Management of Trust. It is the intent of this Plan and Trust that the Trustee shall have complete authority and discretion with respect to the arrangement, control and investment of the Trust, and that the Trustees shall invest all assets of the Trust in Common Stock to the fullest extent practicable, except (i) to the extent that the Trustees determine that the holding of monies in cash or cash equivalents is necessary to meet the obligations of the Trust and (ii) contributions to the Trust by the Corporation prior to the Offering may be temporarily invested in such interest-bearing account or accounts as the Trustees shall determine to be appropriate. In performing their duties, the Trustees shall have the power to do all things and execute such instruments as may be deemed necessary or proper, including the following powers:
Appears in 2 contracts
Samples: Esb Financial Corp, Esb Financial Corp
Management of Trust. It is the intent of this Plan and Trust that the Trustee Trustees shall have complete authority and discretion with respect to the arrangement, control and investment of the Trust, and that the Trustees shall invest all assets of the Trust in Common Stock to the fullest extent practicable, except (i) to the extent that the Trustees determine that the holding of monies in cash or cash equivalents is necessary to meet the obligations of the Trust and (ii) contributions to the Trust by the Corporation prior to the Offering may be temporarily invested in such interest-bearing account or accounts as the Trustees shall determine to be appropriate. In performing their its duties, the Trustees shall have the power to do all things and execute such instruments as may be deemed necessary or proper, including the following powers:
Appears in 2 contracts
Samples: Esb Financial Corp, Esb Financial Corp
Management of Trust. It is the intent of this Plan and Trust that the Trustee Trustees shall have complete authority and discretion with respect to the arrangement, control and investment of the Trust, and that the Trustees shall invest all assets of the Trust in Common Stock to the fullest extent practicable, except (i) to the extent that the Trustees determine that the holding of monies in cash or cash equivalents is necessary to meet the obligations of the Trust and (ii) contributions to the Trust by the Corporation Company prior to the Offering may be temporarily invested in such interest-bearing account or accounts as the Trustees shall determine to be appropriate. In performing their duties, the Trustees shall have the power to do all things and execute such instruments as may be deemed necessary or proper, including the following powers:
Appears in 1 contract
Samples: Jacksonville Bancorp Inc
Management of Trust. It is the intent of this Plan and Trust that ------------------- the Trustee shall have complete authority and discretion with respect to the arrangement, control and investment of the Trust, and that the Trustees Trustee shall invest all assets of the Trust in Common Stock to the fullest extent practicable, except (i) to the extent that the Trustees determine Trustee determines that the holding of monies in cash or cash equivalents is necessary to meet the obligations of the Trust and (ii) contributions to the Trust by the Corporation prior to the Offering may be temporarily invested in such interest-bearing account or accounts as the Trustees Trustee shall determine to be appropriate. In performing their its duties, the Trustees Trustee shall have the power to do all things and execute such instruments as may be deemed necessary or proper, including the following powers:
Appears in 1 contract
Samples: WVS Financial Corp
Management of Trust. It is the intent of this Plan and Trust that ------------------- that, subject to the provisions of this Plan, the Trustee shall have complete authority and discretion with respect to the arrangementmanagement, control and investment of the Trust, and that the Trustees Trustee shall invest all assets of the Trust Trust, except those attributable to cash dividends paid with respect to Plan Shares, in Common Stock to the fullest extent practicablepracticable and permissible under applicable law, and except (i) to the extent that the Trustees determine Trustee determines that the holding of monies in cash or cash equivalents is necessary to meet the obligations obligation of the Trust and (ii) contributions to the Trust by the Corporation prior to the Offering may be temporarily invested in such interest-bearing account or accounts as the Trustees shall determine to be appropriateTrust. In performing their duties, the Trustees shall have the power to do all things and execute such instruments as may be deemed necessary or proper, including the following powers:
Appears in 1 contract
Samples: Harbor Florida Bancorp Inc
Management of Trust. It is the intent of this Plan and Trust that ------------------- that, subject to the provisions of this Plan, the Trustee shall have complete authority and discretion with respect to the arrangementmanagement, control and investment of the Trust, and that the Trustees Trustee shall invest all assets of the Trust Trust, except those attributable to cash dividends paid with respect to Plan Shares, in Common Stock to the fullest extent practicable, and except (i) to the extent that the Trustees determine Trustee determines that the holding of monies in cash or cash equivalents is necessary to meet the obligations obligation of the Trust and (ii) contributions to the Trust by the Corporation prior to the Offering may be temporarily invested in such interest-bearing account or accounts as the Trustees shall determine to be appropriateTrust. In performing their duties, the Trustees shall have the power to do all things and execute such instruments as may be deemed necessary or proper, including the following powers:
Appears in 1 contract
Samples: Harbor Florida Bancorp Inc