Company Stock Rights. (a) At the election of the Company made within thirty (30) days following the Executive's termination of employment with the Company, the Company may request the surrender of options or appreciation rights issued to Executive under any stock option and appreciation rights plan or program maintained by, or covering employees of, the Company or the Bank, in exchange for which the Company agrees to pay a lump sum payment in an amount equal to the product of:
Appears in 3 contracts
Samples: Employment Agreement (Mystic Financial Inc), Employment Agreement (Mystic Financial Inc), Employment Agreement (Mystic Financial Inc)
Company Stock Rights. (a) At the election of the Company made within thirty (30) days following the Executive's termination of employment with the Company, the Company may request the surrender of options or appreciation rights issued to Executive under any stock option and appreciation rights plan or program maintained by, or covering employees of, the Company or the Bank, in exchange for which the Company agrees to pay a lump sum payment in an amount equal to the product of:
Appears in 1 contract
Samples: Employment Agreement (Westbank Corp)
