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 (“Plans”) shall be converted into options to acquire the number of shares of common stock of the Holding Company that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Exchange on the same terms and conditions as set forth in the Plans.

Stock Option and Other Plans. At the Effective Time, all outstanding options under the Bank’s 's existing stock option plans (“"Plans”") shall be converted into options to acquire the number of shares of common stock of the Holding Company that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Exchange on the same terms and conditions as set forth in the Plans.

Stock Option and Other Plans. At the Effective Time, all outstanding options under the Bank’s existing stock option plans (“Plans”) shall be converted into options to acquire the number of shares of common stock of the Holding Company that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Exchange on substantially the same terms and conditions as set forth in the Plans.

Stock Option and Other Plans. At the Effective Time, all outstanding options under the Bank’s 's existing stock option plans (“"Plans”") shall be converted into options to acquire the number of shares of common stock of the Holding Company that the holders of such options were entitled to acquire of Bank Stock immediately prior to the Exchange on the same terms and conditions as set forth in the Plansplans.