Common use of Allocations Not Required Clause in Contracts

Allocations Not Required. None of the Directors or Employees, either individually or as a group, shall have any right or entitlement to receive an Award under the Plan. The Committee may, with the approval of the Board, and shall, if so directed by the Board, return all Common Shares and other assets in the Plan Share Reserve to the Corporation at any time and thereafter cease issuing Awards.

Appears in 8 contracts

Samples: Plan and Trust Agreement (Market Financial Corp), Columbia Financial of Kentucky Inc, FFD Financial Corp/Oh

AutoNDA by SimpleDocs

Allocations Not Required. None of the Directors or Employees, either individually or as a group, shall have any right or entitlement to receive an Award under the PlanAward. The Committee may, with the approval of the Board, and shall, if so directed by the Board, return all Common Shares and other assets in the Plan Share Reserve to the Corporation at any time and thereafter cease issuing Awards.

Appears in 3 contracts

Samples: Home Loan Financial Corp, Home Loan Financial Corp, United Community Financial Corp

AutoNDA by SimpleDocs

Allocations Not Required. None of the Directors or Employees, either individually or as a group, shall have any right or entitlement to receive an Award under the Plan. The Committee may, with the approval of the Board, and shall, if so directed by the Board, return all Common Shares and other assets in the Plan Share Reserve to the Corporation Holding Company at any time and thereafter cease issuing Awards.

Appears in 1 contract

Samples: Southern Community Bancshares Inc

Time is Money Join Law Insider Premium to draft better contracts faster.