Common use of Incentive Stock Option Limitation Clause in Contracts

Incentive Stock Option Limitation. Pursuant to section 422(d) of the Code, to the extent the aggregate Fair Market Value of shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year under all plans of the Bank and its subsidiaries exceeds $100,000, such Options shall be treated as Nonqualified Stock Options and (the Bank shall designate which Options will be treated as Nonqualified Stock Options).

Incentive Stock Option Limitation. Pursuant to section 422(d) of the Code, to the extent the aggregate Fair Market Value of shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year under all plans of the Bank Company and its subsidiaries exceeds $100,000, such Options options shall be treated as Nonqualified Stock Options and (the Bank Company shall designate which Options options will be treated as Nonqualified Stock Options).

Incentive Stock Option Limitation. Pursuant to section 422(d) of the Code, to the extent the aggregate Fair Market Value of shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year under all plans of the Bank and its subsidiaries Company exceeds $100,000, such Options shall be treated as Nonqualified Stock Options and (the Bank Company shall designate which Options will be treated as Nonqualified Stock Options).

Incentive Stock Option Limitation. Pursuant to section Section 7.2 of the Plan and Section 422(d) of the Code, to the extent the aggregate Fair Market Value fair market value of shares of Common Stock stock with respect to which Incentive Stock Options are the Option (together with any other incentive stock options of the Company and its subsidiaries) is exercisable for the first time by the Participant Optionee during any calendar year under all plans of the Bank and its subsidiaries exceeds $100,000, the portion of the Option representing such Options excess shall not be treated as Nonqualified an Incentive Stock Options Option and (the Bank shall designate which Options will instead be treated as a Nonqualified Stock Options)Option under the Plan.

Incentive Stock Option Limitation. Pursuant to section 422(d) of the CodeCode and the applicable provision of the PRC, to the extent the aggregate Fair Market Value of shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year under all plans of the Bank Company and its subsidiaries exceeds $100,000, such Options options shall be treated as Nonqualified Stock Options and (the Bank Company shall designate which Options options will be treated as Nonqualified Stock Options).

Incentive Stock Option Limitation. Pursuant to section 422(d) of the Code, to the extent the aggregate Fair Market Value of shares of Common Stock with respect to which Incentive Stock Options incentive stock options are exercisable for the first time by the Participant Optionee during any calendar year under all plans of the Bank Company and its subsidiaries exceeds $100,000, such Options options shall be treated as Nonqualified Stock Options and non-qualified stock options (according to the Bank shall designate order in which Options will be treated as Nonqualified Stock Optionsthey were granted).

Incentive Stock Option Limitation. Pursuant to section 422(d) of the Code, to To the extent that the aggregate Fair Market Value (determined at the time of shares grant) of Common Stock Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant any Optionee during any calendar year (under all plans of the Bank Company and its subsidiaries Affiliates) exceeds the limitation imposed by Section 422 of the Code (currently $100,000), the Options or portions thereof which exceed such Options limit (according to the order in which they were granted) shall be treated as Nonqualified Stock Options and (the Bank shall designate which Options will be treated as Nonqualified Non-Qualified Stock Options).