TERMS OF SUBSTITUTE OPTION. The Substitute Option shall otherwise have the same terms as the Option, PROVIDED, HOWEVER, that if the terms of the Substitute Option cannot, for legal reasons, be the same as the Option, such terms shall be as similar as possible and in no event less advantageous to Grantee.
Appears in 7 contracts
Samples: Stock Option Agreement (Mid-State Bancshares), Stock Option Agreement (Americorp), Stock Option Agreement (Regency Bancorp)
TERMS OF SUBSTITUTE OPTION. The Substitute Option shall otherwise have the same terms as the Option, PROVIDEDprovided, HOWEVERhowever, that if the terms of the Substitute Option cannot, for legal reasons, be the same as the Option, such terms shall be as similar as possible and in no event less advantageous to Grantee.
Appears in 6 contracts
Samples: Stock Option Agreement (Bath National Corp), Stock Option Agreement (Sc Bancorp), Stock Option Agreement (Monarch Bancorp)
TERMS OF SUBSTITUTE OPTION. The Substitute Option shall -------------------------- otherwise have the same terms as the Option, PROVIDEDprovided, HOWEVERhowever, that if the -------- ------- terms of the Substitute Option cannot, for legal reasons, be the same as the Option, such terms shall be as similar as possible and in no event less advantageous to Grantee.
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