Common use of Nontransferable Clause in Contracts

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a Participant, and during the lifetime of the Participant, Plan Shares may only be earned by and paid to the Participant who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 15 contracts

Samples: Guaranty Federal Bancshares Inc, Plan and Trust Agreement (Farnsworth Bancorp Inc), Restricted Stock (Roebling Financial Corp, Inc.)

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Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a Participant, and during the lifetime of the Participant, Plan Shares may only be earned by and paid to the Participant who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 5 contracts

Samples: And Trust Agreement (Wells Financial Corp), Plan and Trust Agreement (Wells Financial Corp), Bucs Financial Corp

Nontransferable. Plan Share Awards and Performance Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.02. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Corporation or any Subsidiary Company be subject to any claim for benefits hereunder.

Appears in 4 contracts

Samples: Willow Financial Bancorp, Inc., Tierone Corp, Willow Financial Bancorp, Inc.

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.02. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Corporation or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 4 contracts

Samples: Esb Financial Corp, Esb Financial Corp, Esb Financial Corp

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a Participant, and during the lifetime of the Participant, Plan Shares may only be earned by and paid to the Participant who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings BankCompany, or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 4 contracts

Samples: Synergy Financial Group Inc /Nj/, Synergy Financial Group Inc /Nj/, Synergy Financial Group Inc /Nj/

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a Participant, and during the lifetime of the Participant, Plan Shares and dividends (cash or stock) may only be earned by and paid delivered to the Participant who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings the Bank, or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 3 contracts

Samples: Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.), Restricted Stock Plan and Trust Agreement (Roebling Financial Corp, Inc.), Plan and Trust Agreement (Se Financial Corp)

Nontransferable. Plan Share Awards and Performance Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.02 and/or 7.05(a), as the case may be. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Corporation or any Subsidiary Company be subject to any claim for benefits hereunder.

Appears in 3 contracts

Samples: Abington Bancorp, Inc./Pa, KNBT Bancorp Inc, Home Federal Bancorp, Inc. Of Louisiana

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a Participant, and during the lifetime of the Participant, Plan Shares may only be earned by and paid to the Participant who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings the Bank, or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 3 contracts

Samples: Restricted Stock Plan and Trust Agreement (Osage Federal Financial Inc), Plan and Trust Agreement (American Bancorp of New Jersey Inc), Restricted Stock Plan and Trust Agreement (Osage Bancshares, Inc.)

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a Participant, and during the lifetime of the Participant, Plan Shares may only be earned by and paid to the Participant who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the ParentCompany, Savings Bank, the Bank or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 2 contracts

Samples: Community First Bancorp Inc, Community First Bancorp Inc

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.03. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Corporation or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 2 contracts

Samples: Plan and Trust Agreement (First Keystone Financial Inc), First Defiance Financial Corp

Nontransferable. Plan Share Awards and Performance Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.02. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the ParentMHC, Savings Bank, the Corporation or any Subsidiary Company be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: Minden Bancorp, Inc.

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient and, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant Recipient who was notified in writing of the Award by the Committee pursuant to Section 6.036.3. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Company or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: Cgb&l Financial Group Inc

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Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.02. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Corporation or any Subsidiary Company be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: Willow Financial Bancorp, Inc.

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.02. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Bank or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: Finger Lakes Bancorp Inc

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant Recipient who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: First Colorado Bancorp Inc

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.02. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Company or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: Jacksonville Bancorp Inc

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient and, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant Recipient who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Company or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: CSB Financial Group Inc

Nontransferable. Plan Share Awards and rights to Plan Shares shall --------------- not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.02. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Corporation or any Subsidiary be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: WVS Financial Corp

Nontransferable. Plan Share Awards and rights to Plan Shares shall not be transferable by a ParticipantRecipient, and during the lifetime of the ParticipantRecipient, Plan Shares may only be earned by and paid to the Participant a Recipient who was notified in writing of the an Award by the Committee pursuant to Section 6.036.2. No Participant Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, Corporation or any Subsidiary Company be subject to any claim for benefits hereunder.

Appears in 1 contract

Samples: Fairmount Bancorp, Inc.

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