Form of Distribution. All Plan Shares, together with any shares representing stock dividends, shall be distributed in the form of Common Stock. One share of Common Stock shall be given for each Plan Share earned and payable. Payments representing accumulated cash dividends and cash or other distributions (and earnings thereon) shall be made in cash or in the form of such non-cash distributions.
Appears in 11 contracts
Sources: Recognition and Retention Plan and Trust Agreement (Union Community Bancorp), Recognition and Retention Plan and Trust Agreement (Citizens Bancorp), Recognition and Retention Plan and Trust Agreement (Union Community Bancorp)
Form of Distribution. All Plan Shares, together with any shares representing stock dividends, shall be distributed in the form of Common Stock. One share of Common Stock shall be given for each Plan Share earned and payableearned. Payments representing accumulated cash dividends and cash or other distributions (and earnings earning thereon) shall be made in cash or in the form of such non-cash distributionscash.
Appears in 3 contracts
Sources: Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co), Management Stock Bonus Plan and Trust Agreement (Thistle Group Holdings Co), Management Recognition Plan and Trust Agreement (First Colorado Bancorp Inc)
Form of Distribution. All Plan Shares, together with any shares representing stock dividends, shall be distributed in the form of Common Stock. One share of Common Stock shall be given for each Plan Share earned and payable. Payments representing accumulated cash dividends and cash or other distributions (and earnings thereon) shall be made in cash or in the form of such non-cash distributions.
Appears in 3 contracts
Sources: Recognition and Retention Plan (Reliance Bancshares Inc), Management Recognition Plan and Trust Agreement (Mercer Insurance Group Inc), Management Recognition Plan and Trust Agreement (Old Guard Group Inc)
Form of Distribution. All Plan Shares, together with any shares representing stock dividends, shall be distributed in the form of Common Stock. One share of Common Stock shall be given for each Plan Share earned and payable. Payments representing accumulated cash dividends and cash or other distributions (and earnings thereon) shall be made in cash or in the form of such non-cash distributionscash.
Appears in 2 contracts
Sources: Recognition and Retention Plan (Guaranty Federal Bancshares Inc), Recognition and Retention Plan and Trust Agreement (Three Rivers Financial Corp)
Form of Distribution. All Plan Shares, together with any shares -------------------- representing stock dividends, shall be distributed in the form of Common Stock. One share of Common Stock shall be given for each Plan Share earned and payable. Payments representing accumulated cash dividends and cash or other distributions (and earnings earning thereon) shall be made in cash or in the form of such non-cash distributionscash.
Appears in 2 contracts
Sources: Outside Directors' Recognition and Retention Plan (Harbor Florida Bancorp Inc), Recognition and Retention Plan (Harbor Florida Bancorp Inc)
Form of Distribution. All Plan Shares, together with any shares representing stock dividends, shall be distributed in the form of Common Stock. One share of Common Stock shall be given for each Plan Share earned and payable. Payments representing accumulated cash dividends and cash or other distributions (and earnings earning thereon) shall be made in cash or in the form of such non-cash distributionscash.
Appears in 2 contracts
Sources: Recognition and Retention Plan and Trust Agreement (Camden National Corp), Recognition and Retention Plan and Trust Agreement (First Federal Bankshares Inc)