Designation of Option as an Incentive Stock Option or a Non-Qualified Stock Option. The Committee will designate at the time an Option is granted whether the Option is to be treated as an Incentive Stock Option or a Non-Qualified Stock Option. In the absence, however, of any such designation, such Option shall be treated as a Non-Qualified Stock Option.
Appears in 6 contracts
Samples: 2023 Stock Incentive Plan (Universal Corp /Va/), Universal Corp /Va/, Universal Corp /Va/
Designation of Option as an Incentive Stock Option or a Non-Qualified Stock Option. The Committee Board will designate at the time an Option is granted whether the Option is to be treated as an Incentive Stock Option or a Non-Qualified Stock Option. In the absence, however, of any such designation, such Option shall be treated as a Non-Qualified Stock Option.
Appears in 3 contracts
Samples: Southern National Bancorp of Virginia Inc, Southern Community Financial Corp., Eagle Financial Services Inc
Designation of Option as an Incentive Stock Option or a Non-Qualified Stock Option. The Committee will designate at the time an Option is granted whether the Option is to be treated as an Incentive Stock Option or a Non-Qualified Stock Option. In the absence, however, of any such designation, such Option option shall be treated as a Non-Qualified Stock Option.
Appears in 1 contract
Samples: Community Financial Corp /De/
