Common use of Exercises of Option Clause in Contracts

Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of the Company as of such date, as follows: (a) Schedule of Rights to Exercise. A. Such Options awarded to the Optionee are intended to satisfy the requirements of (incentive stock options( ((ISOs() within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. In the event that the Fair Market Value of the Common Stock subject to such grant to the Optionee exceeds $100,000 per vesting event, then the excess of each installment shall be deemed non statutory stock options (not qualifying as ISOs). B. Options awarded to the Optionee shall continue to vest annually during such period that he serves as an employee, director or director emeritus of Roma Bank (the (Bank() or the Company. C. Notwithstanding anything herein to the contrary, in no event shall any Options granted herein be exercisable for a period of six months from the Date of Grant, except in the event of the death or Disability of the Optionee or a Change in Control of the Company. Upon the death or Disability of the Optionee or a Change in Control, all such Options shall be immediately 100% vested and exercisable. D. Upon termination of service for any reason, other than Disability or death, such Options shall cease to be exercisable three months from the date of termination of employment. E. Upon Disability, all Options shall be deemed immediately exercisable for a period not to exceed one year from such date of Disability. F. Upon death, all Options shall be immediately exercisable by the estate for two years from the date of death, not to exceed initial option term. G. Upon termination of employment with the Company or the Bank, if the Optionee continues status as a director or director emeritus of the Bank or the Company, the Optionee is entitled to continue to exercise any such Options during such continued service as a director or director emeritus, provided that if such Options are not exercised within three months of termination of employment, then such Options shall thereafter be deemed a Non-Statutory Stock Option.

Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of the Company as of such date, as follows: (a) Schedule of Rights to Exercise. A. Such Options awarded to the Optionee are intended to satisfy the requirements of ("incentive stock options( " (("ISOs(") within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. In the event that the Fair Market Value of the Common Stock subject to such grant to the Optionee exceeds $100,000 per vesting event, then the excess of each installment shall be deemed non statutory stock options (not qualifying as ISOs). B. Options awarded to the Optionee shall continue to vest annually during such period that he serves as an employee, director or director emeritus of Roma Millington Savings Bank (the ("Bank(") or the Company. C. Notwithstanding anything herein to the contrary, in no event shall any Options granted herein be exercisable for a period of six months from the Date of Grant, except in the event of the death or Disability of the Optionee or a Change in Control of the Company. Upon the death or Disability of the Optionee or a Change in Controlsuch occurrences, all such Options shall be immediately 100% vested and exercisable. D. Upon termination of service for any reason, other than Disability or death, such Options shall cease to be exercisable three months from the date of termination of employment. E. Upon Disability, all Options shall be deemed immediately exercisable for a period not to exceed one year from such date of Disability. F. Upon death, all Options shall be immediately exercisable by the estate for two years from the date of death, not to exceed initial option term. G. Upon termination of employment with the Company or the Bank, if the Optionee continues status as a director or director emeritus of the Bank or the Company, the Optionee is entitled to continue to exercise any such Options during such continued service as a director or director emeritus, provided that if such Options are not exercised within three months of termination of employment, then such Options shall thereafter be deemed a Non-Statutory Stock Option.

Exercises of Option. This Option shall be exercisable in accordance with provisions of the Plan, provided the holder of such Option is an employee, director or director emeritus of C▇▇▇▇ Bank (the “Bank”) or the Company as of such date, as follows: (a) Schedule of Rights to Exercise. A. Such Options awarded to the Optionee are intended to satisfy the requirements of (incentive stock options( ((ISOs() within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. In the event that the Fair Market Value of the Common Stock subject to such grant to the Optionee exceeds $100,000 per vesting event, then the excess of each installment shall be deemed non statutory stock options (not qualifying as ISOs). B. Options awarded to the Optionee shall continue to vest annually during such period that he serves as an employee, director or director emeritus of Roma the Bank (the (Bank() or the Company. C. Notwithstanding anything herein to the contrary, in no event shall any Options granted herein be exercisable for a period of six months from the Date of Grant, except in the event of the death or Disability of the Optionee or a Change in Control of the CompanyCompany or the Bank. Upon the death or Disability of the Optionee or a Change in Control, all such Options shall be immediately 100% vested and exercisable. D. Upon termination of service for any reason, other than Disability or death, such Options shall cease to be exercisable three months from the date of termination of employment. E. Upon Disability, all Options shall be deemed immediately exercisable for a period not to exceed one year from such date of Disability. F. Upon death, all Options shall be immediately exercisable by the estate for two years from the date of death, not to exceed initial option term. G. Upon termination of employment with the Company or the Bank, if the Optionee continues status as a director or director emeritus of the Bank or the Company, the Optionee is entitled to continue to exercise any such Options during such continued service as a director or director emeritus, provided that if such Options are not exercised within three months of termination of employment, then such Options shall thereafter be deemed a Non-Statutory Stock Option.