IRC Compliance. It is intended that the foregoing assumption of the Bank Restricted Stock, Bank Warrants and Bank Options shall satisfy all the requirements under Section 424(a) of the IRC and be undertaken in a manner that will not constitute a “modification” as defined in Section 424(h) of the IRC as to any stock option which is an incentive stock option as defined in Section 422 of the IRC.
Appears in 3 contracts
Samples: Agreement and Plan of Share Exchange, Agreement and Plan of Share Exchange (CapStar Financial Holdings, Inc.), Agreement and Plan of Share Exchange (CapStar Financial Holdings, Inc.)
IRC Compliance. It is intended that the foregoing assumption of the Bank Restricted Stock, Bank Warrants and Bank Options shall satisfy all the requirements under Section 424(a) of the IRC and be undertaken in a manner that will not constitute a “modification” as defined in Section 424(h) of the IRC as to any stock option which is an incentive stock option as defined in Section 422 of the IRC.
Appears in 1 contract
Samples: Agreement and Plan of Share Exchange (First Freedom Bancshares, Inc.)
IRC Compliance. It is intended that the foregoing assumption of the Bank Restricted Stock, Bank Warrants and Bank Options shall satisfy all the requirements under Section 424(a) of the IRC and be undertaken in a manner that will not constitute a “modification” as defined in Section 424(h) of the IRC as to any stock option which is an incentive stock option as defined in Section 422 of the IRC.
Appears in 1 contract
Samples: Agreement and Plan of Share Exchange (SouthEast Bancshares, Inc.)
