Surrender of Agreement. In the event the Option shall be exercised in whole, this Agreement shall be surrendered to CIBM for cancellation. In the event the Option shall be exercised in part, or a change in the number or designation of the Common Stock shall be made, this Agreement shall be delivered by the Participant or the permitted transferee of this Option as provided under the Plan to CIBM for the purpose of making appropriate notation thereon, or of otherwise reflecting, in such manner as CIBM shall determine, the partial exercise or the change in the number or designation of the Common Stock.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (Cib Marine Bancshares Inc), Non Qualified Stock Option Agreement (Cib Marine Bancshares Inc), Non Qualified Stock Option Agreement (Cib Marine Bancshares Inc)
