Common use of Optionee Bound by Plan Clause in Contracts

Optionee Bound by Plan. The Optionee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions of the Plan, as in effect on the date hereof and as it may be amended from time to time in accordance with its terms, all of which terms and provisions are incorporated herein by reference. If there shall be any inconsistency between the terms and provisions of the Plan, as in effect from time to time, and those of this Agreement, the terms and provisions of the Plan, as in effect from time to time, shall control.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (National Penn Bancshares Inc), Stock Option Agreement (National Penn Bancshares Inc), Stock Option Agreement (National Penn Bancshares Inc)

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Optionee Bound by Plan. The Optionee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions of the Plan, as in effect on the date hereof and as it may be amended from time to time in accordance with its terms, all of which terms and provisions are incorporated herein by reference. If there shall be any inconsistency between the terms and provisions of the Plan, as in effect from time to time, and those of this Agreement, the terms and provisions of the Plan, as in effect from time to time, shall control.

Appears in 1 contract

Samples: Stock Option Agreement (National Penn Bancshares Inc)

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