Gxxxx xx Option. Corporation hereby grants to Participant the right to purchase eight thousand five hundred (8,500) shares of Stock (the "Option Shares") at a price of ($12.88) per Option Share (the "Option Price"), in accordance with the terms of this Agreement and the Plan (the "Option"). The Committee, exercising good faith, has determined that the Option Price is equal to at least one hundred percent (100%) of the fair market value of a share of Stock on the date hereof. The Option is not intended by the parties hereto to be, and shall not be treated as, an incentive stock option (as such term is defined under section 422 of the Internal Revenue Code of 1986 (the "Code")).
Appears in 1 contract
Samples: Stock Option Agreement (Community Financial Group Inc)
Gxxxx xx Option. Corporation hereby grants to Participant the right to purchase eight thousand five hundred (8,500) shares of Stock (the "Option Shares") at a price of ($12.8813.894) per Option Share (the "Option Price"), in accordance with the terms of this Agreement and the Plan (the "Option"). The Committee, exercising good faith, has determined that the Option Price is equal to at least one hundred percent (100%) of the fair market value of a share of Stock on the date hereof. The Option is not intended by the parties hereto to be, and shall not be treated as, an incentive stock option (as such term is defined under section 422 of the Internal Revenue Code of 1986 (the "Code")).
Appears in 1 contract
Samples: Stock Option Agreement (Community Financial Group Inc)
Gxxxx xx Option. Corporation hereby grants to Participant the right to purchase eight twenty-five thousand five hundred (8,50025,000) shares of Stock (the "Option Shares") at a price of ($12.8812.60) per Option Share (the "Option Price"), in accordance with the terms of this Agreement and the Plan (the "Option"). The Committee, exercising good faith, has determined that the Option Price is equal to at least one hundred percent (100%) of the fair market value of a share of Stock on the date hereof. The Option is not intended by the parties hereto to be, and shall not be treated as, an incentive stock option (as such term is defined under section 422 of the Internal Revenue Code of 1986 (the "Code")).
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Community Financial Group Inc)
Gxxxx xx Option. Corporation hereby grants to Participant the right to purchase eight five thousand five hundred (8,5005,000) shares of Stock (the "Option Shares") at a price of ($12.8811.625) per Option Share (the "Option Price"), in accordance with the terms of this Agreement and the Plan (the "Option"). The Committee, exercising good faith, has determined that the Option Price is equal to at least one hundred percent (100%) of the fair market value of a share of Stock on the date hereof. The Option is not intended by the parties hereto to be, and shall not be treated as, an incentive stock option (as such term is defined under section 422 of the Internal Revenue Code of 1986 (the "Code")).
Appears in 1 contract
Samples: Stock Option Agreement (Community Financial Group Inc)
Gxxxx xx Option. Corporation hereby grants to Participant the right to purchase eight five thousand five hundred (8,5005,000) shares of Stock (the "Option Shares") at a price of ($12.8814.75) per Option Share (the "Option Price"), in accordance with the terms of this Agreement and the Plan (the "Option"). The Committee, exercising good faith, has determined that the Option Price is equal to at least one hundred percent (100%) of the fair market value of a share of Stock on the date hereof. The Option is not intended by the parties hereto to be, and shall not be treated as, an incentive stock option (as such term is defined under section 422 of the Internal Revenue Code of 1986 (the "Code")).
Appears in 1 contract
Samples: Stock Option Agreement (Community Financial Group Inc)