Amendment of Section. 3. The first sentence in Section 3 shall be amended in the entirety to read as follows: This option may be exercised by written notice delivered to the Bank stating the number of shares with respect to which this option is being exercised, together with the purchase price in cash or subject to applicable law, with Bank common stock previously acquired by the optionee and held by the optionee for a period of at least six months.
Appears in 15 contracts
Samples: Non Qualified Stock Option Agreement (Plumas Bancorp), Incentive Stock Option Agreement (Plumas Bancorp), Non Qualified Stock Option Agreement (Plumas Bancorp)
