Limitation on Value of Option. (a) Notwithstanding any other provision of this Agreement, this Option may not be exercised (nor Repurchase Consideration paid to a Holder) for a number of shares as would, as of the date of exercise, result in a Notional Total Profit (as defined below) of more than $2,350,000; provided that nothing in this sentence shall restrict any exercise of the Option permitted hereby on any subsequent date, as long as the Notional Total Profit from all such exercises (and Repurchase Consideration paid) does not exceed $2,350,000.
Appears in 4 contracts
Samples: Stock Option Agreement (Sound Federal Bancorp), Agreement and Plan of Merger (Sound Federal Bancorp), Stock Option Agreement (Peekskill Financial Corp)
