Maximum SAR Period. The maximum period in which an SAR may be exercised shall be ten years from the date such SAR was granted. The terms of any SAR may provide that it has a term that is less than such maximum period.
Appears in 3 contracts
Samples: Middleburg Financial Corp, Eastern Virginia Bankshares Inc, Middleburg Financial Corp
Maximum SAR Period. The maximum period in which an SAR may be exercised shall be ten 10 years from the date such SAR was granted. The terms of any SAR may provide that it has a term that is less than such maximum period.
Appears in 3 contracts
Samples: Incentive Plan (Village Bank & Trust Financial Corp.), Village Bank & Trust Financial Corp., Village Bank & Trust Financial Corp.
