Employee Status. In the event that the terms of any Option provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Board may decide in each case to what extent leaves of absences for governmental or military service, illness, temporary disability, or other reason shall not be deemed interruptions of continuous employment.
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Samples: Stock Option Plan (Cordia Bancorp Inc), Stock Option Plan (First Bankshares, Inc.), Incentive Plan (Central Virginia Bankshares Inc)
Employee Status. In 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 Option provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Board may decide in each case to what extent leaves of absences absence for governmental or military service, illness, temporary disability, or other reason reasons shall not be deemed interruptions of continuous employment.
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Employee Status. In the event that the terms of any Option provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Board may decide in each case to what extent leaves loaves of absences absence for governmental or military service, illness, temporary disability, or other reason shall not be deemed interruptions of continuous employment.
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