STOCK OPTION AGREEMENT FOR INCENTIVE STOCK OPTIONS UNDER SECTION 422 OF THE INTERNAL REVENUE CODE PURSUANT TO THE EAGLE BANCORP, INC.Stock Option Agreement • October 24th, 2006 • Eagle Bancorp Inc • State commercial banks
STOCK OPTION for a total of 30,000 shares of Common Stock, par value $.01 per share, of Eagle Bancorp, Inc. (the “Company”), which Option is intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), is hereby granted to Ronald D. Paul (the “Optionee”) at the price set forth herein, and in all respects subject to the terms, definitions and provisions of the 2006 Stock Plan (the “Plan”) which was adopted by the Company and which is incorporated by reference herein, receipt of which is hereby acknowledged.
