Common use of COMPLIANCE WITH RULE 16B Clause in Contracts

COMPLIANCE WITH RULE 16B. 3. With respect to persons subject to Section 16 of the 1934 Act, transactions under this Article IV are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the 1934 Act. To the extent any provision of this Article IV or action by the Board or the Committee fails so to comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee.

Appears in 1 contract

Samples: Non Employee Director Stock Option Plan (Fauquier Bankshares Inc)

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COMPLIANCE WITH RULE 16B. 3. With respect to persons subject to Section 16 of the 1934 Act, transactions under this Article IV VI are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the 1934 Act. To the extent any provision of this Article IV VI or action by the Board or the Committee fails so to comply, it shall be deemed null and void, to is the extent permitted by law and deemed advisable by the Committee.

Appears in 1 contract

Samples: Non Employee Director Stock Option Plan (Fauquier Bankshares Inc)

COMPLIANCE WITH RULE 16B. 3. With respect to persons ----------- -------------------------- subject to Section 16 of the 1934 Act, transactions under this Article IV are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the 1934 Act. To the extent any provision of this Article IV or action by the Board or the Committee fails so to comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (BNC Bancorp)

COMPLIANCE WITH RULE 16B. 3. With respect to persons ----------- -------------------------- subject to Section 16 of the 1934 Act, transactions under this Article IV V are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the 1934 Act. To the extent any provision of this Article IV V or action by the Board or the Committee fails so to comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (BNC Bancorp)

COMPLIANCE WITH RULE 16B. 3. With respect to persons subject to Section 16 of the 1934 Act, transactions under this Article IV V are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the 1934 Act. To the extent any provision of this Article IV V or action by the Board or the Committee fails so to comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee.

Appears in 1 contract

Samples: Non Employee Director Stock Option Plan (Fauquier Bankshares Inc)

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COMPLIANCE WITH RULE 16B. 3. With respect to persons ------------ -------------------------- subject to Section 16 of the 1934 Act, transactions under this Article IV III are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the 1934 Act. To the extent any provision of this Article IV III or action by the Board or the Committee fails so to comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (BNC Bancorp)

COMPLIANCE WITH RULE 16B. 3. With respect to persons subject to Section 16 of the 1934 Act, transactions under this Article IV III are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the 1934 Act. To the extent any provision of this Article IV III or action by the Board or the Committee fails so to comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee.

Appears in 1 contract

Samples: Non Employee Director Stock Option Plan (Fauquier Bankshares Inc)

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