Maximum Option Period. The maximum period in which an Option may be exercised shall be ten years from the date such Option was granted. The terms of any Option may provide that it has a term that is less than such maximum period.
Appears in 2 contracts
Samples: Middleburg Financial Corp, Middleburg Financial Corp
Maximum Option Period. The maximum period in which an Option may be exercised shall be ten years from the date such Option was granted. The terms of any Option may provide that it has a term that is less than such maximum period.. The term of exercisability of any option may not be extended or renewed except as may be permitted by Code Section 409A.
Appears in 1 contract
Samples: Eastern Virginia Bankshares Inc
Maximum Option Period. The maximum period in term during which an Option may be exercised shall be determined by the Board; provided, however, that in no event shall an Option be exercisable more than ten (10) years from the date such Option was it is granted. The terms of any Option may provide that it has a term that is less than such maximum period.
Appears in 1 contract
Samples: 1 (Juliana Mining Co Inc)
