COMMUNITY FIRST, INC. INCENTIVE STOCK OPTION AGREEMENTIncentive Stock Option Agreement • January 4th, 2008 • Community First Inc • State commercial banks
We are pleased to notify you that you have been granted an option (“Option”) to purchase ___ shares of the common stock no par value (“Common Stock”) of Community First, Inc. (the “Company”) at a price of $ per share, the Fair Market Value of the Common Stock, under the Company’s 2005 Stock Incentive Plan (the “Plan”) by the Board of Directors (the “Board of Directors” or “Board”) of the Company or a Committee of the Board (the “Committee”) administering the Plan, as the case may be. This Option may thereafter be exercised only upon the terms and conditions set forth below.
