Recognition and Retention Plan definition

Recognition and Retention Plan means a deferred compensation plan pursuant to which the Managing General Partner can provide appropriate financial incentives to employees, former employees and former general partners of the Partnership.
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Recognition and Retention Plan means the City Savings Bank Recognition and Retention Plan and Trust, formerly named the Michigan City Savings and Loan Association Recognition and Retention Plan and Trust.
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Examples of Recognition and Retention Plan in a sentence

  • Component shall mean the number of shares of Company Stock awarded to the Executive under the Atlantic Coast Federal Corporation 2005 Recognition and Retention Plan that are still held by the Executive on December 11, 2009 times 25 percent.

  • For example, on December 11, 2009 the Executive had 100 shares awarded to him under the Atlantic Coast Federal Corporation 2005 Recognition and Retention Plan.

  • Employee Stock Ownership Plan, the Roosevelt Savings Bank Recognition and Retention Plan for Officers, the T R Financial Corp.

  • For purposes of this Agreement, the term “Home Stock Plans” means the Home 2005 Stock Option and Incentive Plan, the Home 2005 Recognition and Retention Plan and the Home 2008 Equity Incentive Plan.

  • At the Effective Time, each holder of an unvested share of Seller Restricted Stock under the Seller's Recognition and Retention Plan shall be entitled to receive an amount of compensation equal to the Merger Consideration for each such share of Seller Restricted Stock subject to applicable federal and state tax withholding obligations of the Seller together with accumulated but undistributed dividends on such Seller Restricted Stock.

  • Recognition and Retention Plan, to the extent not already vested, shall vest and shall represent a right to receive the same Merger Consideration provided to other holders of MSB Common Stock pursuant to Section 2.5 above, net of any amounts that must be withheld under federal and state income and employment tax requirements.

  • Component shall mean the number of shares of Company Stock awarded to the Executive under the Atlantic Coast Federal Corporation 2005 Recognition and Retention Plan that are still held by the Executive on December 11, 2009.

  • As of the date hereof, 495,398 shares of Seller Common Stock are outstanding (including 15,578 shares of Seller Restricted Stock held by Seller's Recognition and Retention Plan), and 138,770 shares of Seller Common Stock are held in treasury.

  • In May 2011, shareholders approved the Century Next 2011 Stock Option Plan, "SOP", and Century Next 2011 Recognition and Retention Plan and Trust Agreement, "RRP".

  • Case shall have ceased to be an employee of Adirondack and the Bank and any and all Adirondack Shares held for his benefit in the Recognition and Retention Plan and any and all option shares held by him under the Adirondack Option Plan shall have been forfeited without expense or liability to Adirondack or the Bank.