Common use of Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves Clause in Contracts

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the Parent, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are not earned because of forfeiture by the Participant pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS

Appears in 13 contracts

Samples: Plan and Trust Agreement (Farnsworth Bancorp Inc), Restricted Stock (Floridafirst Bancorp), Restricted Stock Plan and Trust Agreement (Osage Bancshares, Inc.)

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Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.056.03 after acquisition by the Trustee of such shares, or the decision of the Committee to return Plan Shares to the ParentHolding Company, the Plan Share Reserve shall be reduced by the number of Plan Shares subject to the Awards so allocated or returned. Any Shares shares subject to an Award which are may not be earned because of a forfeiture by the Participant Recipient pursuant to Section 7.01 shall be added returned (added) to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 11 contracts

Samples: Union Community Bancorp, Union Community Bancorp, Citizens Bancorp

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the Parent, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are not earned because of forfeiture by the Participant pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 7 contracts

Samples: And Trust Agreement (Wells Financial Corp), Guaranty Federal Bancshares Inc, Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.)

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05Section 6.02, or the decision of the Committee to return Plan Shares to the Parent, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are may not be earned because of forfeiture by the Participant Recipient pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS

Appears in 5 contracts

Samples: Swva Bancshares Inc, NCF Financial Corp /De/, Beckley Bancorp Inc

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the ParentCompany, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are not earned because of forfeiture by the Participant pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS

Appears in 5 contracts

Samples: Synergy Financial Group Inc /Nj/, Community First Bancorp Inc, Synergy Financial Group Inc /Nj/

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the Savings Bank or the Parent, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are not earned because of forfeiture by the Participant pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS

Appears in 3 contracts

Samples: Restricted Stock (Roebling Financial Corp, Inc.), Roebling Financial Corp Inc, PHSB Financial Corp

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the ParentSavings Bank, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are not earned because of forfeiture by the Participant pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS

Appears in 2 contracts

Samples: Skibo Financial Corp, PHSB Financial Corp

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the Savings Bank or the Parent, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are not earned because of forfeiture by the Participant pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 2 contracts

Samples: Restricted Stock (Roebling Financial Corp, Inc.), PHS Bancorp Inc

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05Section 6.02, or the decision of the Committee to return Plan Shares to the ParentSavings Bank, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are may not be earned because of forfeiture by the Participant Recipient pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS

Appears in 2 contracts

Samples: Thistle Group Holdings Co, First Colorado Bancorp Inc

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the ParentSection 6.02, the Plan Share Reserve shall be reduced by the number of Plan Shares subject to the Plan Share Awards so allocated or returnedallocated. Any Plan Shares subject to an a Plan Share Award which are not may no longer be earned because of a forfeiture by the Participant Recipient pursuant to Section 7.01 Sections 7.01(b) or 7.01(c) shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 2 contracts

Samples: Old Guard Group Inc, Mercer Insurance Group Inc

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05Section 6.02, or the decision of the Committee to return Plan Shares to the ParentSavings Bank, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares shares subject to an Award which are that may not be earned because of a forfeiture by the Participant Recipient pursuant to Section 7.01 shall be added returned to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 1 contract

Samples: Guaranty Federal Bancshares Inc

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Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05Section 6.02, or the decision of the Committee to return Plan Shares to the ParentBank, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are may not be earned because of a forfeiture by the Participant Recipient pursuant to Section 7.01 shall be added returned (added) to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 1 contract

Samples: And Retention Plan and Trust Agreement (Camden National Corp)

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05Section 6.02, or the decision of the Committee to return Plan Shares to the ParentAssociation, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are may not be earned because of forfeiture by the Participant Recipient pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS

Appears in 1 contract

Samples: Thistle Group Holdings Co

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the Parent, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are not be earned because of forfeiture by the Participant Recipient pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS

Appears in 1 contract

Samples: First Colorado Bancorp Inc

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections Section 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the Parent, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returnedallocated. Any Shares subject to an Award which are may not be earned because of a forfeiture by the Participant Recipient pursuant to Section 7.01 shall be added returned (added) to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 1 contract

Samples: Reliance Bancshares Inc

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections Section 6.02 and 6.05of this Agreement, or the decision of the Committee to return Plan Shares to the ParentHolding Company, the Plan Share Reserve shall be reduced by the number of Plan Shares subject to the Awards so allocated or returned. Any Plan Shares subject to an Award which are not earned because of is subject to forfeiture by the Participant Recipient pursuant to Section 7.01 of this Agreement shall be added to retained in the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 1 contract

Samples: Southern Community Bancshares Inc

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05Awards, or the decision of the Committee to return Plan Retention Shares to the ParentCompany, the Plan Share Reserve shall be reduced by the number of Retention Shares subject to the Awards so allocated or returned. Any Retention Shares subject to an Award which are not earned because of forfeiture that is forfeited by the Participant pursuant to Section 7.01 the Plan shall be added returned to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONS.

Appears in 1 contract

Samples: Trust Agreement (Greenville Federal Financial CORP)

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Sections 6.02 and 6.05, or the decision of the Committee to return Plan Shares to the Parent, the Plan Share Reserve shall be reduced by the number of Shares subject to the Awards so allocated or returned. Any Shares subject to an Award which are not earned because of forfeiture by the Participant pursuant to Section 7.01 shall be added to the Plan Share Reserve. Article VI ---------- ELIGIBILITY; ALLOCATIONSVI

Appears in 1 contract

Samples: Esb Financial Corp

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