Schedule of Rights to Exercise. Percentage of Total Shares Awarded Which Are Date Options Non-forfeitable ---- ------- ---------------
Schedule of Rights to Exercise. Twenty-five percent (25%) after one year from the date of grant; fifty percent (50%) after two years; seventy-five percent (75%) after three years; and one hundred percent (100%) after four years.
Schedule of Rights to Exercise. The Options shall vest and become exercisable fully on the Initial Vesting Date and shall expire at 5:30 P.M. Houston, Texas time, on April 21, 2004. The Initial Vesting Date shall mean the later of (i) the date the Plan is approved by the Company's shareholders or (ii) the date that the Company's Market Capitalization, as hereinafter defined, is at least $25,000,000. The period during which the Options may be exercised is referred to as the Option Exercise Period. To the extent that the Options become exercisable, they shall be called "Vested Options."
Schedule of Rights to Exercise. All of the Options shall be fully vested and exercisable as of the Date of Grant specified in Exhibit A.
Schedule of Rights to Exercise. This option shall be ------------------------------ exercisable, in whole or in part, immediately on the date of grant.
Schedule of Rights to Exercise. A. Notwithstanding anything herein to the contrary, except in the event of the death or Disability of the Optionee or a Change in Control of the Company, a minimum of six months must elapse between the date of grant of an option and the date of sale of the Common Stock received through the exercise of such Option.
B. Upon death, all Options shall be exercisable by the Beneficiary for the remaining term of such Options.
C. Upon Disability, all Options shall be exercisable for the remaining term of such Options.
D. Upon the retirement or termination of service of a Director or Director Emeritus, absent death or Disability, such options shall remain exercisable for a period of one year from such date of termination of service.
Schedule of Rights to Exercise. Date Options Percentage of Total Shares Awarded Which Are Exercisable/ Non-forfeitable
A. Such Options awarded to the Optionee are intended to satisfy the requirements of (incentive stock options( ((ISOs() within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. In the event that the Fair Market Value of the Common Stock subject to such grant to the Optionee exceeds $100,000 per vesting event, then the excess of each installment shall be deemed non statutory stock options (not qualifying as ISOs).
B. Options awarded to the Optionee shall continue to vest annually during such period that he serves as an employee, director or director emeritus of Roma Bank (the (Bank() or the Company.
C. Notwithstanding anything herein to the contrary, in no event shall any Options granted herein be exercisable for a period of six months from the Date of Grant, except in the event of the death or Disability of the Optionee or a Change in Control of the Company. Upon the death or Disability of the Optionee or a Change in Control, all such Options shall be immediately 100% vested and exercisable.
D. Upon termination of service for any reason, other than Disability or death, such Options shall cease to be exercisable three months from the date of termination of employment.
E. Upon Disability, all Options shall be deemed immediately exercisable for a period not to exceed one year from such date of Disability.
F. Upon death, all Options shall be immediately exercisable by the estate for two years from the date of death, not to exceed initial option term.
Schedule of Rights to Exercise. As of the last day of each calendar quarter following the Date of Grant, or as soon as administratively feasible thereafter, the Committee (excluding any members at such time not qualifying as an “outside director” under Section 162(m) of the Internal Revenue Code of 1986, as amended), shall review the performance criteria established as of the Date of Grant to determine and to certify if such performance criteria has been met in whole or in part. To the extent that such performance criteria has been satisfied, the applicable portion of such Awards shall become first earned and non-forfeitable and one-fourth of such Award shall be first exercisable as of the date of attainment of such performance criteria and one-fourth of such Award will be first exercisable annually thereafter; provided that the recipient remains an employee of the Company or the Bank on the date of such future vesting events. Upon grant: __________ 0 0 As of the date the performance targets are first attained on or prior to December 31, 2013: 25 _________ As of 1 year following attainment of the performance target: 50 _________ As of 2 years following attainment of the performance target: 75 _________ As of 3 years following attainment of the performance target: 100 _________ *NOTES:
A. Such Options granted shall be considered incentive stock options, that being options that qualify as “incentive stock options” (“ISOs”) within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). If such Options to be awarded in whole, or in part, are to be “ISOs” then, in no event shall the aggregate Fair Market Value (determined as of the Grant Date) of all Shares with respect to which ISOs are first exercisable by the Optionee in any calendar year under any plan of the Company exceed $100,000; and any amount in excess of such ISO limitation shall be deemed not qualifying as ISO options. Such $100,000 limitation will be verified at the time that such Options are deemed first exercisable.
B. Upon termination of service as an employee of the Company and the Bank, absent Disability or death of the Award recipient, such Options then exercisable shall continue to be exercisable and shall cease to be exercisable three months from the date of such complete termination of service; provided that such exercisability will cease upon the Option holder commencing an employment, directorship, advisory or consulting relationship with a financial services enterprise (including but ...
Schedule of Rights to Exercise. Date Percentage of Total Stock ---- Options Awarded Which Are Non-forfeitable --------------- ________________ ____, _______ 20% ________________ ____, _______ 40% ________________ ____, _______ 60% ________________ ____, _______ 80% ________________ ____, _______ 100% Notwithstanding any provisions in this Section 2, in no event shall this Option be exercisable prior to one year following the date of grant, except in the event of death, retirement or Permanent and Total Disability of the Optionee. These Options shall be 100% vested and exercisable upon the death or disability of the Optionee, or upon a Change in Control of the Company.
Schedule of Rights to Exercise. Percentage of Shares Subject to Option Which Date of Vesting of Option May Be Exercised ------------------------- ----------------------- January 27, 1996 .
