Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “Option”) to purchase, pursuant to the MB Financial, Inc. Second Amended and Restated Omnibus Incentive Plan (as the same may from time to time be amended, the “Plan”), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _____ shares (the “Option Shares”) of the Common Stock, par value $.01 per share (“Common Stock”), of the Company at the price (the “Exercise Price”) of $____ per share. A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the “Exercise Period”) commencing on [ ] and ending at 5:00 p.m., Chicago, Illinois time, on [ ], such later time and date being hereinafter referred to as the “Expiration Date.” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option for tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Mb Financial Inc /Md)
Option Grant and Exercise Period. The Company Corporation hereby grants to the Optionee an Incentive Stock Option (the “"Option”") to purchase, pursuant to the MB FinancialCorporation's 2005 Re-Designated, Inc. Second Amended and Restated Omnibus Employee Stock Incentive Plan (Plan, as the same may be from time to time be amended, amended (the “"Plan”"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of ______ shares (the “"Option Shares”") of the Common Stock, par value $.01 per share (“"Common Stock”"), of the Company Corporation at the price (the “"Exercise Price”") of $______ per share. A copy of the Plan, as currently in effect, is incorporated herein by reference, reference and either is attached hereto or has been delivered previously to the Optioneehereto. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed assigned to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this This Option shall be exercisable only during the period (the “"Exercise Period”") commencing on [ ] the dates set forth below and ending at 5:00 p.m., ChicagoLa Jolla, Illinois California time, on [ ]the date ten years after Grant Date, such later time and date being hereinafter referred to as the “"Expiration Date.” Subject ," subject to Sections Section 5 and 8 below. Except as provided in Section 7 below, this Option shall vest and become exercisable according to the following schedule: During the Exercise Period, to only the extent vested, vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to the condition that the aggregate Fair Market Value (as defined in the Plan and as determined as of the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). In To the event extent that this Option Option, or any portion thereof fails to part hereof, does not qualify as an Incentive Stock Option for any reason whatsoeverreason, this Option or such portion thereof it shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be become a Non-Qualified Stock Option for tax purposesunder the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Itla Capital Corp)
Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “Option”) to purchase, pursuant to the MB FinancialGreat Southern Bancorp, Inc. Second Amended and Restated 2022 Omnibus Incentive Plan (as the same may from time to time be amended, the “Plan”), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _____ «Shares» shares (the “Option Shares”) of the Common Stock, par value $.01 per share (“Common Stock”), of the Company at the price (the “Exercise Price”) of $____ «Grant_Price» per share. A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the “Exercise Period”) commencing on [ ] the date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., Chicago, Illinois Central time, on [ ]«Expiration_Date», such later time and date being hereinafter referred to as the “Expiration Date.” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option for tax purposes.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Great Southern Bancorp, Inc.)
Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “this "Option”") to purchase, pursuant to the MB Financial, Inc. Second Amended and Restated Omnibus Incentive Plan (as the same may from time to time be amended, the “"Plan”"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _________ shares (the “"Option Shares”") of the Common Stock, par value $.01 per share (“"Common Stock”"), of the Company at the price (the “Exercise Price”) of $_______ per shareshare (the "Exercise Price"). A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the “"Exercise Period”") commencing on [ ] _________________ and ending at 5:00 p.m., Chicago, Illinois time, on [ ]___________________, such later time and date being hereinafter referred to as the “"Expiration Date.” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: " During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option for tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Mb Financial Inc /Md)
Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “"Option”") to purchase, pursuant to the MB FinancialGreat Southern Bancorp, Inc. Second Amended and Restated 2018 Omnibus Incentive Plan (as the same may from time to time be amended, the “"Plan”"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _____ [•] shares (the “"Option Shares”") of the Common Stock, par value $.01 per share (“"Common Stock”"), of the Company at the price (the “"Exercise Price”") of $____ [•] per share. A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the “"Exercise Period”") commencing on [ [date] and ending at 5:00 p.m., Chicago, Illinois Central time, on [ [date], such later time and date being hereinafter referred to as the “"Expiration Date.” " Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s 's termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option for tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Great Southern Bancorp, Inc.)
Option Grant and Exercise Period. The Company hereby grants Corporation has granted to the Optionee an Option (the “Option”) to purchase, pursuant to the MB Financial, Inc. Second Amended Plan and Restated Omnibus Incentive Plan (as the same may from time to time be amended, the “Plan”), and upon the terms and conditions therein and hereinafter set forththis Agreement, an aggregate of _____ shares (the “Option Shares”) of the Common Stockcommon stock of the Corporation, par value $.01 per share (“Common Stock”), of the Company at the price of $per share (the “Exercise Price”) of $____ per share). A copy of the Plan, as currently in effect, is incorporated herein by reference, reference and either is attached hereto or has been delivered previously to the Optioneethis Agreement. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this This Option shall be exercisable only during the period (the “Exercise Period”) commencing on [ ] (the “Commencement Date”), and ending at 5:00 p.m., ChicagoLafayette, Illinois Indiana time, on [ ]the date ten years after the Commencement Date, such later time and date being hereinafter referred to as the “Expiration Date.” Subject to Sections 5 and 8 below, this Option This option shall vest and become exercisable according to the following schedule: [INSERT VESTING SCHEDULE] During the Exercise Period, to only the extent vested, vested portion of this Option shall be exercisable in whole at any time or in part from time to time time, subject to the provisions of this Agreement, and further subject to the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). In To the event extent that this Option or any portion thereof fails to does not qualify as an Incentive Stock Option for any reason whatsoeverreason, this Option or such portion thereof it shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be become a Non-Qualified Stock Option for tax purposesunder the Plan. In the event of the death or disability (total or partial) of the Optionee, the Committee shall, with the consent of the Optionee, accelerate the vesting of this Option, which may cause a portion of the Option to lose its status as an Incentive Stock Option.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (LSB Financial Corp)
Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “"Option”") to purchase, pursuant to the MB FinancialSouthern Missouri Bancorp, Inc. Second Amended and Restated 2017 Omnibus Incentive Plan (as the same may from time to time be amended, the “"Plan”"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _____ shares (the “"Option Shares”") of the Common Stock, par value $.01 per share (“"Common Stock”"), of the Company at the price (the “"Exercise Price”") of $____ per share. A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the “"Exercise Period”") commencing on [ ] and ending at 5:00 p.m., Chicago, Illinois Central time, on [ ], such later time and date being hereinafter referred to as the “"Expiration Date.” " Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s 's termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option for tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Southern Missouri Bancorp, Inc.)
Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “Option”) to purchase, pursuant to the MB Financial, Inc. Second Amended and Restated BayCom Corp 2024 Omnibus Incentive Plan (as the same may from time to time be amended, the “Plan”), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _____ «Shares» shares (the “Option Shares”) of the Common Stock, no par value $.01 per share (“Common Stock”), of the Company at the price (the “Exercise Price”) of $____ «Exercise_Price» per share. A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the “Exercise Period”) commencing on [ ] the date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., Chicago, Illinois Pacific time, on [ ]«Expiration_Date», such later time and date being hereinafter referred to as the “Expiration Date.” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem be deemed to be a Non-Qualified Stock Option for tax purposes.
Appears in 1 contract
Option Grant and Exercise Period. The Company Corporation, which is the successor by merger to First Ashland Financial Corporation, hereby grants to the Optionee an Option (the “"Option”") to purchase, pursuant to the MB FinancialFirst Ashland Financial Corporation 1995 Stock Option and Incentive Plan, Inc. Second Amended and Restated Omnibus Incentive Plan (as the same may be from time to time be amended, amended (the “"Plan”"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _________ shares (the “"Option Shares”") of the Common Stockcommon stock, par value $.01 1.00 per share of the Corporation (“"Common Stock”"), of the Company at the exercise price (the “Exercise Price”) of $_____ per shareshare (the "Exercise Price"). A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this This Option shall be exercisable only during the period (the “"Exercise Period”") commencing on [ ] __________ __, 200_ and ending at 5:00 p.m., Chicago, Illinois timeEastern Time, on [ ]the date _____ years after the Grant Date, such later time and date being hereinafter referred to as the “"Expiration Date.” Subject to Sections 5 and 8 below, this Option ," provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This option shall vest and become exercisable according to the following schedule: - 20% of the initial Option award amount on __________ __, ____ - 20% of the initial Option award amount on __________ __, ____ - 20% of the initial Option award amount on __________ __, ____ - 20% of the initial Option award amount on __________ __, ____ - 20% of the initial Option award amount on __________ __, ____ During the Exercise Period, to only the extent vested, vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). In To the event extent that this Option or any portion thereof fails to does not qualify as an Incentive Stock Option for any reason whatsoeverreason, this Option or such portion thereof it shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be become a Non-Qualified Stock Option for tax purposesunder the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Camco Financial Corp)
Option Grant and Exercise Period. The Company Corporation hereby grants to the Optionee an Option (the “Option”) to purchase, pursuant to the MB FinancialCorporation’s 1995 Employee Stock Incentive Plan, Inc. Second Amended and Restated Omnibus Incentive Plan (as the same may be from time to time be amended, amended (the “Plan”), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _____ Number of Shares Granted shares (the “Option Shares”) of the Common Stock, par value $.01 per share (“Common Stock”), of the Company Corporation at the price (the “Exercise Price”) of $____ Exercise price per share. A copy of the Plan, Plan as currently in effect, is incorporated herein by reference, reference and either is attached hereto or has been delivered previously to the Optioneehereto. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this This Option shall be exercisable only during the period (the “Exercise Period”) commencing on [ ] Commencement Date and ending at 5:00 p.m., ChicagoLa Jolla, Illinois California time, on [ ]the date ten years after date of Award under the Plan (the “Grant Date”), such later time and date being hereinafter referred to as the “Expiration Date.,” Subject provided the Optionee has continued to Sections 5 and 8 below, this Option serve as an employee of the Corporation since the Grant Date. This option shall vest and become exercisable according to the following schedule: 1st Vesting Date 1/3 of Award 2nd Vesting Date 1/3 of Award 3rd Vesting Date 1/3 of Award During the Exercise Period, to only the extent vested, vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to the condition that the aggregate Fair Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). In To the event extent that this Option Option, or any portion thereof fails to part thereof, does not qualify as an Incentive Stock Option for any reason whatsoeverreason, this Option or such portion thereof it shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be become a Non-Qualified Stock Option for tax purposesunder the Plan.
Appears in 1 contract
Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “"Option”") to purchase, pursuant to the MB FinancialLegacyTexas Financial Group, Inc. Second Amended and Restated 2017 Omnibus Incentive Plan (as the same may from time to time be amended, the “"Plan”"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _____ shares (the “"Option Shares”") of the Common Stock, par value $.01 per share (“"Common Stock”"), of the Company at the price (the “"Exercise Price”") of $____ per share. A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the “"Exercise Period”") commencing on [ ] and ending at 5:00 p.m., Chicago, Illinois Central time, on [ ], such later time and date being hereinafter referred to as the “"Expiration Date.” " Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s 's termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option for tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (LegacyTexas Financial Group, Inc.)
Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “this "Option”") to purchase, pursuant to the MB Financial, Inc. Second Amended and Restated 1997 Omnibus Incentive Plan (Plan, as the same may from time to time be amended, amended (the “"Plan”"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of __________ shares (the “"Option Shares”") of the Common Stock, par value $.01 per share (“"Common Stock”"), of the Company at the price (the “Exercise Price”) of $_______ per shareshare (the "Exercise Price"). A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 belowwith respect to the death of the Optionee, this Option shall be exercisable only during the period (the “"Exercise Period”") commencing on [ ] ____________ and ending at 5:00 p.m., Chicago, Illinois time, on [ ]_______________, such later time and date being hereinafter referred to as the “"Expiration Date.” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: " During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s 's termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disabilitydeath), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option for tax purposes.. ISO-1 Next Page
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Mb Financial Inc /Md)
Option Grant and Exercise Period. The Company hereby grants to the Optionee an Option (the “Option”) to purchase, pursuant to the MB FinancialGreat Southern Bancorp, Inc. Second Amended and Restated 2022 Omnibus Incentive Plan (as the same may from time to time be amended, the “Plan”), and upon the terms and conditions therein and hereinafter set forth, an aggregate of _____ «Shares» shares (the “Option Shares”) of the Common Stock, par value $.01 per share (“Common Stock”), of the Company at the price (the “Exercise Price”) of $____ «Grant_Price» per share. A copy of the Plan, as currently in effect, is incorporated herein by reference, and either is attached hereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the “Exercise Period”) commencing on [ ] the date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., Chicago, Illinois Central time, on [ ]«Expiration_Date», such later time and date being hereinafter referred to as the “Expiration Date.” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: During the Exercise Period, to the extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement. In the event this Option or any portion thereof fails to qualify as an Incentive Stock Option for any reason whatsoever, this Option or such portion thereof shall automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option for tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Great Southern Bancorp, Inc.)