Common use of TERMS OF SUBSTITUTE OPTION Clause in Contracts

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 (Americorp), Stock Option Agreement (Regency Bancorp), Stock Option Agreement (Western Bancorp)

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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: Merger Agreement (Landmark Financial Corp /De), Stock Option Agreement (California Commercial Bankshares), Stock Option Agreement (Western Bancorp)

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