Maximum Option Period. No Option shall be exercisable after the expiration of ten years from the date Option was granted. The Board, at the time of grant, may direct that an Option be exercisable for a period of less than such maximum period.
Appears in 9 contracts
Samples: Stock Option Plan (Cordia Bancorp Inc), Incentive Plan (Central Virginia Bankshares Inc), Stock Option Plan (First Bankshares, Inc.)
Maximum Option Period. No Option shall be exercisable after the expiration of ten years from the date Option was granted. The Board, at the time its Date of grant, may direct that an Option be exercisable for a period of less than such maximum periodGrant.
Appears in 5 contracts
Samples: 1998 Non Employee Director Stock Compensation Plan (C & F Financial Corp), Non Employee Directors' Stock Option Plan (CFW Communications Co), Non Employee Director Stock Option Plan (Fauquier Bankshares Inc)
Maximum Option Period. No Option shall be exercisable after the expiration of ten years from the date the Option was granted. The Board, at terms of any Option not prescribed by the time of grant, Plan may direct provide that an Option be it is exercisable for a period of less than such maximum period.
Appears in 1 contract
Samples: Stock Option Plan (United Dominion Realty Trust Inc)
Maximum Option Period. No Option shall be exercisable after the expiration of ten years from the date the Option was granted. The Board, at the time terms of grant, any Option may direct provide that an Option be it is exercisable for a period of less than such maximum period.. 5
Appears in 1 contract
Samples: 1997 Stock Option Plan (Ocwen Asset Investment Corp)
Maximum Option Period. No Option shall be exercisable after the expiration of ten (10) years from the date Option was granted. The Board, at the time its Date of grant, may direct that an Option be exercisable for a period of less than such maximum periodGrant.
Appears in 1 contract
Samples: Non Employee Director Stock Compensation Plan (Commonwealth Bankshares Inc)
