Common use of Term of Plan Clause in Contracts

Term of Plan. This Plan shall remain in effect until the earlier of (i) termination by the Board, (ii) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 31 contracts

Samples: And Trust Agreement (Wells Financial Corp), Guaranty Federal Bancshares Inc, Plan and Trust Agreement (American Bancorp of New Jersey Inc)

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Term of Plan. This The Plan shall remain in effect until the earlier of (ia) the termination of the Plan by the Board, Board or (iib) the distribution of all assets of from the Trust, or (iii) 21 years from the Effective Date. Termination The termination of the Plan shall not effect affect any Plan Share Awards previously granted, granted and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, paid or by their terms expire or are forfeited.

Appears in 10 contracts

Samples: Plan and Trust Agreement (Market Financial Corp), Ohio State Financial Services Inc, Ohio State Financial Services Inc

Term of Plan. This Plan shall remain in effect until the earlier of (i1) 21 years from the effective date of its adoption, (2) termination by the Board, or (ii3) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 8 contracts

Samples: Union Community Bancorp, Lincoln Bancorp /In/, Third Century Bancorp

Term of Plan. This Plan shall remain in effect until the earlier of (i1) termination by the Board, (ii2) the distribution of all assets of the Trust, or (iii3) 21 years from the Effective Date. Termination of the Plan shall not effect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 7 contracts

Samples: First Colorado Bancorp Inc, Thistle Group Holdings Co, Guthrie Savings Inc

Term of Plan. This Plan shall remain in effect until the earlier of (i1) 21 years from its effective date, (2) termination by the Board, or (ii3) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 3 contracts

Samples: River Valley Bancorp, River Valley Bancorp, River Valley Bancorp

Term of Plan. This The Plan shall remain in effect until the earlier of (ia) the termination of the Plan by the Board, Board or (iib) the distribution of all assets of from the Trust, or (iii) 21 years from the Effective Date. Termination The termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, paid or by their terms expire or are forfeited.

Appears in 3 contracts

Samples: Columbia Financial of Kentucky Inc, Columbia Financial of Kentucky Inc, United Community Financial Corp

Term of Plan. This Plan shall remain in effect until the earlier of (i) termination by the Board, (ii) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paiddelivered, or by their terms expire or are forfeited.

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)

Term of Plan. This Plan shall remain in effect until the earlier of of: (i1) termination by the Board, Board of Directors; (ii2) the distribution to Recipients, Beneficiaries, the Company or the Bank of all assets of the Trust, ; or (iii3) 21 years from the Effective Date. Termination of the Plan shall not effect not, unless expressly specified, affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 2 contracts

Samples: CSB Financial Group Inc, Cgb&l Financial Group Inc

Term of Plan. This Plan shall remain in effect until the earlier of (i1) 21 years from the Effective Date, (2) termination by the Board, or (ii3) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination or amendment of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 2 contracts

Samples: Old Guard Group Inc, Mercer Insurance Group Inc

Term of Plan. This Plan shall remain in effect until the earlier of (i) termination by the Board, (ii) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 1 contract

Samples: First Colorado Bancorp Inc

Term of Plan. This Plan shall remain in effect until the earlier of (i1) termination by the Board, or (ii2) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 1 contract

Samples: Guaranty Federal Bancshares Inc

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Term of Plan. This Plan shall remain in effect until the earlier of (i1) 21 years from the Effective Date, (2) termination by the BoardBoard of Directors of the Company, or (ii3) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 1 contract

Samples: And Retention Plan and Trust Agreement (Camden National Corp)

Term of Plan. This Plan shall remain in effect until the ------------ earlier of (i1) 21 years from the Effective Date; (2) termination by the Board, Board of Directors of the Company; or (ii3) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 1 contract

Samples: Harbor Florida Bancorp Inc

Term of Plan. This Plan shall remain in effect until the earlier of (i) termination by the Board, (ii) the distribution of all assets of the Trust, or (iii1) 21 years from the Effective DateDate or (2) termination by the Board. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 1 contract

Samples: Reliance Bancshares Inc

Term of Plan. This Plan shall remain in effect until the ------------ earlier of (i1) 21 years from the Effective Date; (2) termination by the Board, ; or (ii3) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 1 contract

Samples: Harbor Florida Bancorp Inc

Term of Plan. This Plan shall remain in effect until the earlier of (i1) 10 years from the Effective Date, (2) termination by the Holding Company Board, or (ii3) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 1 contract

Samples: Three Rivers Financial Corp

Term of Plan. This Plan shall remain in effect until the earlier of (i1) 21 years from the Effective Date, (2) termination by the Board, or (ii3) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect affect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

Appears in 1 contract

Samples: First Federal Bankshares Inc

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