Common use of Intended to be an Incentive Stock Option Clause in Contracts

Intended to be an Incentive Stock Option. This option is intended to qualify as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, and the provisions hereof shall be construed consistent with that intent. While it is intended that this option be treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, the Company does not guarantee such treatment. If or to the extent, for any reason, this option is not treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, this option shall nevertheless continue to otherwise be fully effective according to its terms and the applicable terms of the Plan and shall be regarded as a Non-Qualified Stock Option under the Plan. To evidence their agreement to the terms and conditions of this option, the Company and the Employee have signed this Agreement as of the date first above written. ACCESS NATIONAL CORPORATION By: ----------------------------------------- Name: Its: EMPLOYEE: By: ----------------------------------------- NOTICE OF EXERCISE Access National Corporation 1800 Robert Fulton Drive, Suite 300 Reston, Virginia 20191 Attentxxx: Xxxxxxxxx I hereby exercise my option pursuant to that certain Incentive Stock Option Agreement dated ______________, subject to all of the terms and conditions of the said Stock Option Agreement, and hereby notify you of my election to purchase the following stated number of shares ("Shares") of the common stock of Access National Corporation (the "Company"), as indicated below at the following stated option price per share.

Intended to be an Incentive Stock Option. This option is intended to qualify as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, and the provisions hereof shall be construed consistent with that intent. While it is intended that this option be treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, the Company does not guarantee such treatment. If or to the extent, for any reason, this option is not treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, this option shall nevertheless continue to otherwise be fully effective according to its terms and the applicable terms of the Plan and shall be regarded as a Non-Qualified Stock Option under the Plan. To evidence their agreement to the terms and conditions of this option, the Company and the Employee have signed this Agreement as of the date first above written. ACCESS NATIONAL CORPORATION By: ----------------------------------------- Name: -------------------------------------------------- Its: ------------------------------------------------- EMPLOYEE: By: ----------------------------------------- -------------------------------------------------- NOTICE OF EXERCISE Access National Corporation 1800 Robert Fulton Drive, Suite 300 Reston, Virginia 20191 Attentxxx: Xxxxxxxxx I hereby exercise my option pursuant to that certain Incentive Stock Option Agreement dated _________________________, subject to all of the terms and conditions of the said Stock Option Agreement, and hereby notify you of my election to purchase the following stated number of shares ("Shares") of the common stock of Access National Corporation (the "Company"), as indicated below at the following stated option price per share. Number of Shares - ____ Option Price per Share - $____ Total Option Price -$___ If this Notice of Exercise involves fewer than all of the common stock which are subject to option under the said Stock Option Agreement, I retain the right to exercise my option for the balance of the shares remaining subject to option, all in accordance with the terms of the said Stock Option Agreement.

Intended to be an Incentive Stock Option. This option is intended to qualify as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, and the provisions hereof shall be construed consistent with that intent. While it is intended that this option be treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, the Company does not guarantee such treatment. If or to the extent, for any reason, this option is not treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, this option shall nevertheless continue to otherwise be fully effective according to its terms and the applicable terms of the Plan and shall be regarded as a Non-Qualified Stock Option under the Plan. To evidence their agreement to the terms and conditions of this option, the Company and the Employee have signed this Agreement as of the date first above written. ACCESS NATIONAL CORPORATION By: ----------------------------------------- Name: -------------------------------------------- Its: ------------------------------------------- EMPLOYEE: By: ----------------------------------------- -------------------------------------------- NOTICE OF EXERCISE Access National Corporation 1800 Robert Fulton Drive, Suite 300 Reston, Virginia 20191 Attentxxx: Xxxxxxxxx I hereby exercise my option pursuant to that certain Incentive Stock Option Agreement dated _________________________, subject to all of the terms and conditions of the said Stock Option Agreement, and hereby notify you of my election to purchase the following stated number of shares ("Shares") of the common stock of Access National Corporation (the "Company"), as indicated below at the following stated option price per share.

Intended to be an Incentive Stock Option. This option is intended to qualify as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, and the provisions hereof shall be construed consistent with that intent. While it is intended that this option be treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, the Company does not guarantee such treatment. If or to the extent, for any reason, this option is not treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, this option shall nevertheless continue to otherwise be fully effective according to its terms and the applicable terms of the Plan and shall be regarded as a Non-Qualified Stock Option under the Plan. To evidence their agreement to the terms and conditions of this option, the Company and the Employee have signed this Agreement as of the date first above written. ACCESS NATIONAL CORPORATION By: ----------------------------------------- ------------------------------------------------ Name: Its: EMPLOYEE: By: ----------------------------------------- ------------------------------------------------ NOTICE OF EXERCISE Access National Corporation 1800 Robert Fulton Drive, Suite 300 Reston, Virginia 20191 Attentxxx: Xxxxxxxxx I hereby exercise my option pursuant to that certain Incentive Stock Option Agreement dated ______________, subject to all of the terms and conditions of the said Stock Option Agreement, and hereby notify you of my election to purchase the following stated number of shares ("Shares") of the common stock of Access National Corporation (the "Company"), as indicated below at the following stated option price per share. Number of Shares -____ Option Price per Share - $____Total Option Price -$____ If this Notice of Exercise involves fewer than all of the common stock which are subject to option under the said Stock Option Agreement, I retain the right to exercise my option for the balance of the shares remaining subject to option, all in accordance with the terms of the said Stock Option Agreement.