Common use of Stock Subject to the Plan Clause in Contracts

Stock Subject to the Plan. Subject to adjustment as provided in Section 15 of the Plan, the maximum number of shares reserved for Awards under the Plan is 681,687, which number shall not exceed 7.53% of the outstanding shares of the Common Stock determined immediately as of the Effective Date. Subject to adjustment as provided in Section 15 of the Plan, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 486,919, which number shall not exceed 5.38% of the outstanding shares of Common Stock as of the Effective Date. The maximum number of the shares reserved for Stock Awards is 194,768, which number shall not exceed 2.15% of the outstanding shares of Common Stock as of the Effective Date. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust or the Bank, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash), new Awards may be made with respect to these shares.

Appears in 2 contracts

Samples: Richmond County Financial Corp, Bayonne Bancshares Inc

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Stock Subject to the Plan. Subject to adjustment as provided in Section 15 of the Plan17 hereof, the maximum number of shares reserved for Awards under the Plan is 681,6871,218,983, which number shall not exceed 7.5314% of the outstanding shares of the Common Stock determined immediately as of the Effective Date. Subject to adjustment as provided in Section 15 of the Plan17 hereof, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 486,919870,715, which number shall not exceed 5.3810% of the outstanding shares of Common Stock as of the Effective Date. The maximum number of the shares reserved for Stock Awards is 194,768348,268, which number shall not exceed 2.154% of the outstanding shares of Common Stock as of the Effective Date. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust or the BankHolding Company, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash), new Awards may be made with respect to these shares.

Appears in 2 contracts

Samples: Firstfed America Bancorp Inc, Firstfed America Bancorp Inc

Stock Subject to the Plan. Subject to adjustment as provided in Section 15 of the Plan13 hereof, the maximum number of shares reserved for Awards under the Plan is 681,687, which number shall not exceed 7.53% of the outstanding shares of the Common Stock determined immediately as of the Effective Date500,000. Subject to adjustment as provided in Section 15 of the Plan13 hereof, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 486,919, which 500,000 minus the number shall not exceed 5.38% of the outstanding shares of Common Stock as of the Effective DateAwards or Restricted Stock Units issued. The maximum number of the shares reserved for Stock Awards and Restricted Stock Units is 194,768, which number shall not exceed 2.15% of the outstanding shares of Common Stock as of the Effective Date150,000. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust or the BankCompany, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash)exercised, new Awards may be made with respect to these shares.

Appears in 1 contract

Samples: Kollmorgen Corp

Stock Subject to the Plan. Subject to adjustment as provided in Section 15 14 of the Plan, the maximum number of shares reserved for Awards under the Plan is 681,68776,367, which number shall not exceed 7.5314% of the outstanding shares of the Common Stock determined immediately as issued by the Company in connection with the Bank's conversion from mutual to stock form of the Effective Dateorganization. Subject to adjustment as provided in Section 15 14 of the Plan, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 486,91954,548, which number shall not exceed 5.3810% of the outstanding publicly traded shares of Common Stock as of the Effective Date. The maximum number of the shares reserved for Stock Awards is 194,76821,819, which number shall not exceed 2.154% of the outstanding publicly traded shares of Common Stock as of the Effective Date. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust Trustee or the BankHolding Company, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, expire or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash)exercised, new Awards may be made with respect to these shares.

Appears in 1 contract

Samples: Massachusetts Fincorp Inc

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Stock Subject to the Plan. Subject to adjustment as provided in Section 15 of the Planhereof, the maximum number of shares reserved for Awards under the Plan is 681,687133,308, which number shall not exceed 7.5314% of the outstanding shares of the Common Stock determined immediately as of the Effective Date. Subject to adjustment as provided in Section 15 of the Planhereof, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 486,91995,220, which number shall not exceed 5.3810% of the outstanding shares of Common Stock as of the Effective Date. The maximum number of the shares reserved for Stock Awards is 194,76838,088, which number shall not exceed 2.154% of the outstanding shares of Common Stock as of the Effective Date. The shares of Common Stock issued under the Plan may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Trust or the Bank, respectively. To the extent that Options and Stock Awards are granted under the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, or are forfeited without having vested or without having been exercised (in the case of Limited Rights, exercised for cash), new Awards may be made with respect to these shares.

Appears in 1 contract

Samples: Pulaski Bancorp Inc

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