Common use of Voting of Plan Shares Clause in Contracts

Voting of Plan Shares. After a Plan Share Award has been made, the 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 him pursuant to Section 7.03, subject to rules and procedures adopted by the Committee for this purpose. Provided that the Recipient informs the Trustees how the 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 Recipient actually votes Plan Shares which have been earned and distributed pursuant to Section 7.03. If the 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 Recipient actually tenders Plan Shares which have been earned and distributed.

Appears in 2 contracts

Samples: Esb Financial Corp, Esb Financial Corp

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Voting of Plan Shares. After a Plan Share Award has been made, the Recipient 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 him them pursuant to Section 7.03, subject to rules and procedures adopted by the Committee for this purpose. Provided that the Recipient informs Recipients inform the Trustees how the Recipient 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 Recipient Recipients actually votes vote Plan Shares which have been earned and distributed pursuant to Section 7.03. If the Recipient does 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 Recipient Recipients actually tenders tender Plan Shares which have been earned and distributed.

Appears in 2 contracts

Samples: Esb Financial Corp, Esb Financial Corp

Voting of Plan Shares. After a Plan Share Award has been made, the 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 him pursuant to Section 7.03, subject to rules and procedures adopted by the Committee for this purpose. .Provided that the Recipient informs the Trustees Trustee how the 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 Recipient actually votes Plan Shares which have been earned and distributed pursuant to Section 7.03. If the 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 Recipient actually tenders Plan Shares which have been earned and distributed.

Appears in 1 contract

Samples: Plan and Trust Agreement (First Keystone Financial Inc)

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Voting of Plan Shares. After a Plan Share Award has been made, the --------------------- 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 him pursuant to Section 7.03, subject to rules and procedures adopted by the Committee for this purpose. Provided that the Recipient informs the Trustees Trustee how the 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 Recipient actually votes Plan Shares which have been earned and distributed pursuant to Section 7.03. If the 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 Recipient actually tenders Plan Shares which have been earned and distributed.

Appears in 1 contract

Samples: WVS Financial Corp

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