Common use of Timing of Distributions Clause in Contracts

Timing of Distributions. General Rule. Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 9 contracts

Samples: Union Community Bancorp, Reliance Bancshares Inc, Union Community Bancorp

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Timing of Distributions. General RuleGENERAL RULE. Except as otherwise provided in this Agreement, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned, together with any cash dividends, returned capital and earnings thereon with respect to Plan Shares that have been earned.

Appears in 5 contracts

Samples: Plan and Trust Agreement (Market Financial Corp), Columbia Financial of Kentucky Inc, Market Financial Corp

Timing of Distributions. General Rule. Except as provided in Subsection (b) below, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 4 contracts

Samples: And Retention Plan and Trust Agreement (Camden National Corp), River Valley Bancorp, River Valley Bancorp

Timing of Distributions. General Rule. Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned, provided, however, that no Plan Shares shall be distributed to the Recipient or Beneficiary pursuant to a Plan Share Award within six months from the date on which that Plan Share Award was granted to such person.

Appears in 3 contracts

Samples: Jacksonville Bancorp Inc, Finger Lakes Bancorp Inc, First Defiance Financial Corp

Timing of Distributions. General RuleGENERAL RULE. Except as otherwise provided in this Agreement, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable after they have been earned, together with any cash distributions, returned capital and earnings thereon with respect to such Plan Shares that have been earned.

Appears in 3 contracts

Samples: Ohio State Financial Services Inc, Ohio State Financial Services Inc, Ohio State Financial Services Inc

Timing of Distributions. General RuleGENERAL RULE. Except as otherwise provided in this Agreement, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable after they have been earnedbecome earned and non-forfeitable, together with any cash distributions, returned capital and earnings with respect to such Plan Shares.

Appears in 2 contracts

Samples: United Community Financial Corp, Home Loan Financial Corp

Timing of Distributions. General Rule. Except as provided in ------------------------------------- Subsection (b) below, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 2 contracts

Samples: Harbor Florida Bancorp Inc, Harbor Florida Bancorp Inc

Timing of Distributions. General RuleGENERAL RULE. Except as provided in Subsection (b) below, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 1 contract

Samples: Three Rivers Financial Corp

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Timing of Distributions. General Rule. Subject to the provisions of Sections 7.03(b) and 7.05 hereof, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 1 contract

Samples: Community Savings Bankshares Inc /De/

Timing of Distributions. General Rule. Subject to the provisions of Section 7.05 hereof, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable (and in any event no later than 30 days) after they have been earned.

Appears in 1 contract

Samples: KNBT Bancorp Inc

Timing of Distributions. General RuleGENERAL RULE. Except as otherwise provided in this Agreement, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable after they have been earned, together with any cash, dividends, returned capital and earnings thereon with respect to such Plan Shares that have been earned.

Appears in 1 contract

Samples: FFD Financial Corp/Oh

Timing of Distributions. General Rule. Subject to the provisions of Section 7.05 hereof, Plan Shares shall be distributed to the Recipient or his or her Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 1 contract

Samples: Abington Community Bancorp, Inc.

Timing of Distributions. General Rule. Subject to the provisions of Section 7.03(b) hereof, Plan Shares shall be distributed to the Recipient or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

Appears in 1 contract

Samples: Ibl Bancorp

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