Common use of Participation in Stock Plans Clause in Contracts

Participation in Stock Plans. The Executive shall be eligible to participate in any stock-based compensation, incentive, bonus, or purchase plans existing on the date of this Employment Agreement or adopted during the term of this Employment Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Southern Community Financial Corp), Employment Agreement (Bank of Wilmington CORP), Employment Agreement (Southern Community Financial Corp)

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Participation in Stock Plans. The Executive shall be eligible to participate in any the Employer’s stock option plans and other stock-based compensation, incentive, bonus, or purchase plans existing on the date of this Employment Agreement or adopted during the term of this Employment Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Paragon Commercial CORP), Employment Agreement (First South Bancorp Inc /Va/), Employment Agreement (BNC Bancorp)

Participation in Stock Plans. The Executive shall be eligible to participate in any stock option plans and other stock-based compensation, incentive, bonus, or purchase plans existing on the date of this Employment Agreement or adopted during the term of this Employment Agreement.

Appears in 2 contracts

Samples: Merger Agreement (AB&T Financial CORP), Merger Agreement (1st Financial Services CORP)

Participation in Stock Plans. The Executive shall be eligible to participate in any stock-based compensation, incentive, bonus, or purchase plans existing on the date of this Employment Agreement or adopted during the term of this Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Cape Fear Bank CORP)

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Participation in Stock Plans. The In addition to the stock award described above, the Executive shall be eligible to participate in any stock-based compensation, incentive, bonus, or purchase stock incentive plans existing on adopted by the date Company for executives at his level of this Employment Agreement or adopted during employment subject to the term terms and conditions of this Employment Agreementany such plans.

Appears in 1 contract

Samples: Executive Employment Agreement (Quest Resource Corp)

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