Common use of Election to Defer Receipt of Shares Clause in Contracts

Election to Defer Receipt of Shares. The Executive may, at the sole and absolute discretion of the Executive (without any obligation to provide an explanation for the exercise of such discretion), elect to defer the receipt of Shares upon exercise of Options or the vesting of performance or restricted shares, on the following terms and conditions: a) Executive shall: i) not less than six months prior to the vesting of performance shares or restricted shares or the intended date of exercise of any of the Options, as applicable, give written notice (the "Notice") to BOKF that Executive elects to defer the receipt of Shares or the vesting of performance or restricted shares (the "Election"); and/or, ii) on or before March 15, 2005, give written notice (also called a "Notice") to BOKF that Executive elects to defer receipt of some or all of the 2004 Annual Bonus (also called an "Election"). b) Each Notice shall set forth: i) the name of the BOKF Stock Option Plan pursuant to which the Options were awarded, the date on which the Options were awarded (the "Stock Option Award Date"), the number of Shares under option to be exercised; ii) the number of Shares which are performance shares or restricted shares which Executive elects to defer; and iii) the amount of 2004 Annual Bonus which the Executive elects to defer; and, iv) whether the deferral shall be until retirement or until a date, not earlier than five years from the Notice, which executive shall specify in the Notice (the "Deferral Date") c) Executive agrees to use shares of BOKF Common Stock previously owned by him for at least six months to satisfy the exercise price of the Options, rather than the cash or broker assisted exercise methods. d) In the event Executive elects to defer the vesting of performance shares or restricted shares, the Executive shall assign and deliver such shares to BOKF together with the Notice of deferral. e) The Election shall be irrevocable.

Election to Defer Receipt of Shares. The Executive may, at the sole and absolute discretion of the Executive (without any obligation to provide an explanation for the exercise of such discretion), elect to defer the receipt of Shares upon exercise of Options or the vesting of performance or restricted shares, on the following terms and conditions: a) Executive shall: : i) not less than six months prior to the vesting of performance shares or restricted shares or the intended date of exercise of any of the Options, as applicable, give written notice (the "Notice") to BOKF that Executive elects to defer the receipt of Shares or the vesting of performance or restricted shares (the "Election"); and/or, ii) on or before March 15September 30, 20052004, give written notice (also called a "Notice") to BOKF that Executive elects to defer receipt of some or all of the 2004 Annual Bonus (also called an "Election"). b) Each Notice shall set forth: i) the name of the BOKF Stock Option Plan pursuant to which the Options were awarded, the date on which the Options were awarded (the "Stock Option Award Date"), the number of Shares under option to be exercised; ii) the number of Shares which are performance shares or restricted shares which Executive elects to defer; and; iii) the amount of 2004 Annual Bonus which the Executive elects to defer; and, iv) whether the deferral shall be until retirement or until a date, not earlier than five years from the Notice, which executive shall specify in the Notice (the "Deferral Date") c) Executive agrees to use shares of BOKF Common Stock previously owned by him for at least six months to satisfy the exercise price of the Options, rather than the cash or broker assisted exercise methods. d) In the event Executive elects to defer the vesting of performance shares or restricted shares, the Executive shall assign and deliver such shares to BOKF together with the Notice of deferral. e) The Election shall be irrevocable.

Election to Defer Receipt of Shares. The Executive may, at the sole and absolute discretion of the Executive (without any obligation to provide an explanation for the exercise of such discretion), elect to defer the receipt of Shares upon exercise of Options or the vesting of performance or restricted shares, on the following terms and conditions: a) Executive shall: : i) not less than six months prior to the vesting of performance shares or restricted shares or the intended date of exercise of any of the Options, as applicable, give written notice (the "Notice") to BOKF that Executive elects to defer the receipt of Shares or the vesting of performance or restricted shares (the "Election"); and/or, ii) on or before March 15September 30, 20052004, give written notice (also called a "Notice") to BOKF that Executive elects to defer receipt of some or all of the 2004 Annual Bonus (also called an "Election"). b) . Each Notice shall set forth: i) the name of the BOKF Stock Option Plan pursuant to which the Options were awarded, the date on which the Options were awarded (the "Stock Option Award Date"), the number of Shares under option to be exercised; ii) the number of Shares which are performance shares or restricted shares which Executive elects to defer; and; iii) the amount of 2004 Annual Bonus which the Executive elects to defer; and, iv) whether the deferral shall be until retirement or until a date, not earlier than five years from the Notice, which executive shall specify in the Notice (the "Deferral Date"). c) Executive agrees to use shares of BOKF Common Stock previously owned by him for at least six months to satisfy the exercise price of the Options, rather than the cash or broker assisted exercise methods. d) In the event Executive elects to defer the vesting of performance shares or restricted shares, the Executive shall assign and deliver such shares to BOKF together with the Notice of deferral. e) The Election shall be irrevocable.

Election to Defer Receipt of Shares. The If the Employee is eligible to participate in the Huntington Bancshares Incorporated Executive mayDeferred Compensation Plan, at or any successor thereto (the sole "Deferred Compensation Plan"), and absolute discretion the Employee made a timely election to defer RSUs by December 31st of the Executive (without any obligation to provide an explanation for year before the exercise year of such discretion)the Date of Award, elect to the Employee shall defer the receipt of Shares upon exercise of Options or the vesting of performance or restricted shares, on the following terms and conditions: a) Executive shall: i) not less than six months prior relating to the vesting of performance shares or restricted shares or RSUs beyond the intended date of exercise of any of the Options, as applicable, give written notice (Shares otherwise would be payable under this Agreement and under the "Notice") to BOKF that Executive elects rules and procedures established by the Company under the Deferred Compensation Plan. The Employee's election to defer the Restricted Stock Unit Award Agreement receipt of such Shares, to be effective, must have been made on a form provided by the Company that specified the number of Shares or to be deferred and the vesting of performance or restricted shares (distribution date for such Shares. Such form would have allowed the "Election"); and/or, ii) on or before March 15, 2005, give written notice (also called a "Notice") Employee to BOKF that Executive elects elect to defer receipt of some or all of such Shares until the 2004 Annual Bonus earlier of: (also called an "Election"). b) Each Notice shall set forth: i) the name date of the BOKF Stock Option Plan pursuant to which the Options were awardedEmployee's Separation from Service, the date on which the Options were awarded (the "Stock Option Award Date"), the number of Shares under option to be exercised; ii) the number date of Shares which are performance shares the Employee's retirement (as defined under the Deferred Compensation Plan), or restricted shares which Executive elects to defer; and (iii) the amount Employee’s specified date of 2004 Annual Bonus which payment. Elections to defer become irrevocable in accordance with the Executive elects terms of the Deferred Compensation Plan and with Code Section 409A. Notwithstanding anything to defer; and, iv) whether the deferral contrary in this Agreement, Shares will not be issued and the Employee shall be until retirement or until have no voting rights of a date, not earlier than five years from the Notice, which executive shall specify stockholder in the Notice (Company to the "Deferral Date") c) Executive agrees to use shares of BOKF Common Stock previously owned by him for at least six months to satisfy extent that the exercise price of the Options, rather than the cash or broker assisted exercise methods. d) In the event Executive elects Employee has elected to defer the vesting issuance and receipt of performance shares or restricted sharessuch Shares; provided, however, that the Executive Employee shall assign and deliver continue to receive dividend equivalent credits during the period of deferral credited to the RSU Account at such shares to BOKF together with the Notice of deferraltimes as provided in this Agreement. e) The Election shall be irrevocable.

Election to Defer Receipt of Shares. The Executive may, at the sole and absolute discretion of the Executive (without any obligation to provide an explanation for the exercise of such discretion), elect to defer the receipt of Shares upon exercise of Options or the vesting of performance or restricted shares, on the following terms and conditions: a) Executive shall: i) , not less than six months prior to the vesting of performance shares or restricted shares or the intended date of exercise of any of the Options, as applicable, give written notice (the "Notice") to BOKF that Executive elects to defer the receipt of Shares or the vesting of performance or restricted shares (the "Election"); and/or, ii) on or before March 15, 2005, give written notice (also called a "Notice") to BOKF that Executive elects to defer receipt of some or all of the 2004 Annual Bonus (also called an "Election"). b) Each The Notice shall set forth: i) the name of the BOKF Stock Option Plan pursuant to which the Options were awarded, the date on which the Options were awarded (the "Stock Option Award Date"), the number of Shares under option to be exercised; ii) the number of Shares which are performance shares or restricted shares which Executive elects to defer; and iii) the amount of 2004 Annual Bonus which the Executive elects to defer; and, iv) whether the deferral deferred shall be until retirement or until a date, not earlier than five years from the Notice, which executive shall specify in the Notice (the "Deferral Date") c) Executive agrees to use shares of BOKF Common Stock previously owned by him for at least six months to satisfy the exercise price of the Options, rather than the cash or broker assisted exercise methods. d) In the event Executive elects to defer the vesting of performance shares or restricted shares, the Executive shall assign and deliver such shares to BOKF together with the Notice of deferral. e) The Election shall be irrevocable. f) The Executive hereby irrevocably elects to defer Fifty Thousand ($50,000) of the Deferred Bonus due pursuant to Paragraph 3(c)(ii)(A) of that certain Employment Agreement dated August 29, 2003 and designates November 30, 2009 as the Deferral Date. The Executive shall timely pay all FICA taxes due in respect of the Deferred Bonus in cash.