TOWER BANCORP, INC.Non-Qualified Stock Option Plan • September 24th, 2009 • Tower Bancorp Inc • State commercial banks • Pennsylvania
By this Agreement, dated as of (the “Date of Grant”), pursuant to the Tower Bancorp, Inc. 1995 Stock Option Plan (the “Plan”), Tower Bancorp, Inc. (the “Corporation”) grants and gives to , an adult individual (the “Recipient”), the option and right, but not the obligation, to purchase from the Corporation up to shares of its common stock at the purchase price of $ for each such share (the “Option Price”), under and subject to the terms and provisions set forth in this Agreement and the Plan (the “Option”). The Option Price is intended to be 100% of the fair market value of a share of the Corporation common stock as of the Date of Grant as determined in accordance with the Plan. It is intended that the Option granted by this Agreement is and shall be a Non-Qualified Option as defined in the Plan.
TOWER BANCORP, INC. GRAYSTONE FINANCIAL CORP. NONQUALIFIED STOCK OPTION AGREEMENT FOR EMPLOYEEStock Incentive Plan • September 24th, 2009 • Tower Bancorp Inc • State commercial banks • Pennsylvania
THIS STOCK OPTION AGREEMENT (this “Agreement”) dated as of , (the “Date of Grant”), is delivered by Tower Bancorp, Inc. (the “Company”), a Pennsylvania bank holding company, as successor through merger to Graystone Financial Corp., to (the “Grantee”), who is an employee of the Company or one of its subsidiaries.
