Common use of Exercisable for Whole Vested Shares Only Clause in Contracts

Exercisable for Whole Vested Shares Only. Subject to the relevant provisions and limitations contained herein, the Participant may exercise the Option to purchase all or part of whole Vested Shares. In no event shall the Participant be entitled to exercise the Option with respect to Nonvested Shares or a fraction of a Vested Share.

Appears in 9 contracts

Samples: Incentive Stock Option Award Agreement (Red River Bancshares Inc), Incentive Stock Option Award Agreement (Business First Bancshares, Inc.), Incentive Stock Option Award Agreement (Business First Bancshares, Inc.)

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Exercisable for Whole Vested Shares Only. Subject to the relevant provisions and limitations contained herein, the Participant may exercise the Option Options to purchase all or part of whole Vested Shares. In no event shall the Participant be entitled to exercise the Option Options with respect to Nonvested Shares or a fraction of a Vested Share.

Appears in 2 contracts

Samples: Stock Option Award Agreement (Solera National Bancorp, Inc.), Stock Option Award Agreement (Solera National Bancorp, Inc.)

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