Period of Option and Limitations on Right to Exercise. The Nonqualified Stock Option granted hereby will, to the extent not previously exercised, lapse at 5:00 p.m., Central Time, on the day immediately prior to the fifth anniversary of the date of grant (the "Expiration Date") unless sooner terminated in whole or in part as follows:
Appears in 24 contracts
Samples: Stock Option Agreement (Community Bancshares Inc /De/), Nonqualified Stock Option Agreement (Community Bancshares Inc /De/), Nonqualified Stock Option Agreement (Community Bancshares Inc /De/)