Common use of Cash Out of Stock Options Clause in Contracts

Cash Out of Stock Options. As provided in Section 2.01 of the Merger Agreement, LSB and/or LSB Bank will terminate and pay the Executive for her options to purchase shares of LSB stock within 10 days of the Effective Time.

Cash Out of Stock Options. As provided in Section 2.01 of the Merger Agreement, LSB and/or LSB Bank will terminate and pay the Executive for her his options to purchase shares of LSB stock within 10 days of the Effective Time.