention Plan and Trust Agreement (Ohio State Financial Services Inc), Recognition and Retention Plan and Trust Agreement (Ohio State Financial Services Inc)
Timing of Distributions. General Rule. Except as provided in ------------------------------------- Subsection (b) below, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.
Appears in 2 contracts
Samples: Recognition and Retention Plan (Harbor Florida Bancorp Inc), Outside Directors' Recognition and Retention Plan (Harbor Florida Bancorp Inc)
Timing of Distributions. General RuleGENERAL RULE. Except as otherwise provided in this Agreement, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable after they have been earnedbecome earned and non-forfeitable, together with any cash distributions, returned capital and earnings with respect to such Plan Shares.
Appears in 2 contracts
Samples: Recognition and Retention Plan and Trust Agreement (Home Loan Financial Corp), Recognition and Retention Plan and Trust Agreement (United Community Financial Corp)
Timing of Distributions. General Rule. Subject to the provisions of Section 7.05 hereof, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable after they have been earned.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Abington Community Bancorp, Inc.)
Timing of Distributions. General Rule. Subject to the provisions of Section 7.03(b) hereof, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.
Appears in 1 contract
Samples: 1999 Recognition and Retention Plan and Trust Agreement (Ibl Bancorp)
Timing of Distributions. General Rule. Subject to the provisions of Section 7.05 hereof, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable (and in any event no later than 30 days) after they have been earned.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (KNBT Bancorp Inc)
Timing of Distributions. General RuleGENERAL RULE. Except as provided in Subsection (b) below, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (Three Rivers Financial Corp)
Timing of Distributions. General Rule. Subject to the provisions of Sections 7.03(b) and 7.05 hereof, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.
Appears in 1 contract
Samples: 1999 Recognition and Retention Plan and Trust Agreement (Community Savings Bankshares Inc /De/)
