Common use of Purpose of the Option Clause in Contracts

Purpose of the Option. One of the purposes of the Plan is to advance the interests of the Bank and its affiliates (collectively the "Bank") by stimulating the efforts of full-time salaried employees and officers on behalf of the Bank by granting them financial participation in the progress and success of the Bank.

Appears in 1 contract

Samples: Stock Option Agreement (Western Sierra Bancorp)

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Purpose of the Option. One of the purposes of the Plan is to advance the interests of the Bank and its affiliates (collectively the "Bank") by stimulating the efforts of directors, full-time salaried employees and officers on behalf of the Bank and its affiliates (collectively the "Bank"), by granting them financial participation in the progress and success of the Bank.

Appears in 1 contract

Samples: Stock Option Agreement (Western Sierra Bancorp)

Purpose of the Option. One of the purposes of the Plan is to advance the interests of the Bank and its affiliates (collectively the "Bank") by stimulating the efforts of directors, officers and full-time salaried employees and officers on behalf of the Bank by granting them financial participation in the progress process and success of the Bank.

Appears in 1 contract

Samples: Stock Option Agreement (Community Bancorp Inc)

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Purpose of the Option. One of the purposes of the Plan is to advance the interests of the Bank and its affiliates Affiliates (collectively the "Bank") by stimulating the efforts of full-time salaried officers and employees and officers on behalf of the Bank by granting them financial participation in the progress and success of the Bank.

Appears in 1 contract

Samples: Stock Option Agreement (Western Sierra Bancorp)

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