Exception for a Change in Control. Notwithstanding the ---------------------------------- general rule contained in Section 7.01(a), all Plan Shares subject to a Plan Share Award held by a Recipient shall be deemed to be earned in the event of a Change in Control.
Appears in 1 contract
Sources: Recognition and Retention Plan and Trust Agreement (WVS Financial Corp)
Exception for a Change in Control. Notwithstanding the ---------------------------------- general rule contained in Section 7.01(a), all Plan Shares subject to a Plan Share Award held by a Recipient shall be deemed to be earned in the event of a Change in Control if, as of the date of such Change in Control, such treatment is either authorized or is not prohibited by applicable laws and regulations.
Appears in 1 contract
Sources: 1997 Recognition and Retention Plan and Trust Agreement (Gs Financial Corp)