Expiration and Termination of Option. This Option will expire upon the close of business on the Expiration Date and may terminate earlier upon certain events as set forth in Section 4 of this Option. To the extent that this Option has not been exercised prior to the Expiration Date or any earlier termination, all further rights to purchase shares pursuant to this Option will cease and terminate at such time.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Premierwest Bancorp), Nonqualified Stock Option Agreement (Premierwest Bancorp)
Expiration and Termination of Option. This The Option will expire upon the close of business on the Expiration Date and may terminate earlier upon certain events as set forth in Section 4 of this OptionNonqualified Stock Option Agreement. To the extent that this the Option has not been exercised prior to the Expiration Date or any earlier termination, all further rights to purchase shares pursuant to this the Option will cease and terminate at such time.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Umpqua Holdings Corp), Nonqualified Stock Option Agreement (Umpqua Holdings Corp)
