Amounts Dependent on Earnings. Subject to the provisions of the first sentence of Section 3.2 of the Agreement, if the Earnings AGR for the Calculation Year applicable to an Anniversary Date equals or exceeds six percent (6%), Grantee may, on and after such Anniversary Date, exercise the Option with respect to that percentage of the Anniversary Date Option Amount that corresponds to the Earnings AGR in the following chart. Anniversary Date Option Earnings AGR Amount That May Be Exercised ------------ ---------------------------- 6% 10% 7% 20% 8% 30% 9% 40% 10% 50%
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Samples: Option Agreement (Mercantile Bankshares Corp), Option Agreement (Mercantile Bankshares Corp), Option Agreement (Mercantile Bankshares Corp)
Amounts Dependent on Earnings. Subject to the provisions of the ----------------------------- first sentence of Section 3.2 of the Agreement, if the Earnings AGR for the Calculation Year applicable to an Anniversary Date equals or exceeds six percent (6%), Grantee may, on and after such Anniversary Date, exercise the Option with respect to that percentage of the Anniversary Date Option Amount that corresponds to the Earnings AGR in the following chart. Anniversary Date Option Earnings AGR Amount That May Be Exercised ------------ ---------------------------- 6% 10% 7% 20% 8% 30% 9% 40% 10% 50%.
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Amounts Dependent on Earnings. Subject to the provisions of the first sentence of Section 3.2 of the Agreement, if the Earnings AGR for the Calculation Year applicable to an Anniversary Date equals or exceeds six percent (6%), Grantee may, on and after such Anniversary Date, exercise the Option with respect to that percentage of the Anniversary Date Option Amount that corresponds to the Earnings AGR in the following chart. Anniversary Date Option Earnings AGR Amount That May Be Exercised ------------ ---------------------------- 6% 10% 7% 20% 8% 30% 9% 40% 10% 50%
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Amounts Dependent on Earnings. Subject to the provisions of the first ----------------------------- sentence of Section 3.2 of the Agreement, if the Earnings AGR for the Calculation Year applicable to an Anniversary Date equals or exceeds six percent (6%), Grantee may, on and after such Anniversary Date, exercise the Option with respect to that percentage of the Anniversary Date Option Amount that corresponds to the Earnings AGR in the following chart. Anniversary Date Option Earnings AGR Amount That May Be Exercised ------------ ---------------------------- 6% 10% 7% 20% 8% 30% 9% 40% 10% 50%.
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