Common use of Stock Option and Other Plans Clause in Contracts

Stock Option and Other Plans. At the Effective Time, all outstanding options under the Bank's existing stock option plans (the "Plans") shall be converted into options to acquire the number of shares of Holding Company Stock that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Share Exchange on the same terms and conditions as set forth in the Plans and the agreements issued pursuant to the Plans. The Holding Company shall file a registration statement on Form S-8 covering all shares of Holding Company Stock issuable with respect to existing stock options under the Plans no later than ten days after the Closing Date, and the Holding Company shall cause such registration statement to become effective and remain effective for as long as such options are outstanding.

Stock Option and Other Plans. At the Effective Time, all outstanding options under the Bank's existing stock option plans (the "Plans") shall be converted into options to acquire the number of shares of Holding Company Stock that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Share Exchange on the same terms and conditions as set forth in the Plans and the agreements issued pursuant to the Plans. The Holding Company shall file a registration statement on Form S-8 covering all shares of Holding Company Stock issuable with respect to existing stock options under the Plans no later than ten days after as soon as practicable following the Closing DateEffective Time, and the Holding Company shall cause such registration statement to become effective and remain effective for as long as such options are outstanding.

Stock Option and Other Plans. At the Effective Time, all outstanding options under the Bank's ’s existing stock option plans (the "“Plans"”) shall be converted into options to acquire the number of shares of Holding Company Stock that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Share Exchange Reorganization on the same terms and conditions as set forth in the Plans and the agreements issued pursuant to the Plans. The Holding Company shall file a registration statement on Form S-8 covering all shares of Holding Company Stock issuable with respect to existing stock options under the Plans no later than ten days after as soon as practicable following the Closing DateEffective Time, and the Holding Company shall cause such registration statement to become effective and remain effective for as long as such options are outstanding.

Stock Option and Other Plans. At the Effective Time, all ---------------------------- outstanding options under the Bank's existing stock option plans (the "Plans") shall be converted into options to acquire the number of shares of Holding Company Stock that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Share Exchange on the same terms and conditions as set forth in the Plans and the agreements issued pursuant to the Plans. The Holding Company shall file a registration statement on Form S-8 covering all shares of Holding Company Stock issuable with respect to existing stock options under the Plans no later than ten days after the Closing Date, and the Holding Company shall cause such registration statement to become effective and remain effective for as long as such options are outstanding.

Stock Option and Other Plans. At the Effective Time, all outstanding options under the Bank's existing stock option plans (the "Plans") shall be converted into options to acquire the number of shares of Holding Company Stock that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Share Exchange on the same terms and conditions as set forth in the Plans and the agreements issued pursuant to the Plans. The Holding Company shall file a registration statement on Form S-8 covering all shares of Holding Company Stock issuable with respect to existing stock options under the Plans no later than ten days after the Closing Date, and the Holding Company shall cause such registration statement to become effective then and remain effective for as long as such options are outstanding.

Stock Option and Other Plans. At the Effective Time, all outstanding options under the Bank's ’s existing stock option plans (the "“Plans"”) shall be converted into options to acquire the number of shares of Holding Company Stock that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Share Exchange on the same terms and conditions as set forth in the Plans and the agreements issued pursuant to the Plans. The Holding Company shall file a registration statement on Form S-8 covering all shares of Holding Company Stock issuable with respect to existing stock options under the Plans no later than ten days after the Closing Date, and the Holding Company shall cause such registration statement to become effective then and remain effective for as long as such options are outstanding.