LIFE INSURANCE ENDORSEMENT METHOD SPLIT DOLLAR PLAN AGREEMENTEndorsement Method Split Dollar Plan • March 30th, 2005 • Old Point Financial Corp • State commercial banks • Virginia
The respective rights and duties of the Bank and the Insured in the above-referenced policy shall be pursuant to the terms set forth below:
OLD POINT FINANCIAL CORPORATION FORM OF INCENTIVE STOCK OPTION AGREEMENTIncentive Stock Option Agreement • March 30th, 2005 • Old Point Financial Corp • State commercial banks
In accordance with the 1998 Stock Option Plan (the “Plan”) of OLD POINT FINANCIAL CORPORATION, a Virginia Corporation (the “Corporation”), the Corporation hereby grants on [GRANT DATE], to [EMPLOYEE NAME] (the “Employee”) the right and option to purchase, upon the terms and conditions hereinafter set forth, [#] shares of the Corporation’s Common Stock at the purchase price of $[EXERCISE PRICE] per share.
OLD POINT FINANCIAL CORPORATION FORM OF NON-QUALIFIED STOCK OPTION AGREEMENTNon-Qualified Stock Option Agreement • March 30th, 2005 • Old Point Financial Corp • State commercial banks
In Accordance with the 1998 Stock Option Plan (the “Plan”) of OLD POINT FINANCIAL CORPORATION, a Virginia corporation (the “Company”), the Company hereby grants to [OPTIONEE NAME] (the “Participant”) the right and option to purchase, upon the terms and conditions hereinafter set forth, all or any part of a total of [#] shares of the Company’s Common Stock at the purchase price of $[EXERCISE PRICE] per share. This option is granted as of [GRANT DATE].
