Common use of Form of Distribution Clause in Contracts

Form of Distribution. All distributions of Plan Shares, together with any shares representing stock dividends, shall be distributed in the form of Common Shares. No fractional shares shall be distributed. Payments representing cash dividends, returned capital and earnings thereon shall be made in cash.

Appears in 13 contracts

Sources: Recognition and Retention Plan and Trust Agreement (Columbia Financial of Kentucky Inc), Recognition and Retention Plan (Market Financial Corp), Recognition and Retention Plan and Trust Agreement (Ohio State Financial Services Inc)