Common use of Option Grant and Exercise Period Clause in Contracts

Option Grant and Exercise Period. Pursuant to Section 5(a) of the Employment Agreement between the Corporation and the Optionee dated as of the date hereof (the “Employment Agreement”), as an inducement material to the Optionee’s entering into employment with the Corporation, the Corporation hereby grants to the Optionee a Non-Qualified Stock Option ("Option") to purchase an aggregate of 300,000 shares (the "Option Shares") of the common stock of the Corporation ("Common Stock") at the price of $11.35 per share (the "Exercise Price"). This Option shall be exercisable only during the period (the "Exercise Period") commencing on the dates set forth in Section 2 below, and ending at 5:00 p.m., Chula Vista, California time, on the date 10 years after the Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," subject to earlier vesting and earlier expiration in the event of a Termination of Service, as and to the extent provided in Section 5.

Option Grant and Exercise Period. Pursuant to Section 5(a) of the Employment Agreement between by and among n the Corporation Corporation, Pacific Trust Bank and the Optionee dated as of the date hereof (the “Employment Agreement”), as an inducement material to the Optionee’s entering into employment with the Corporation, the Corporation hereby grants to the Optionee a Non-Qualified Stock Option ("“Option"”) to purchase an aggregate of 300,000 50,000 shares (the "“Option Shares"”) of the common stock of the Corporation ("“Common Stock"”) at the price of $11.35 $ per share (the "“Exercise Price"”). This Option shall be exercisable only during the period (the "“Exercise Period"”) commencing on the dates set forth in Section 2 below, and ending at 5:00 p.m., Chula Vista, California timePacific Standard Time, on the date 10 years after the Grant Date, such later time and date being hereinafter referred to as the "“Expiration Date," ” subject to earlier vesting and earlier expiration in the event of a Termination of ServiceService or in the event that Optionee’s employment is terminated prior to the Commencement Date (as defined in the Employment Agreement), as and to the extent provided in Section 5.

Option Grant and Exercise Period. Pursuant to Section 5(a) of the Employment Agreement between by and among n the Corporation Corporation, Pacific Trust Bank and the Optionee dated as of the date hereof (the “Employment Agreement”), as an inducement material to the Optionee’s entering into employment with the Corporation, the Corporation hereby grants to the Optionee a Non-Qualified Stock Option ("Option") to purchase an aggregate of 300,000 65,000 shares (the "Option Shares") of the common stock of the Corporation ("Common Stock") at the price of $11.35 ___ per share (the "Exercise Price"). This Option shall be exercisable only during the period (the "Exercise Period") commencing on the dates set forth in Section 2 below, and ending at 5:00 p.m., Chula Vista, California time, on the date 10 years after the Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," subject to earlier vesting and earlier expiration in the event of a Termination of ServiceService or in the event that Optionee’s employment is terminated prior to the Commencement Date (as defined in the Employment Agreement), as and to the extent provided in Section 5.

Option Grant and Exercise Period. Pursuant to Section 5(a) of the Employment Agreement between by and among the Corporation Corporation, Pacific Trust Bank and the Optionee dated as of the date hereof (the “Employment Agreement”), as an inducement material to the Optionee’s entering into employment with the Corporation, the Corporation hereby grants to the Optionee a Non-Qualified Stock Option ("“Option"”) to purchase an aggregate of 300,000 80,000 shares (the "“Option Shares"”) of the common stock of the Corporation ("“Common Stock"”) at the price of $11.35 14.48 per share (the "“Exercise Price"”). This Option shall be exercisable only during the period (the "“Exercise Period"”) commencing on the dates set forth in Section 2 below, and ending at 5:00 p.m., Chula Vista, California timePacific Standard Time, on the date 10 years after the Grant Date, such later time and date being hereinafter referred to as the "“Expiration Date," ” subject to earlier vesting and earlier expiration in the event of a Termination of ServiceService or in the event that Optionee’s employment is terminated prior to the Commencement Date (as defined in the Employment Agreement), as and to the extent provided in Section 5.