Common use of Investment of Trust Assets Clause in Contracts

Investment of Trust Assets. Following approval of the Plan by stockholders of the Savings Bank and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock in an amount equal to up to 100% of the Trust's assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 7,838 shares of Common Stock, representing 4% of the aggregate shares of Common Stock issued by the Savings Bank in the Conversion to parties other than Roebling Financial Corp., M.H.C. ("MHC"). The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Savings Bank sufficient to fund the Plan Share Reserve.

Investment of Trust Assets. Following approval of the Plan by stockholders of the Savings Bank and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock in an amount equal to up to 100% of the Trust's assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 7,838 shares of Common Stock, representing 4% of the aggregate shares of Common Stock issued by the Savings Bank in the Conversion to parties other than Roebling Financial Corp., M.H.C. ("MHC"). The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Savings Bank sufficient to fund the Plan Share Reserve.Plan

Investment of Trust Assets. Following approval of the Plan by stockholders of the Savings Bank and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock in an amount equal to up to 100% of the Trust's assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 7,838 49,680 shares of Common Stock, representing 4% of the aggregate shares of Common Stock issued by the Savings Bank in the Conversion to parties other than Roebling Financial Corp.PHS Bancorp, M.H.C. ("MHC"). The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Savings Bank sufficient to fund the Plan Share Reserve.

Investment of Trust Assets. Following approval of the Plan by stockholders of the Savings Bank and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock in an amount equal to up to 100% of the Trust's assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 7,838 49,680 shares of Common Stock, representing 4% of the aggregate shares of Common Stock issued by the Savings Bank in the Conversion to parties other than Roebling Financial Corp.PHS Bancorp, M.H.C. ("MHC"). The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Savings Bank sufficient to fund the Plan Share Reserve.Share