Acceleration Upon a Change in Control. In the event of a Change in Control all Incentive Stock Options held by a Participant as of the date of the Change in Control shall immediately become exercisable and shall remain exercisable until the expiration of the term of the Incentive Stock Options. Any Option originally designated as an Incentive Stock Option shall be treated as a Non-Statutory Stock Option to the extent the Option does not otherwise qualify as an Incentive Stock Option pursuant to Section 422 of the Code.
Appears in 2 contracts
Samples: First Bancorp of Indiana Inc, First Bancorp of Indiana Inc
Acceleration Upon a Change in Control. In the event of a Change in Control all Incentive Stock Options held by a Participant as of the date of the a Change in Control shall immediately become exercisable and shall remain exercisable until the expiration of the term of the Incentive Stock OptionsOption. Any Option originally designated as an Incentive Stock Option shall be treated as a Non-Statutory Stock Option to the extent the Option which, by operation of this provision, does not otherwise qualify as an Incentive Stock Option pursuant to meet the requirements of Section 422 of the Code, shall be considered a Non-statutory Stock Option.
Appears in 1 contract
Samples: Pulaski Bancorp Inc
Acceleration Upon a Change in Control. In the event of a Change in --------------------------------------- Control all Incentive Stock Options held by a Participant as of the date of the Change in Control shall immediately become exercisable and shall remain exercisable until the expiration of the term of the Incentive Stock OptionsOptions regardless of termination of employment or service. Any Option originally designated as an Incentive Stock Option shall be treated as a Non-Statutory Stock Option to the extent the Option does not otherwise qualify as an Incentive Stock Option pursuant to Section 422 of the Code.
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Acceleration Upon a Change in Control. In the event of a Change in --------------------------------------- Control all Incentive Stock Options held by a Participant as of the date of the Change in Control shall immediately become exercisable and shall remain exercisable until the expiration of the term of the Incentive Stock Options. Any Option originally designated as an Incentive Stock Option shall be treated as a Non-Statutory Stock Option to the extent the Option does not otherwise qualify as an Incentive Stock Option pursuant to Section 422 of the Code.
Appears in 1 contract
Samples: First Capital Inc