Examples of Bank Stock Option Plan in a sentence
This Plan of Share Exchange shall not constitute a change of control for purposes of any Bank Options (as defined below) granted by the Bank under the Bank Stock Option Plan (as defined below).
At the Effective Time, each option granted by DS Bancor to purchase shares of DS Bancor Common Stock which is outstanding and unexercised immediately prior thereto shall be converted automatically into an option to purchase shares of Webster Common Stock in an amount and at an exercise price determined as provided below (and otherwise subject to the terms of the Derby Savings Bank Stock Option Plan, as amended (the "1985 Option Plan") or the DS Bancor, Inc.
The Bank shall have caused the Bank Stock Option Plan to be terminated as of or prior to the Effective Time of the Merger and shall have obtained the consents or agreements specified in, and otherwise shall have complied with the terms of, Section 6.10.
There are no shares of Bank Common Stock authorized and reserved for issuance, Bank does not have any Rights issued or outstanding with respect to Bank Common Stock, and Bank does not have any commitment to authorize, issue or sell any Bank Common Stock or Rights, except pursuant to this Agreement, the Bank Stock Option Plan and the Warrants.
No stock options were granted in Fiscal 2015 under the Bank Stock Option Plan.
The purpose of this 2003 Pacific City Bank Stock Option Plan (the “Plan”) is to advance the interests of the Bank by providing select Participants with the opportunity to acquire Shares.
Plan category Notes:(1) The maximum number of options available for issuance under each of the Bank Stock Option Plan and PWC Stock Option Plan is a rolling 10% of issued and outstanding common shares of the Bank and PWC, respectively.(2) This represents 1.05% of the issued and outstanding common shares of PWC.(3) This represents 0.2% of the issued and outstanding common shares of the Bank.
As of the date of this Agreement, no shares of BCB Common Stock were reserved for issuance upon the exercise of outstanding stock options or otherwise except 294,750 shares of BCB Common Stock were reserved for issuance upon the exercise of stock options pursuant to BCB 2002 Community Bank Stock Option Plan and the BCB 2003 Stock Option Plan (the “BCB Stock Plans”).
As soon as practicable after the Effective Time, Acquiror shall deliver or cause to be delivered to each holder of Converted Options an appropriate notice setting forth such holder’s rights pursuant to the Bank Stock Option Plan and agreements evidencing the grants of such Converted Options, after giving effect to the transactions hereunder.
The Plan shall be known as the Roebling Bank ------------------- ("Bank") Stock Option Plan (the "Plan").