Deferral of Exercise. Although Bank Mutual intends to exert its best efforts so that the shares purchasable upon the exercise of this Option will be registered under, or exempt from the registration requirements of the federal Securities Act of 1933 and any applicable state securities law at the time the Option first becomes exercisable, if the exercise of this Option or any part of it would otherwise result in the violation by Bank Mutual of any provision of the Act or of any state securities law, Bank Mutual may require that such exercise be deferred until Bank Mutual has taken appropriate action to avoid any such violation.
Appears in 7 contracts
Samples: Director Stock Option Agreement (Bank Mutual Corp), Incentive Stock Option Agreement (Bank Mutual Corp), Incentive Stock Option Agreement (Bank Mutual Corp)
