Common use of Normal Term Clause in Contracts

Normal Term. The term of this Option is 10 years, until {DAY PRIOR TO 10TH ANNIVERSARY OF AWARD DATE}, 2022; provided, however, that this Option may be terminated earlier as provided in Paragraph 2(b). ​

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Partners Bancorp)

Normal Term. The term of this Option is 10 years, until {DAY PRIOR TO 10TH ANNIVERSARY OF AWARD DATE}, 20222025; provided, however, that this Option may be terminated earlier as provided in Paragraph 2(b). ​

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Partners Bancorp)