Common use of Effect of Execution of Adoption Agreement Clause in Contracts

Effect of Execution of Adoption Agreement. The Employer, upon execution of this Adoption Agreement by a duly authorized representative thereof, (choose 1 or 2): 1. X Establishes as a new plan the Tempo Bank Employees’ Savings & Profit Sharing Plan and Trust, effective February 15, 2007 (the “Effective Date”). 2. Amends its existing defined contribution plan and trust Existing Plan Name dated DATE, in its entirety into the Employer Name Employees’ Savings & Profit Sharing Plan and Trust, effective January 1, 2007, except as otherwise provided herein or in the Agreement (the “Effective Date”).

Effect of Execution of Adoption Agreement. The Employer, upon execution of this Adoption Agreement by a duly authorized representative thereof, (choose 1 or 2): 1. X Establishes as a new plan the Tempo Employees’ Profit Sharing Plan and Trust, effective (the “Effective Date”). 2. X Amends its existing defined contribution plan and trust Fourth Federal Savings Bank 401(k) Plan dated September 23, 2003, in its entirety into the NorthEast Community Bank Employees’ Savings & Profit Sharing Plan and Trust, effective February 15, 2007 (the “Effective Date”). 2. Amends its existing defined contribution plan and trust Existing Plan Name dated DATE, in its entirety into the Employer Name Employees’ Savings & Profit Sharing Plan and Trust, effective January May 1, 20072006, except as otherwise provided herein or in the Agreement (the “Effective Date”).