Common use of Form of Allocation Clause in Contracts

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or Section 6.05 that a Plan Share Award is to be made, the Committee shall notify the Participant in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award may be earned. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant shall be considered the date of grant of the Plan Share Awards as determined by the Committee. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 33 contracts

Sources: Stock Bonus Plan and Trust Agreement (Wells Financial Corp), Restricted Stock Plan and Trust Agreement (Guaranty Federal Bancshares Inc), Restricted Stock Plan and Trust Agreement (Esb Financial Corp)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or Section 6.05 that a Plan Share Award is to be made, the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award may be earned. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant Recipient shall be considered the date of grant of the Plan Share Awards as determined by the CommitteeAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 7 contracts

Sources: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co), Management Stock Bonus Plan and Trust Agreement (Guthrie Savings Inc), Management Stock Bonus Plan and Trust Agreement (Beckley Bancorp Inc)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or Section 6.05 6.01 that a Plan Share Award is to be madeissued, the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award may Award shall be earneddistributed to the Employee. Such terms shall be reflected in a written agreement with the Employee. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant Recipient shall be considered the date of grant of the Plan Share Awards as determined by the CommitteeAward. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 3 contracts

Sources: Recognition and Retention Plan for Officers and Trust Agreement (Esb Financial Corp), Recognition and Retention Plan for Officers and Trust Agreement (Esb Financial Corp), Management Recognition Plan and Trust Agreement (Jacksonville Bancorp Inc)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or Section 6.05 6.03 that a Plan Share Award is to be made, the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award Award may be earned. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant shall be considered the date of grant of the stock certificates for Plan Share Awards as determined shall be registered in the name of the Recipient until forfeited or transferred by the CommitteeRecipient after such Award has been earned. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 2 contracts

Sources: Recognition and Retention Plan and Trust (River Valley Bancorp), Recognition and Retention Plan and Trust (River Valley Bancorp)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or Section 6.05 that a Plan Share Award is to be madehas been granted, the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award Award may be earned. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant Recipient shall be considered the date of grant of the Plan Share Awards as determined by the CommitteeAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 2 contracts

Sources: Recognition and Retention Plan and Trust Agreement (Camden National Corp), Recognition and Retention Plan (Guaranty Federal Bancshares Inc)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section Sections 6.02 or Section and 6.05 that a Plan Share Award is to be made, the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award may be earned. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant Recipient shall be considered the date of grant of the Plan Share Awards as determined by the CommitteeAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Sources: Management Stock Bonus Plan and Trust Agreement (First Colorado Bancorp Inc)

Form of Allocation. As promptly as practicable after a ------------------ determination is made pursuant to Section 6.02 or Section 6.05 that a Plan Share Award is to be madehas been granted, the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award Award may be earned. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant Recipient shall be considered the date of grant of the Plan Share Awards as determined by the CommitteeAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Sources: Recognition and Retention Plan (Harbor Florida Bancorp Inc)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or Section 6.05 that a Plan Share Award is to be made, the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award may be earned. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant Recipient shall be considered the date of grant of the Plan Share Awards as determined by the CommitteeAwards. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Sources: Management Stock Bonus Plan and Trust Agreement (NCF Financial Corp /De/)

Form of Allocation. As promptly as practicable after a determination is made an allocation pursuant to Section Sections 6.01 or 6.02 or Section 6.05 that a Plan Share Award is to be madeissued, the Board or the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award may Award shall be earneddistributed to the Recipient. The date on which the Committee makes its award determination Board or the date the Committee so notifies the Participant Recipient shall be considered the date of grant of the Plan Share Awards as determined by the CommitteeAward. The Board or the Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Sources: 1997 Recognition and Retention Plan and Trust Agreement (Gs Financial Corp)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or Section 6.05 Sections 6.01 that a Plan Share Award is to be madeissued, the Committee shall notify the Participant Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award may Award shall be earneddistributed to the Recipient. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant Recipient shall be considered the date of grant of the Plan Share Awards as determined by the CommitteeAward. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Sources: Management Recognition Plan and Trust Agreement (Finger Lakes Bancorp Inc)

Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 or Section 6.05 that a Plan Share Award is to be made, the Committee shall notify the Participant in writing of the grant of the Award, the number of Plan Shares covered by the Award, and the terms upon which the Plan Shares subject to the award may be earned. The date on which the Committee makes its award determination or the date the Committee so notifies the Participant shall be considered the date of grant of the Plan Share Awards as determined by the Committee. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.

Appears in 1 contract

Sources: Restricted Stock Plan and Trust Agreement (Se Financial Corp)