Common use of Date of Grant of Option Clause in Contracts

Date of Grant of Option. Which May Be Exercised ----------------------- ---------------------- Upon Grant ____% 1 year but less than 2 years ____% 2 years but less than 3 years ____% 3 years or more ____%

Appears in 5 contracts

Samples: Non Incentive Stock Option Agreement (Peoples Banctrust Co Inc), Incentive Stock Option Agreement (Peoples Banctrust Co Inc), Non Incentive Stock Option Agreement (Iberiabank Corp)

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