General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth of such Award following one year after the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.
Appears in 10 contracts
Samples: Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.), Plan and Trust Agreement (American Bancorp of New Jersey Inc), Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.)
General Rules. Unless the Committee shall specifically state states to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth of such Award following one year after as of the date of the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.
Appears in 5 contracts
Samples: Restricted Stock (Roebling Financial Corp, Inc.), Restricted Stock (Roebling Financial Corp, Inc.), PHS Bancorp Inc
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth fourth of such Award following one year after the granting of such Award, and an additional one-fifth fourth following each of the next four three successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.
Appears in 2 contracts
Samples: Plan and Trust Agreement (Farnsworth Bancorp Inc), Plan and Trust Agreement (Farnsworth Bancorp Inc)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth fourth of such Award following one year after the granting of such Award, and an additional one-fifth fourth following each of the next four three successive years; provided that such Participant remains an Employee, Director, or Director Emeritus or Subsidiary director during such period.
Appears in 2 contracts
Samples: And Trust Agreement (Wells Financial Corp), Plan and Trust Agreement (Wells Financial Corp)
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant Recipient at the rate of one-fifth of such Award following one year after the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant Recipient remains an Employee, Director, or Director Emeritus Employee during such period.
Appears in 2 contracts
Samples: Thistle Group Holdings Co, Beckley Bancorp Inc
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth fourth of such Award following one year after as of the date of granting of such Award, and an additional one-fifth fourth following each of the next four three successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.
Appears in 1 contract
Samples: Reserve Bancorp Inc
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth fourth of such Award following one year after the granting of such Award, and an additional one-fifth fourth following each of the next four three successive years; provided that such Participant remains an Employee, Director, Director or Director Emeritus during such period.
Appears in 1 contract
General Rules. Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-non- forfeitable by a Participant Recipient at the rate of one-fifth of such Award following one year after the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant Recipient remains an Employee, Director, or Director Emeritus Employee during such period.
Appears in 1 contract
Samples: First Colorado Bancorp Inc
General Rules. Unless the Committee shall specifically state states to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth of such Award following one year after as of the date of the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant remains an Employee, Director, Employee or Director Emeritus during such period.
Appears in 1 contract
Samples: PHSB Financial Corp
