Common use of Option Grant and Exercise Period Clause in Contracts

Option Grant and Exercise Period. The Corporation hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 Stock Option and Incentive Plan, as the same may be from time to time amended (the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of______ shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation at the price (the "Exercise Price") of $______ per share. A copy of the Plan as currently in effect is incorporated herein by reference and is attached hereto. This Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ and ending at 5:00 p.m., Lawrenceville, Illinois time, on the date ten years after the Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This Option shall vest and become exercisable according to the following schedule: 2,500 of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 During the Exercise Period, only the vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of this Option is $_______. To the extent that this Option does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Hbancorporation Inc)

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Option Grant and Exercise Period. The Corporation Corporation, which is the successor by merger to First Ashland Financial Corporation, hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 First Ashland Financial Corporation 1995 Stock Option and Incentive Plan, as the same may be from time to time amended (the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate ofof _________ shares (the "Option Shares") of the Common Stockcommon stock, par value $.01 1.00 per share of the Corporation ("Common Stock"), of the Corporation at the exercise price of $_____ per share (the "Exercise Price") of $______ per share). A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference and is attached heretoreference. This Option shall be exercisable only during the period (the "Exercise Period") commencing onon __________ __, 19_200_ and ending at 5:00 p.m., Lawrenceville, Illinois timeEastern Time, on the date ten _____ years after the Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This Option option shall vest and become exercisable according to the following schedule: 2,500 - 20% of the initial Option Shares award amount on April 28__________ __, 1997 2,500 ____ - 20% of the initial Option Shares award amount on April 28__________ __, 1998 2,500 ____ - 20% of the initial Option Shares award amount on April 28__________ __, 1999 2,500 ____ - 20% of the initial Option Shares award amount on April 28__________ __, 2000 2,500 ____ - 20% of the initial Option Shares award amount on April 28__________ __, 2001 ____ During the Exercise Period, only the vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of this Option is $_______. To the extent that this Option does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Camco Financial Corp)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 Stock Option MB Financial, Inc. Second Amended and Restated Omnibus Incentive Plan, Plan (as the same may be from time to time amended (be amended, the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of_of _____ shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $______ per share. A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. This Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ on [ ] and ending at 5:00 p.m., LawrencevilleChicago, Illinois time, on the date ten years after the Grant Date[ ], such later time and date being hereinafter referred to as the "Expiration Date," provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This .” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: 2,500 Vesting Date Cumulative Percentage of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 Initial Award Vested During the Exercise Period, only to the vested portion of extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to . In the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of event this Option is $_______. To the extent that this Option does not or any portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Planfor tax purposes.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mb Financial Inc /Md)

Option Grant and Exercise Period. The Corporation hereby grants to the Optionee an Incentive Stock Option (the "Option") to purchase, pursuant to the Corporation's 1997 2005 Re-Designated, Amended and Restated Employee Stock Option and Incentive Plan, as the same may be from time to time amended (the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate ofof ______ shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation at the price (the "Exercise Price") of $______ per share. A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference and is attached hereto. Capitalized terms used but not defined in this Agreement shall have the meanings assigned to them in the Plan. This Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ on the dates set forth below and ending at 5:00 p.m., LawrencevilleLa Jolla, Illinois California time, on the date ten years after the Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," subject to Section 5 below. Except as provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This Section 7 below, this Option shall vest and become exercisable according to the following schedule: 2,500 Date of the Option Shares on April 28, 1997 2,500 Vesting Amount of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 Initial Award Vested During the Exercise Period, only the vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to the condition that the aggregate Fair Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares shares of Common Stock with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of this Option is $_______. To the extent that this Option Option, or any part hereof, does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Itla Capital Corp)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 Stock Option and LegacyTexas Financial Group, Inc. 2017 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (be amended, the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of_of _____ shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $______ per share. A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. This Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ on [ ] and ending at 5:00 p.m., Lawrenceville, Illinois Central time, on the date ten years after the Grant Date[ ], such later time and date being hereinafter referred to as the "Expiration Date,." provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: 2,500 Vesting Date Cumulative Percentage of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 Initial Award Vested During the Exercise Period, only to the vested portion of extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to . In the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of event this Option is $_______. To the extent that this Option does not or any portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee's termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Planfor tax purposes.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (LegacyTexas Financial Group, Inc.)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Option (the this "Option") to purchase, pursuant to the Corporation's 1997 Stock Option MB Financial, Inc. Amended and Restated Omnibus Incentive Plan, Plan (as the same may be from time to time amended (be amended, the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate ofof _________ shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $_______ per shareshare (the "Exercise Price"). A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. This Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing onon ______ __, 19__________ and ending at 5:00 p.m., LawrencevilleChicago, Illinois time, on the date ten years after the Grant Date___________________, such later time and date being hereinafter referred to as the "Expiration Date,." provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This Option shall vest and become exercisable according to the following schedule: 2,500 of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 During the Exercise Period, only the vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to . In the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of event this Option is $_______. To the extent that this Option does not or any portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Planfor tax purposes.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mb Financial Inc /Md)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 Stock Option and Great Southern Bancorp, Inc. 2022 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (be amended, the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of______ of «Shares» shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $______ «Grant_Price» per share. A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. This Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ on the date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., Lawrenceville, Illinois Central time, on the date ten years after the Grant Date«Expiration_Date», such later time and date being hereinafter referred to as the "Expiration Date," provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This .” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: 2,500 Vesting Date Number of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 Vesting «Vest_Date1» «Vest1» «Vest_Date2» «Vest2» «Vest_Date3» «Vest3» «Vest_Date4» «Vest4» During the Exercise Period, only to the vested portion of extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to . In the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of event this Option is $_______. To the extent that this Option does not or any portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee’s termination of employment (other than by reason of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Planfor tax purposes.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Great Southern Bancorp, Inc.)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 Stock Option and Southern Missouri Bancorp, Inc. 2017 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (be amended, the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of_of _____ shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $______ per share. A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. This Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ on [ ] and ending at 5:00 p.m., Lawrenceville, Illinois Central time, on the date ten years after the Grant Date[ ], such later time and date being hereinafter referred to as the "Expiration Date,." provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: 2,500 Vesting Date Cumulative Percentage of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 Initial Award Vested During the Exercise Period, only to the vested portion of extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to . In the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of event this Option is $_______. To the extent that this Option does not or any portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee's termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Planfor tax purposes.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Southern Missouri Bancorp, Inc.)

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Option Grant and Exercise Period. The Corporation hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 ’s 1995 Employee Stock Option and Incentive Plan, as the same may be from time to time amended (the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of______ of Number of Shares Granted shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation at the price (the "Exercise Price") of $______ Exercise price per share. A copy of the Plan as currently in effect effect, is incorporated herein by reference and is attached hereto. This Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ on Commencement Date and ending at 5:00 p.m., LawrencevilleLa Jolla, Illinois California time, on the date ten years after date of Award under the Plan (the “Grant Date”), such later time and date being hereinafter referred to as the "Expiration Date," provided the Optionee has maintained "Continuous Service" (continued to serve as defined in an employee of the Plan) Corporation since the Grant Date. This Option option shall vest and become exercisable according to the following schedule: 2,500 Amount of the Option Shares on April 28, 1997 2,500 Date of the Option Shares on April 28, 1998 2,500 Initial Vesting Award Vested 1st Vesting Date 1/3 of the Option Shares on April 28, 1999 2,500 Award 2nd Vesting Date 1/3 of the Option Shares on April 28, 2000 2,500 Award 3rd Vesting Date 1/3 of the Option Shares on April 28, 2001 Award During the Exercise Period, only the vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to the condition that the aggregate Fair Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of this Option is $_______. To the extent that this Option Option, or any part thereof, does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.

Appears in 1 contract

Samples: Stock Incentive Plan (Itla Capital Corp)

Option Grant and Exercise Period. The Corporation hereby grants has granted to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 Stock Option Plan and Incentive Plan, as the same may be from time to time amended (the "Plan"), and upon the terms and conditions therein and hereinafter set forththis Agreement, an aggregate of______ of shares (the "Option Shares") of the Common Stockcommon stock of the Corporation, par value $.01 per share ("Common Stock"), of the Corporation at the price of $per share (the "Exercise Price") of $______ per share”). A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference and is attached heretoto this Agreement. This Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __on (the “Commencement Date”), 19__ and ending at 5:00 p.m., LawrencevilleLafayette, Illinois Indiana time, on the date ten years after the Grant Commencement Date, such later time and date being hereinafter referred to as the "Expiration Date," provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. .” This Option option shall vest and become exercisable according to the following schedule: 2,500 of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 [INSERT VESTING SCHEDULE] During the Exercise Period, only the vested portion of this Option shall be exercisable in whole at any time or in part from time to time time, subject to the provisions of this Agreement, and further subject to the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of this Option is $_______. To the extent that this Option does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan. In the event of the death or disability (total or partial) of the Optionee, the Committee shall, with the consent of the Optionee, accelerate the vesting of this Option, which may cause a portion of the Option to lose its status as an Incentive Stock Option. 2.

Appears in 1 contract

Samples: Option and Incentive Plan Incentive Stock Option Agreement (LSB Financial Corp)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 Stock Option and Great Southern Bancorp, Inc. 2022 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (be amended, the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of______ of «Shares» shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $______ «Grant_Price» per share. A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. This Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ on the date and to the extent it becomes vested as set forth below and ending at 5:00 p.m., Lawrenceville, Illinois Central time, on the date ten years after the Grant Date«Expiration_Date», such later time and date being hereinafter referred to as the "Expiration Date," provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This .” Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: 2,500 Vesting Date Number of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 Vesting «Vest_Date1» «Vest1» «Vest_Date2» «Vest2» «Vest_Date3» «Vest3» «Vest_Date4» «Vest4» During the Exercise Period, only to the vested portion of extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of this Option is $_______. To the extent that this Option does not qualify as an Incentive Stock Option for any reason, it shall become a Non-Qualified Stock Option under the Plan.

Appears in 1 contract

Samples: Great Southern (Great Southern Bancorp, Inc.)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Option (the "Option") to purchase, pursuant to the Corporation's 1997 Stock Option and Great Southern Bancorp, Inc. 2018 Omnibus Incentive Plan, Plan (as the same may be from time to time amended (be amended, the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate of______ of [•] shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $______ [•] per share. A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. This Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below or Section 8 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing on______ __, 19__ on [date] and ending at 5:00 p.m., Lawrenceville, Illinois Central time, on the date ten years after the Grant Date[date], such later time and date being hereinafter referred to as the "Expiration Date,." provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This Subject to Sections 5 and 8 below, this Option shall vest and become exercisable according to the following schedule: 2,500 Vesting Date Cumulative Percentage of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 Initial Award Vested During the Exercise Period, only to the vested portion of extent vested, this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to . In the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of event this Option is $_______. To the extent that this Option does not or any portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee's termination of employment (other than by reason of death or Disability with respect to that portion of this Option that is exercisable at time of death or Disability), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Planfor tax purposes.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Great Southern Bancorp, Inc.)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee an Option (the this "Option") to purchase, pursuant to the Corporation's MB Financial, Inc. 1997 Stock Option and Omnibus Incentive Plan, as the same may be from time to time be amended (the "Plan"), and upon the terms and conditions therein and hereinafter set forth, an aggregate ofof __________ shares (the "Option Shares") of the Common Stock, par value $.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $_______ per shareshare (the "Exercise Price"). A copy of the Plan Plan, as currently in effect effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. This Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Plan. Except as set forth in Section 5 below with respect to the death of the Optionee, this Option shall be exercisable only during the period (the "Exercise Period") commencing onon ______ __, 19_____ and ending at 5:00 p.m., LawrencevilleChicago, Illinois time, on the date ten years after the Grant Date_______________, such later time and date being hereinafter referred to as the "Expiration Date,." provided the Optionee has maintained "Continuous Service" (as defined in the Plan) since the Grant Date. This Option shall vest and become exercisable according to the following schedule: 2,500 of the Option Shares on April 28, 1997 2,500 of the Option Shares on April 28, 1998 2,500 of the Option Shares on April 28, 1999 2,500 of the Option Shares on April 28, 2000 2,500 of the Option Shares on April 28, 2001 During the Exercise Period, only the vested portion of this Option shall be exercisable in whole at any time or in part from time to time subject to the provisions of this Agreement, and further subject to . In the condition that the aggregate Market Value (as defined in the Plan and as determined as of the Grant Date) of the Option Shares with respect to which Incentive Stock Options (as defined in the Plan) are exercisable for the first time by the Optionee in any calendar year shall not exceed One Hundred Thousand Dollars ($100,000.00). The Market Value of an Option Share on the date of grant of event this Option is $_______. To the extent that this Option does not or any portion thereof fails to qualify as an Incentive Stock Option for any reasonreason whatsoever, it this Option or such portion thereof shall become automatically be deemed a Non-Qualified Stock Option. For example, to the extent that this Option or any portion thereof becomes or remains exercisable after the expiration of three months following the Optionee's termination of employment (other than by reason of death with respect to that portion of this Option that is exercisable at time of death), this Option shall no longer qualify as an Incentive Stock Option but shall deem to be a Non-Qualified Stock Option under the Plan.for tax purposes. ISO-1 Next Page

Appears in 1 contract

Samples: Incentive Plan Incentive Stock Option Agreement (Mb Financial Inc /Md)

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