Common use of Acceleration of Option Exercise Clause in Contracts

Acceleration of Option Exercise. Subject to Section 3.3 and following the third anniversary of the opening of the Bank, upon dissolution or liquidation of the Bank, any merger or combination in which the Bank is not a surviving corporation, or sale of substantially all of the assets of the Bank is involved, or upon any Change of Control, the Optionee shall have the right to exercise the Option thereafter in whole or in part, notwithstanding the provisions of Section 4.2(b) hereof and the provisions of Section 5.3 of the Plan, to the extent that the Option shall not have been exercised prior thereto.

Acceleration of Option Exercise. Subject to Section 3.3 and following the third anniversary of the opening of the Bank3.3, upon dissolution or liquidation of the Bank, any merger or combination in which the Bank is not a surviving corporation, or sale of substantially all of the assets of the Bank is involved, or upon any Change of Control, the Optionee shall have the right to exercise the Option thereafter in whole or in part, notwithstanding the provisions of Section 4.2(b) hereof and the provisions of Section 5.3 of the Plan, to the extent that the Option shall not have been exercised prior thereto.

Acceleration of Option Exercise. Subject to Section 3.3 and following the third anniversary of the opening of the Bank4.3, upon dissolution or liquidation of the Bank, any merger or combination in which the Bank is not a surviving corporation, or sale of substantially all of the assets of the Bank is involved, or upon any Change of Control, the Optionee shall have the right to exercise the his Option thereafter in whole or in part, part notwithstanding the provisions of Section 4.2(b) hereof and the provisions of Section 5.3 of the Planhereof, to the extent that the Option it shall not have been exercised prior theretoexercised.