Common use of Terms of Incentive Stock Options Clause in Contracts

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an Incentive Stock Option, but in no event may a Participant exercise an Incentive Stock Option, in whole or in part, more than ten (10) years from the Date of Grant; PROVIDED, HOWEVER, that if at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of Grant. The Committee shall also determine the date on which each Incentive Stock Option, or any part thereof, first becomes exercisable and any terms or conditions a Participant must satisfy in order to exercise each Incentive Stock Option. The shares of Common Stock underlying each Incentive Stock Option may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option becomes exercisable.

Appears in 3 contracts

Samples: Stock Based Incentive Plan (Bayonne Bancshares Inc), Stock Based Incentive Plan (First Capital Inc), Stock Based Incentive Plan (Richmond County Financial Corp)

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Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an Incentive Stock Option, but in no event may a Participant exercise an Incentive Stock Option, in whole or in part, more than ten (10) years from the Date of Grant; PROVIDEDprovided, HOWEVERhowever, that if at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of GrantXxxxx. The Committee shall also determine the date on which each Incentive Stock Option, or any part thereof, first becomes exercisable and any terms or conditions a Participant must satisfy in order to exercise each Incentive Stock Option. The shares of Common Stock underlying each Incentive Stock Option may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option becomes exercisable.

Appears in 3 contracts

Samples: Long Term Incentive Plan (Standex International Corp/De/), 1998 Long Term Incentive Plan (Standex International Corp/De/), 1999 Stock Based Incentive Plan (First Bancorp of Indiana Inc)

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an each Incentive Stock OptionOption may be exercised shall be determined by the Committee, but in no event may a Participant exercise shall an Incentive Stock Option, Option be exercisable in whole or in part, part more than ten (10) years from the Date of Grant; PROVIDED, HOWEVER, that if . If at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of Grant. The Subject to Section 23 of the Plan, the Committee shall also determine the date on which each Incentive Stock Option, or any part thereof, first becomes Option shall become exercisable and any terms or conditions a Participant which must satisfy in order be satisfied prior to exercise each the Incentive Stock OptionOption becoming exercisable. The Any such terms or conditions shall be determined by the Committee as of the Date of Granx. Xxe shares of Common Stock underlying each Incentive Stock Option installment may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option installment becomes exercisable.

Appears in 1 contract

Samples: 1997 Stock Based Incentive Plan (Firstfed America Bancorp Inc)

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an Incentive Stock Option, but in no event may a Participant exercise an Incentive Stock Option, in whole or in part, more than ten (10) years from the Date of Grant; PROVIDEDprovided, HOWEVERhowever, that if at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of Grant. The Committee shall also xxxx determine the date on which each Incentive Stock Option, or any part thereof, first becomes exercisable and any terms or conditions a Participant must satisfy in order to exercise each Incentive Stock Option. The shares of Common Stock underlying each Incentive Stock Option may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option becomes exercisable.

Appears in 1 contract

Samples: 2005 Stock Based Incentive Plan (Tf Financial Corp)

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an Incentive Stock Option, but in no event may a Participant exercise an Incentive Stock Option, in whole or in part, more than ten seven (107) years from the Date of Grant; PROVIDEDprovided, HOWEVERhowever, that if at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of GrantXxxxx. The Committee shall also determine the date on which each Incentive Stock Option, or any part thereof, first becomes exercisable and any terms or conditions a Participant must satisfy in order to exercise each Incentive Stock Option. The shares of Common Stock underlying each Incentive Stock Option may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option becomes exercisable.

Appears in 1 contract

Samples: 2012 Stock Option Plan (Tf Financial Corp)

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant each Incentive -------------------------------- Stock Option may exercise an Incentive Stock Optionbe exercised shall be determined by the Committee, but in no event may a Participant exercise shall an Incentive Stock Option, Option be exercisable in whole or in part, part more than ten (10) years from the Date of Grant; PROVIDED, HOWEVER, that if . If at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of Grant. The Subject to Section 23 of the Plan, the Committee shall also determine the date on which each Incentive Stock Option, or any part thereof, first becomes Option shall become exercisable and any terms or conditions a Participant which must satisfy in order be satisfied prior to exercise each the Incentive Stock OptionOption becoming exercisable. Any such terms or conditions shall be determined by the Committee as of the Date of Xxxxx. The shares of Common Stock underlying each Incentive Stock Option installment may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option installment becomes exercisable.

Appears in 1 contract

Samples: 1997 Stock Based Incentive Plan (Firstfed America Bancorp Inc)

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an Incentive Stock Option, but in no event may a Participant exercise an Incentive Stock Option, in whole or in part, more than ten (10) years from the Date of Grant; PROVIDED, HOWEVER, that if at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of GrantGrxxx. The Committee shall also determine the date on which each Incentive Stock Option, or any part thereof, first becomes exercisable and any terms or conditions a Participant must satisfy in order to exercise each Incentive Stock Option. The shares of Common Stock underlying each Incentive Stock Option may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option becomes exercisable.

Appears in 1 contract

Samples: Stock Based Incentive Plan (Pulaski Financial Corp)

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Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an Incentive Stock Option, but in no event may a Participant exercise an Incentive Stock Option, in whole or in part, more than ten (10) years from the Date of Grant; PROVIDEDprovided, HOWEVERhowever, that if at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of Grant. The Committee shall also determine detxxxxxe the date on which each Incentive Stock Option, or any part thereof, first becomes exercisable and any terms or conditions a Participant must satisfy in order to exercise each Incentive Stock Option. The shares of Common Stock underlying each Incentive Stock Option may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option becomes exercisable.

Appears in 1 contract

Samples: 1999 Stock Based Incentive Plan (First Bancorp of Indiana Inc)

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant each Incentive -------------------------------- Stock Option may exercise an Incentive Stock Optionbe exercised shall be determined by the Committee, but in no event may a Participant exercise shall an Incentive Stock Option, Option be exercisable in whole or in part, part more than ten (10) years from the Date of Grant; PROVIDED, HOWEVER, that if . If at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of Grant. The Committee shall also determine the date on which each Incentive Stock Option, or any part thereof, first becomes Option shall become exercisable and any terms or conditions a Participant which must satisfy in order be satisfied prior to exercise each the Incentive Stock OptionOption becoming exercisable. Any such terms or conditions shall be determined by the Committee as of the Date of Xxxxx. The shares of Common Stock underlying each Incentive Stock Option installment may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option installment becomes exercisable.

Appears in 1 contract

Samples: Management Stock Incentive Plan (Kollmorgen Corp)

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an Incentive Stock Option, but in no event may a Participant exercise an Incentive Stock Option, in whole or in part, more than ten (10) years from the Date of Grant; PROVIDEDprovided, HOWEVERhowever, that if at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of Grant. The Committee shall also determine the date on which each Incentive Stock Option, or any part thereof, first becomes exercisable and any terms or conditions a Participant must satisfy in order to exercise each Incentive Stock Option. The shares of Common Stock underlying each Incentive Stock Option may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option becomes exercisable.

Appears in 1 contract

Samples: 1999 Stock Based Incentive Plan (Massachusetts Fincorp Inc)

Terms of Incentive Stock Options. The Committee shall determine the --------------------------------- term during which a Participant may exercise an Incentive Stock Option, but in no event may a Participant exercise an Incentive Stock Option, in whole or in part, more than ten (10) years from the Date of Grant; PROVIDEDprovided, HOWEVERhowever, that if at the time an Incentive Stock Option is granted to an Employee who is a 10% Owner, the Incentive Stock Option granted to such Employee shall not be exercisable after the expiration of five (5) years from the Date of Grant. The Committee shall also determine the date on dxxx xn which each Incentive Stock Option, or any part thereof, first becomes exercisable and any terms or conditions a Participant must satisfy in order to exercise each Incentive Stock Option. The shares of Common Stock underlying each Incentive Stock Option may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such Option becomes exercisable.

Appears in 1 contract

Samples: 1998 Long Term Incentive Plan (Standex International Corp/De/)

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