Common use of Shares Subject to Plan Clause in Contracts

Shares Subject to Plan. Upon the exercise of any Option, the Company shall deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,000, subject to the adjustment as provided in Article XII. If an Option is cancelled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: Stock Option Plan (New Peoples Bankshares Inc)

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Shares Subject to Plan. Upon the exercise of any Option, the Company shall may deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,000, 190,000 subject to the adjustment as provided in Article XII. If an Option is cancelled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: Incentive Plan (Central Virginia Bankshares Inc)

Shares Subject to Plan. Upon the exercise of any Option, the Company shall deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,000400,000, subject to the adjustment as provided in Article XII. If an Option is cancelled canceled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: 2000 Stock Option Plan (Eastern Virginia Bankshares Inc)

Shares Subject to Plan. Upon the exercise of any Option, the Company shall deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,000100,000, subject to the adjustment as provided in Article XII. If an Option is cancelled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: Stock Option Plan (Cordia Bancorp Inc)

Shares Subject to Plan. Upon the exercise of any Option, the Company shall may deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,00075,000, subject to the adjustment as provided in Article XII. If an Option is cancelled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: Incentive Plan (Mid Atlantic Community Bankgroup Inc)

Shares Subject to Plan. Upon the exercise of any Option, the Company shall deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,000100,000, subject to the adjustment as provided in Article XII. If an Option is cancelled canceled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: Stock Option Plan (First Bankshares, Inc.)

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Shares Subject to Plan. Upon the exercise of any Option, the Company shall deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,00045,000, subject to the adjustment as provided in Article XII. If an Option is cancelled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: Stock Option Plan (Independent Community Bankshares Inc)

Shares Subject to Plan. Upon the exercise of any Option, the Company shall may deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,000, 199,500 subject to the adjustment as provided in Article XII. If an Option is cancelled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: Incentive Plan (Central Virginia Bankshares Inc)

Shares Subject to Plan. Upon the exercise of any Option, the Company shall may deliver to the Participant authorized but unissued shares of Common Stock. The maximum aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Options under this Plan is 900,000, 95,000 subject to the adjustment as provided in Article XII. If an Option is cancelled by mutual agreement of the Company and a Participant or terminated, in whole or in part, for any reason other than its exercise, the number of shares of Common Stock allocated to the Option or portion thereof may be reallocated to other Options to be granted under this Plan.

Appears in 1 contract

Samples: Incentive Plan (Central Virginia Bankshares Inc)

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