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: Cordia Bancorp Inc, First Bankshares, Inc., Central Virginia 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: 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
