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 Awards under Section 6.02 of this Agreement, or the decision of the Committee to return Plan Shares to the Corporation, the Plan Share Reserve shall be reduced by the number of Plan Shares so allocated or returned. Any Plan Shares subject to an Award which is subject to forfeiture by the Recipient pursuant to Section 7.01 of this Agreement shall be retained in the Plan Share Reserve.

Appears in 8 contracts

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

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Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Awards under pursuant to Section 6.02 of this Agreement, or the decision of the Committee to return Plan Shares to the Corporation, the Plan Share Reserve shall be reduced by the number of Plan Shares so allocated or returned. Any Plan Shares subject to an Award which is subject to forfeiture forfeited by the Recipient pursuant to Section 7.01 7.01(b) of this Agreement shall be retained in the Plan Share Reserve.

Appears in 3 contracts

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

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Section 6.02 of this Agreement6.02, or the decision of the Committee to return Plan Shares to the CorporationAssociation, 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 is subject to that may not be earned because of a forfeiture by the Recipient pursuant to Section 7.01 of this Agreement shall be retained in returned (added) to the Plan Share Reserve.

Appears in 1 contract

Samples: First Federal Bankshares Inc

Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Section Sections 6.02 of this Agreementand 6.05, or the decision of the Committee to return Plan Shares to the CorporationCompany, 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 is subject to are not earned because of forfeiture by the Recipient Participant pursuant to Section 7.01 of this Agreement shall be retained in added to the Plan Share Reserve.

Appears in 1 contract

Samples: Community First Bancorp Inc

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Effect of Allocations, Returns and Forfeitures Upon Plan Share Reserves. Upon the allocation of Plan Share Awards under Section Sections 6.02 of this Agreementand 6.03, or the decision of the Committee to return Plan Shares to the CorporationHolding Company, the Plan Share Reserve shall be reduced by the number of Plan Shares so allocated or returned. Any Plan Shares shares subject to an Award which is subject to may not be earned because of a forfeiture by the Recipient pursuant to Section 7.01 of this Agreement shall be retained in returned (added) to the Plan Share Reserve.

Appears in 1 contract

Samples: Three Rivers Financial Corp

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