A Change in Control. In the event of the Participant’s Termination of Service as a Director following a Change in Control, all Options held by the Participant, whether or not exercisable at such time, will become fully exercisable, subject to the expiration provisions otherwise applicable to the Option. A “Change in Control” will be deemed to have occurred as provided in Section 4.2 of the Plan.
Appears in 5 contracts
Samples: Stock Option Agreement (Wolverine Bancorp, Inc.), Stock Option Agreement (Standard Financial Corp.), Stock Option Agreement (Oconee Federal Financial Corp.)
