Common use of Allocations Not Required Clause in Contracts

Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee or Outside Director shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the BoardCommittee, nor shall the Employees or Outside Directors as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board, shall) return all Common Stock in the Plan Share Reserve not yet allocated to the Savings Bank Holding Company at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee Eligible Participant shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Eligible Participant as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank Company at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee Eligible Participant shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Eligible Participants as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.01 and 6.02 or Section 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank Association at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at Sections 6.01, 6.02 or 6.05, no Employee Employee, Director and Directors Emeritus shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole discretion of the Committee and the Board, nor shall the Employees Employees, Directors and Directors Emeritus as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee or Outside Director shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the BoardCommittee, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board, shall) return all Common Stock in the Plan Share Reserve not yet allocated to the Savings Bank Holding Company at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank Association at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the ------------------------ contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the salaried Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board, shall) return all Common Stock in the Plan Share Reserve to the Savings Bank Company at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the salaried Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board, may) return all Common Stock in the Plan Share Reserve to the Savings Bank Company at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee Recipient shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees salaried Recipients as a group have such a right. The Committee mayCommittee, with the approval of the Board (or, or if so directed by the Board) ), may return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.02, and 6.05, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the Employees as a group have such a right. The Committee may, with the approval of the Board (or, if so directed by the Board) return all Common Stock in the Plan Share Reserve to the Savings Bank at any time, and cease issuing Plan Share Awards.

Allocations Not Required. Notwithstanding anything to the contrary at in Sections 6.01, 6.02 or 6.056.01 and 6.02, no Employee shall have any right or entitlement to receive a Plan Share Award hereunder, such Awards being at the sole total discretion of the Committee and the Board, nor shall the salaried Employees as a group have such a right. The Committee mayCommittee, with the approval of the Board (or, or if so directed by the Board) ), may return all Common Stock in the Plan Share Reserve to the Savings Bank Association at any time, and cease issuing Plan Share Awards.