Option Grant and Exercise Period. The Corporation hereby grants to the Optionee an Incentive Stock Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended and Restated Employee Stock Incentive Plan, as the same may be from time to time 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 Corporation at the price (the "Exercise Price") of $______ per share. A copy of the Plan, as currently in effect, is incorporated herein by reference and is attached hereto. Capitalized terms used but not defined in this Agreement shall have the meanings assigned to them in the Plan. 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., La Jolla, California time, on the date ten years after Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," subject to Section 5 below. Except as provided in Section 7 below, this Option shall vest and become exercisable according to the following schedule: Date of Vesting Amount of Initial Award Vested During the Exercise Period, only the 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). To the extent that this Option, or any part hereof, does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Itla Capital Corp)
Option Grant and Exercise Period. The Corporation hereby grants to the Optionee an Incentive Stock Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended 1997 Stock Option and Restated Employee Stock Incentive Plan, as the same may be from time to time amended (the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of of______ shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation at the price (the "Exercise Price") of $______ per share. A copy of the Plan, Plan as currently in effect, effect is incorporated herein by reference and is attached hereto. Capitalized terms used but not defined in this Agreement shall have the meanings assigned to them in the Plan. This Option shall be exercisable only during the period (the "Exercise Period") commencing on the dates set forth below on______ __, 19__ and ending at 5:00 p.m., La JollaLawrenceville, California Illinois time, on the date ten years after the Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," subject to Section 5 belowprovided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. Except as provided in Section 7 below, this This Option shall vest and become exercisable according to the following schedule: Date 2,500 of Vesting Amount the Option Shares on April 28, 1997 2,500 of Initial Award Vested the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 During the Exercise Period, only the 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 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). The Market Value of an Option Share on the date of grant of this Option is $_______. To the extent that this Option, or any part hereof, Option does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Hbancorporation Inc)
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the this "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedMB Financial, Inc. Amended and Restated Employee Stock Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation 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 reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This Except as set forth in Section 5 below, 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., La JollaChicago, California Illinois time, on the date ten years after Grant Date___________________, such later time and date being hereinafter referred to as the "Expiration Date,." subject to Section 5 below. Except as provided in Section 7 below, this Option shall vest and become exercisable according to the following schedule: Date of Vesting Amount of Initial Award Vested During the Exercise Period, only the 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 . In 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). To the extent that event this Option, Option or any part hereof, does not portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become 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 under the Planfor tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Mb Financial Inc /Md)
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedLegacyTexas Financial Group, Amended and Restated Employee Stock Inc. 2017 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation Company 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 heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 dates set forth below [ ] and ending at 5:00 p.m., La Jolla, California Central 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 Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date of Vesting Amount Cumulative Percentage of Initial Award Vested During the Exercise Period, only to the vested portion of 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, and further subject to . In 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). To the extent that event this Option, Option or any part hereof, does not portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become 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 under the Planfor tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (LegacyTexas Financial Group, Inc.)
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the "“Option"”) to purchase, pursuant to the Corporation's 2005 Re-DesignatedMB Financial, Inc. Second Amended and Restated Employee Stock Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation Company 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 heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 dates set forth below [ ] and ending at 5:00 p.m., La JollaChicago, California Illinois 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 Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date of Vesting Amount Cumulative Percentage of Initial Award Vested During the Exercise Period, only to the vested portion of 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, and further subject to . In 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). To the extent that event this Option, Option or any part hereof, does not portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become 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 under the Planfor tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Mb Financial Inc /Md)
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the "“Option"”) to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended and Restated Employee Stock BayCom Corp 2024 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation 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 reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 dates date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., La Jolla, California Pacific time, on the date ten years after Grant Date«Expiration_Date», such later time and date being hereinafter referred to as the "“Expiration Date," subject .” Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Number of Shares Vesting Amount of Initial Award Vested «Vest_Date1» «Vest1» «Vest_Date2» «Vest2» «Vest_Date3» «Vest3» «Vest_Date4» «Vest4» During the Exercise Period, only to the vested portion of 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, and further subject to . In 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). To the extent that event this Option, Option or any part hereof, does not portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become 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), this Option shall no longer qualify as an Incentive Stock Option but shall be deemed to be a Non-Qualified Stock Option under the Planfor tax purposes.
Appears in 1 contract
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedSouthern Missouri Bancorp, Amended and Restated Employee Stock Inc. 2017 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation Company 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 heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 dates set forth below [ ] and ending at 5:00 p.m., La Jolla, California Central 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 Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date of Vesting Amount Cumulative Percentage of Initial Award Vested During the Exercise Period, only to the vested portion of 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, and further subject to . In 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). To the extent that event this Option, Option or any part hereof, does not portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become 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 under the Planfor tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Southern Missouri Bancorp, Inc.)
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the this "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedMB Financial, Amended and Restated Employee Stock Inc. 1997 Omnibus Incentive Plan, as the same may be 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 Corporation 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 reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This Except as set forth in Section 5 below with respect to the death of the Optionee, 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., La JollaChicago, California Illinois time, on the date ten years after Grant Date_______________, such later time and date being hereinafter referred to as the "Expiration Date,." subject to Section 5 below. Except as provided in Section 7 below, this Option shall vest and become exercisable according to the following schedule: Date of Vesting Amount of Initial Award Vested During the Exercise Period, only the 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 . In 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). To the extent that event this Option, Option or any part hereof, does not portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become 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 with respect to that portion of this Option that is exercisable at time of death), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Plan.for tax purposes. ISO-1 Next Page
Appears in 1 contract
Samples: Incentive Plan Incentive Stock Option Agreement (Mb Financial Inc /Md)
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedGreat Southern Bancorp, Amended and Restated Employee Stock Inc. 2018 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation Company 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 heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 dates set forth below [date] and ending at 5:00 p.m., La Jolla, California Central time, on the date ten years after Grant Date[date], such later time and date being hereinafter referred to as the "Expiration Date,." subject Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date of Vesting Amount Cumulative Percentage of Initial Award Vested During the Exercise Period, only to the vested portion of 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, and further subject to . In 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). To the extent that event this Option, Option or any part hereof, does not portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become 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 under the Planfor tax purposes.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Great Southern Bancorp, Inc.)
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the "“Option"”) to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended and Restated Employee Stock BayCom Corp 2024 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation 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 reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 dates date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., La Jolla, California Pacific time, on the date ten years after Grant Date«Expiration_Date», such later time and date being hereinafter referred to as the "“Expiration Date," subject .” Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Number of Shares Vesting Amount of Initial Award Vested «Vest_Date1» «Vest1» «Vest_Date2» «Vest2» «Vest_Date3» «Vest3» «Vest_Date4» «Vest4» During the Exercise Period, only to the vested portion of 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, 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). To the extent that this Option, or any part hereof, does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.
Appears in 1 contract
Samples: Omnibus Incentive Plan (BayCom Corp)
Option Grant and Exercise Period. The Corporation Corporation, which is the successor by merger to First Ashland Financial Corporation, hereby grants to the Optionee an Incentive Stock Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended First Ashland Financial Corporation 1995 Stock Option and Restated Employee Stock Incentive Plan, as the same may be from time to time 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 Corporation at the exercise price of $_____ per share (the "Exercise Price") of $______ per share). A copy of the Plan, as currently in effect, is incorporated herein by reference and is attached hereto. Capitalized terms used but not defined in this Agreement shall have the meanings assigned to them in the Planreference. This Option shall be exercisable only during the period (the "Exercise Period") commencing on the dates set forth below __________ __, 200_ and ending at 5:00 p.m., La Jolla, California timeEastern Time, on the date ten _____ years after the Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," subject to Section 5 belowprovided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. Except as provided in Section 7 below, this Option This option shall vest and become exercisable according to the following schedule: Date - 20% of Vesting Amount the initial Option award amount on __________ __, ____ - 20% of Initial Award Vested 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, only the 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 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). To the extent that this Option, or any part hereof, Option does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Camco Financial Corp)
Option Grant and Exercise Period. The Corporation hereby grants has granted to the Optionee an Incentive Stock Option (the "“Option"”) to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended Plan and Restated Employee Stock Incentive Plan, as the same may be from time to time 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 Corporation 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 and is attached hereto. Capitalized terms used but not defined in to this Agreement shall have the meanings assigned to them in the PlanAgreement. This Option shall be exercisable only during the period (the "“Exercise Period"”) commencing on (the dates set forth below “Commencement Date”), and ending at 5:00 p.m., La JollaLafayette, California Indiana time, on the date ten years after Grant the Commencement Date, such later time and date being hereinafter referred to as the "“Expiration Date," subject to Section 5 below. Except as provided in Section 7 below, this Option .” This option shall vest and become exercisable according to the following schedule: Date of Vesting Amount of Initial Award Vested [INSERT VESTING SCHEDULE] During the Exercise Period, only the 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 Fair Market Value (as defined in the Plan and as determined as of the Grant Date) of the shares of Common Stock 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). To the extent that this Option, or any part hereof, Option does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under 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. 2.
Appears in 1 contract
Samples: Option and Incentive Plan Incentive Stock Option Agreement (LSB Financial Corp)
Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the "“Option"”) to purchase, pursuant to the Corporation's 2005 Re-DesignatedGreat Southern Bancorp, Amended and Restated Employee Stock Inc. 2022 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation 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 reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 dates date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., La Jolla, California Central time, on the date ten years after Grant Date«Expiration_Date», such later time and date being hereinafter referred to as the "“Expiration Date," subject .” Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Number of Shares Vesting Amount of Initial Award Vested «Vest_Date1» «Vest1» «Vest_Date2» «Vest2» «Vest_Date3» «Vest3» «Vest_Date4» «Vest4» During the Exercise Period, only to the vested portion of 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, 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). To the extent that this Option, or any part hereof, does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.
Appears in 1 contract
Option Grant and Exercise Period. The Corporation hereby grants to the Optionee an Incentive Stock Option (the "“Option"”) to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended and Restated ’s 1995 Employee Stock Incentive Plan, as the same may be from time to time 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 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 and is attached hereto. Capitalized terms used but not defined in this Agreement shall have the meanings assigned to them in the Plan. This Option shall be exercisable only during the period (the "“Exercise Period"”) commencing on the dates set forth below Commencement Date and ending at 5:00 p.m., La Jolla, 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 Section 5 belowserve as an employee of the Corporation since the Grant Date. Except as provided in Section 7 below, this Option This option shall vest and become exercisable according to the following schedule: Amount of Date of Initial Vesting Amount of Initial Award Vested 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, only the 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 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). To the extent that this Option, or any part hereofthereof, does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.
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Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Incentive Stock Option (the "“Option"”) to purchase, pursuant to the Corporation's 2005 Re-DesignatedGreat Southern Bancorp, Amended and Restated Employee Stock Inc. 2022 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (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 Corporation 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 reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 dates date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., La Jolla, California Central time, on the date ten years after Grant Date«Expiration_Date», such later time and date being hereinafter referred to as the "“Expiration Date," subject .” Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Number of Shares Vesting Amount of Initial Award Vested «Vest_Date1» «Vest1» «Vest_Date2» «Vest2» «Vest_Date3» «Vest3» «Vest_Date4» «Vest4» During the Exercise Period, only to the vested portion of 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, and further subject to . In 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). To the extent that event this Option, Option or any part hereof, does not portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become 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), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Planfor tax purposes.
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Samples: Incentive Stock Option Agreement (Great Southern Bancorp, Inc.)