Common use of Stock Restriction Agreement Clause in Contracts

Stock Restriction Agreement. The Corporation shall not be required to --------------------------- issue or deliver any share of Common Stock upon the exercise of any option granted under the 1992 Plan until the Optionee, or the holder of the option becomes a signatory to a stock restriction agreement with respect to all of his or her Common Stock, including all shares presently owned or hereinafter acquired. This Agreement will be substantially in the form of Exhibit "A" attached hereto.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Hudson Valley Holding Corp), Non Statutory Stock Option Agreement (Holcombe Marie A), Non Statutory Stock Option Agreement (Hudson Valley Holding Corp)

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Stock Restriction Agreement. The Corporation shall not be required to --------------------------- issue or deliver any share of Common Stock upon the exercise of any option granted under the 1992 Plan until the Optionee, or the holder of the option becomes a signatory to a stock restriction agreement with respect to all of his n or her Common Stock, including all shares presently owned or hereinafter acquired. This Agreement will be substantially in the form of Exhibit "A" attached hereto.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Hudson Valley Holding Corp)

Stock Restriction Agreement. The Corporation shall not be required to --------------------------- issue or deliver any share of Common Stock upon the exercise of any option Stock Option granted under the 1992 Plan until the Optionee, or the holder of the option Stock Option becomes a signatory to a stock restriction agreement (the "Stock Restriction Agreement") with respect to all of his or her Common Stock, including all shares presently owned or hereinafter acquired. This Stock Restriction Agreement will be substantially in the form of Exhibit "A" attached hereto.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Hudson Valley Holding Corp)

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Stock Restriction Agreement. The Corporation shall not be required to --------------------------- issue or deliver any share of Common Stock upon the exercise of any option Stock Option granted under the 1992 Plan until the Optionee, or the holder of the option Stock Option becomes a signatory to a stock restriction agreement (the “Stock Restriction Agreement”) with respect to all of his or her Common Stock, including all shares presently owned or hereinafter acquired. This Stock Restriction Agreement will be substantially in the form of Exhibit "A" attached hereto.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Hudson Valley Holding Corp)

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