Employee Status. For purposes of determining the applicability of Section 422 of the Code (relating to Incentive Stock Options), or in the event that the terms of any Grant provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee may decide to what extent leaves of absence for governmental or military service, illness, temporary Disability, or other reasons shall not be deemed interruptions of continuous employment.
Appears in 11 contracts
Samples: 2023 Stock Incentive Plan (Universal Corp /Va/), Universal Corp /Va/, SportsQuest, Inc.
Employee Status. For purposes of determining the applicability of Section 422 of the Code (relating to Incentive Stock Options), or in the event that the terms of any Grant provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee may decide to what extent leaves of absence for governmental or military service, illness, temporary Disabilitydisability, or other reasons shall not be deemed interruptions of continuous employment.
Appears in 9 contracts
Samples: Landamerica Financial Group Inc, Open Plan (Open Plan Systems Inc), Open Plan (Open Plan Systems Inc)
Employee Status. For purposes of determining the applicability of Section 422 of the Code (relating to Incentive Stock Optionsincentive stock options), or in the event that the terms of any Grant provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee may decide to what extent leaves of absence for governmental or military service, illness, temporary Disabilitydisability, or other reasons shall not be deemed interruptions of continuous employment.
Appears in 3 contracts
Samples: Virginia First Financial Corp, Universal Corp /Va/, Universal Corp /Va/
Employee Status. For purposes of determining the applicability of Section 422 of the Code (relating to Incentive Stock Optionsincentive stock options), or in the event that the terms of any Grant provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee Board may decide to what extent leaves of absence for governmental or military service, illness, temporary Disabilitydisability, or other reasons shall not be deemed interruptions of continuous employment.
Appears in 3 contracts
Samples: Southern National Bancorp of Virginia Inc, Eagle Financial Services Inc, Southern Community Financial Corp.
Employee Status. For purposes of determining the applicability of Section 422 422A of the Code (relating to Incentive Stock Optionsincentive stock options), or in the event that the terms of any Grant Option provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee may decide in each case to what extent leaves of absence for governmental or military service, illness, temporary Disabilitydisability, or other reasons shall not be deemed interruptions of continuous employment.
Appears in 2 contracts
Samples: Tredegar Corp, Ethyl Corp
Employee Status. For purposes of determining the applicability of Section Code section 422 of the Code (relating to Incentive Stock Options), incentive stock options) or in the event that the terms of any Grant Option provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee may decide to what extent leaves of absence for governmental or military service, illness, temporary Disability, disability or other reasons shall not be deemed interruptions of continuous employment.
Appears in 1 contract
Samples: Bank of South Carolina Corp
Employee Status. For purposes of determining the applicability of Section 422 of the Code (relating to Incentive Stock Optionsincentive stock options), or in the event that the terms of any Grant Option provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee may decide to what extent leaves of absence for governmental or military service, illness, temporary Disabilitydisability, or other reasons shall not be deemed interruptions of continuous employment.
Appears in 1 contract
Samples: Front Royal Inc
Employee Status. For purposes of determining the applicability of Section 422 of the Code (relating to Incentive Stock Options), or in the event vent that the terms of any Grant provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee may decide to what extent leaves of absence for governmental or military service, illness, temporary Disabilitydisability, or other reasons shall not be deemed interruptions of continuous employment.
Appears in 1 contract
Samples: Community Financial Corp /De/