Voting of Plan Shares. After a Plan Share Award has been made, the Recipients shall be entitled to direct the Trustees as to the voting of the Plan Shares which are covered by the Plan Share Award and which have not yet been earned and distributed to them pursuant to Section 7.03, subject to rules and procedures adopted by the Committee for this purpose. Provided that the Recipients inform the Trustees how the Recipients voted Plan Shares which have been earned and distributed for and against proposals to stockholders, the Trustees shall vote all Plan Shares which have not yet been earned and distributed pursuant to Section 7.03 in the same proportion for and against proposals to stockholders as the Recipients actually vote Plan Shares which have been earned and distributed pursuant to Section 7.03. If the Recipients do not provide the Trustees with such information, Plan Shares which have not yet been earned and distributed pursuant to Section 7.03 shall not be voted by the Trustees. In the event a tender offer is made for Plan Shares, the Trustees shall tender Plan Shares held by it which have not yet been earned and distributed in the same proportion in which the Recipients actually tender Plan Shares which have been earned and distributed.
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)
Voting of Plan Shares. After a Plan Share Award has been made, the Recipients Recipient shall be entitled to direct the Trustees as to the voting of the Plan Shares which are covered by the Plan Share Award and which have not yet been earned and distributed to them him pursuant to Section 7.03, subject to rules and procedures adopted by the Committee for this purpose. Provided that the Recipients inform Recipient informs the Trustees how the Recipients Recipient voted Plan Shares which have been earned and distributed for and against proposals to stockholders, the Trustees shall vote all Plan Shares which have not yet been earned and distributed pursuant to Section 7.03 in the same proportion for and against proposals to stockholders as the Recipients Recipient actually vote votes Plan Shares which have been earned and distributed pursuant to Section 7.03. If the Recipients do Recipient does not provide the Trustees with such information, Plan Shares which have not yet been earned and distributed pursuant to Section 7.03 shall not be voted by the Trustees. In the event a tender offer is made for Plan Shares, the Trustees shall tender Plan Shares held by it which have not yet been earned and distributed in the same proportion in which the Recipients Recipient actually tender tenders Plan Shares which have been earned and distributed.
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)
Voting of Plan Shares. After a Plan Share Award has been made, the Recipients --------------------- Recipient shall be entitled to direct the Trustees Trustee as to the voting of the Plan Shares which are covered by the Plan Share Award and which have not yet been earned and distributed to them him pursuant to Section 7.03, subject to rules and procedures adopted by the Committee for this purpose. Provided that the Recipients inform Recipient informs the Trustees Trustee how the Recipients Recipient voted Plan Shares which have been earned and distributed for and against proposals to stockholders, the Trustees Trustee shall vote all Plan Shares which have not yet been earned and distributed pursuant to Section 7.03 in the same proportion for and against proposals to stockholders as the Recipients Recipient actually vote votes Plan Shares which have been earned and distributed pursuant to Section 7.03. If the Recipients do Recipient does not provide the Trustees Trustee with such information, Plan Shares which have not yet been earned and distributed pursuant to Section 7.03 shall not be voted by the TrusteesTrustee. In the event a tender offer is made for Plan Shares, the Trustees Trustee shall tender Plan Shares held by it which have not yet been earned and distributed in the same proportion in which the Recipients Recipient actually tender tenders Plan Shares which have been earned and distributed.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (WVS Financial Corp)
Voting of Plan Shares. After a Plan Share Award has been made, the Recipients Recipient shall be entitled to direct the Trustees Trustee as to the voting of the Plan Shares which are covered by the Plan Share Award and which have not yet been earned and distributed to them him pursuant to Section 7.03, subject to rules and procedures adopted by the Committee for this purpose. .Provided that the Recipients inform Recipient informs the Trustees Trustee how the Recipients Recipient voted Plan Shares which have been earned and distributed for and against proposals to stockholders, the Trustees Trustee shall vote all Plan Shares which have not yet been earned and distributed pursuant to Section 7.03 in the same proportion for and against proposals to stockholders as the Recipients Recipient actually vote votes Plan Shares which have been earned and distributed pursuant to Section 7.03. If the Recipients do Recipient does not provide the Trustees Trustee with such information, Plan Shares which have not yet been earned and distributed pursuant to Section 7.03 shall not be voted by the TrusteesTrustee. In the event a tender offer is made for Plan Shares, the Trustees Trustee shall tender Plan Shares held by it which have not yet been earned and distributed in the same proportion in which the Recipients Recipient actually tender tenders Plan Shares which have been earned and distributed.
Appears in 1 contract
Samples: Recognition and Retention Plan and Trust Agreement (First Keystone Financial Inc)