Common use of Allocations - Outside Directors Clause in Contracts

Allocations - Outside Directors. The following Outside Directors shall be awarded a Plan Share Award on the First Shareholder Meeting Date, assuming he or she is still serving as an Outside Director on such date, equal to the number of whole shares rounded down to the nearest whole number constituting the following percentage of the number of shares of Common Stock issued in the Conversion (the "Fixed Award"); provided, however, that the Affiliates shall have the discretion to reduce such percentages if the Trustee is required to purchase shares on the open market or from the Holding Company for an amount per share greater than the price per share at which shares are sold in the Conversion: Percentage of Shares Outside Director Issued in Conversion -------------------------------------------------------------- ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ .20% ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ .20% ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ .20% ▇▇▇▇ ▇. ▇▇▇▇▇▇ .20% ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ .15%

Appears in 1 contract

Sources: Recognition and Retention Plan and Trust (River Valley Bancorp)

Allocations - Outside Directors. The following Outside Directors shall be awarded a Plan Share Award on the First Shareholder Meeting Date, assuming he or she is still serving as an Outside Director on such date, equal to the number of whole shares rounded down to the nearest whole number constituting the following percentage of the number of shares of Common Stock issued in the Conversion (the "Fixed Award"); provided, however, that the Affiliates shall have the discretion to reduce such percentages if the Trustee is required to purchase shares on the open market or from the Holding Company for an amount per share greater than the price per share at which shares are sold in the Conversion: Percentage of Shares Outside Director Issued in Conversion -------------------------------------------------------------- ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ .20---------------- -------------------- Fred W. Koehler .1923% ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ .20ley .1731% ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ .20.1731% ▇▇▇▇ ▇. ▇▇▇▇▇▇ .20.1731% ▇▇▇▇▇▇ ▇. L. ▇▇▇▇▇ .15s .11535%

Appears in 1 contract

Sources: Recognition and Retention Plan and Trust (River Valley Bancorp)