COMMUNITY BANKS, INC. LONG-TERM INCENTIVE PLAN STOCK OPTION AGREEMENTStock Option Agreement • August 8th, 2005 • Community Banks Inc /Pa/ • National commercial banks • Pennsylvania
You are hereby granted an option, effective as of the date hereof, to purchase 3688 shares of Common Stock of Community Banks, Inc. ("CBI"), hereby designated as Incentive Stock Options (sometimes referred to as “ISO’s”) at a price of $ 27.11 per share, and 6312 shares of CBI Common Stock, hereby designated as Non-qualified Stock Options (sometimes referred to as “NQSO’s”) at a price of $27.11 per share, pursuant to the Community Banks, Inc. Long-Term Incentive Plan (the "Plan") adopted by the shareholders of CBI on May 26, 1998 and effective May 31, 1998.
