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Common use of Minimum Exercise Clause in Contracts

Minimum Exercise. This Option may not be exercised for less than ___ Shares nor for a fraction of a Share.

Appears in 4 contracts

Sources: Nonqualified Stock Option Agreement (California Independent Bancorp), Incentive Stock Option Agreement (California Independent Bancorp), Incentive Stock Option Agreement (California Independent Bancorp)

Minimum Exercise. This Option may not be exercised for less fewer than ___ 10 Shares nor for a fraction of a Share.

Appears in 2 contracts

Sources: Nonstatutory Stock Option Agreement (Central Valley Community Bancorp), Incentive Stock Option Agreement (Central Valley Community Bancorp)

Parent Clauses

  • Exercise of Option
  • Exercisability of Option
  • Vesting; Limits on Exercise
  • Exercise of Stock Options
  • GOVERNING LAW

Sub-Clauses

  • WITHHOLDING REQUIRED
  • DECISION OF COMMITTEE FINAL
  • DISQUALIFYING DISPOSITION
  • LIQUIDATING EVENT
  • MERGER OR CONSOLIDATION
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