Prudential Bancorp, Inc. of Pennsylvania (PBIP)

PBIP » Topics » Options to be Granted.

This excerpt taken from the PBIP DEF 14A filed Nov 26, 2008.
Options to be Granted. The Board of Directors of Prudential Bancorp adopted the Stock Option Plan, and the committee established thereunder intends to meet promptly after approval by shareholders to determine the specific terms of options, including the allocation of options to executive officers, employees and non-employee directors of Prudential Bancorp and Prudential Savings Bank.  At the present time, no specific determination has been made as to allocation of grants.  The committee is also considering awarding options to certain non-executive officers and employees of Prudential Savings Bank.  However, under the terms of the Settlement Agreement, Prudential Bancorp agreed to engage an independent benefits consulting firm to assist the committee in administering the Stock Option Plan as well as in determining the level of grants thereunder.

 
The Board of Directors recommends that you vote FOR adoption of the 2008 Stock Option Plan.


PROPOSAL TO ADOPT THE 2008 RECOGNITION AND
RETENTION PLAN AND TRUST AGREEMENT (Proposal Two)

General

On November 19, 2008, the Board of Directors adopted the 2008 Recognition and Retention Plan and Trust Agreement, the objective of which is to enable Prudential Bancorp to provide officers, employees and non-employee directors of Prudential Bancorp and Prudential Savings Bank with a proprietary interest in Prudential Bancorp and as an incentive to contribute to our success.  Officers, employees and non-employee directors of Prudential Bancorp and Prudential Savings Bank who are selected by the Board of Directors of Prudential Bancorp or members of a committee appointed by the Board will be eligible to receive benefits under the Recognition and Retention Plan.  If shareholder approval is obtained, shares are expected to be granted to officers, employees and non-employee directors as determined by the committee or the Board of Directors.

Description of the Recognition and Retention Plan

The following description of the Recognition and Retention Plan is a summary of its terms and is qualified in its entirety by reference to the Recognition and Retention Plan, a copy of which is attached hereto as Appendix B.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki