Subsequent Allocation Clause Samples

Subsequent Allocation. Any proceeds unallocated after the initial allocation shall be allocated by repeating the following procedure until all the proceeds are allocated. To each Party for which the loss was not covered by the prior allocation, there shall be allocated a portion of the unallocated proceeds equal to the lesser of (i) the amount of that Party’s insured loss not covered by the prior allocation, or (ii) an amount equal to the unallocated proceeds multiplied by the applicable fraction set forth in paragraph 4(a) above.

Subsequent Allocation. A Plan Share Award shall be allocated to each Non-employee Director one year from the date on which Common Stock is initially sold in the Offering. Specifically, each Non-employee Director shall receive a Plan Share Award for the number of whole shares of Common Stock determined by dividing the remaining number of shares of Common Stock which may be issued pursuant to this Plan by the number of Non-employee Directors at such time. In the event of a forfeiture of the right to any Shares subject to an Award, pursuant to Section 7.01 hereof, such forfeited Shares shall be reallocated one month following such forfeiture to the remaining Non-employee Directors by dividing the number of forfeited shares of Common Stock by the remaining number of Non-employee Directors at such time.

Subsequent Allocation. A Plan Share Award shall be allocated to each Non-Employee Director one year from the date on which his initial allocation is made pursuant to Section 6.01(a) hereof and on the next anniversary date thereafter. Specifically, each Non-Employee Director shall receive a Plan Share Award for 778 shares of Common Stock on each of the two anniversary dates after the initial allocation pursuant to Section 6.01(a) hereof.

Subsequent Allocation. A Plan Share Award shall be allocated to each Non-Employee Director one year from the date on which the Plan was initially approved by stockholders of the Corporation and on the next anniversary date thereafter. Specifically, each Non-Employee Director shall receive a Plan Share Award of 136 shares of Common Stock on each of the two anniversary dates after the initial awards pursuant to Section 6.01(a) hereof (except that each Non-Employee Director who has served as a director of the Bank for more than 30 years shall receive a Plan Share Award of 272 shares of Common Stock on each of the two anniversary dates after the initial awards pursuant to Section 6.01(a) hereof).

Subsequent Allocation. Any proceeds unallocated after the initial allocation shall be allocated by repeating the following procedure until all the proceeds are allocated. To each Party for which the loss was not covered by the prior allocation, there shall be allocated a portion of the unallocated proceeds equal to the lesser of (i) the amount of that Party's loss not covered by the prior allocation, or (ii) an amount equal to the unallocated proceeds multiplied by a fraction, the numerator of which is that Party's portion of the premium paid for the Policy year in question, and the denominator of which is the sum of the premium paid for the Policy year in question by all Parties for which the loss was not covered by the prior allocation.

Subsequent Allocation. Any proceeds unallocated after the initial allocation shall be allocated by repeating the following procedure until all the proceeds are allocated. To each Party for which the loss was not covered by the prior allocation, there shall be allocated a portion of the unallocated proceeds equal to the lesser of (i) the amount of that Party's loss not covered by the prior allocation, or (ii) an amount equal to the unallocated proceeds multiplied by a fraction, the numerator of which is that Party's portion of the premium paid for the Policy year in question, and the denominator of which is the sum of the premium paid for the Policy year in question by all Parties for which the loss was not covered by the prior allocation. 5. AGENT. FBL Investment Advisory Services, Inc. ("Adviser") is hereby appointed as the agent for all the Parties for the purpose of making, adjusting, receiving and enforcing payment of all claims and otherwise dealing with the Policy. Any expenses incurred by Adviser in its capacity as agent in connection with a claim shall be shared by the Parties in proportion to the proceeds received by the Parties for the loss. All other expenses incurred by Adviser in its capacity as agent shall be shared by the Parties in the same proportion as their portion of the total premium paid.