Common use of Option Grant and Exercise Period Clause in Contracts

Option Grant and Exercise Period. The Corporation hereby grants to the Optionee a Non-Qualified Stock Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended and Restated Stock Option Plan for Non-Employee Directors, 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. 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 the dates set forth below and ending at 5:00 p.m., La Jolla, California time, on the date ten years after Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," subject to Section 5 below. Except as provided in Section 7 below, this Option shall vest and become exercisable according to the following schedule: Date of Vesting Amount of 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.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Itla Capital Corp)

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Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee a Non-Qualified Stock an Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedLegacyTexas Financial Group, Amended and Restated Stock Option Inc. 2017 Omnibus Incentive Plan for Non-Employee Directors, (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 ______ 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, as currently in effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 the dates set forth below [ ] and ending at 5:00 p.m., La Jolla, California Central time, on the date ten years after Grant Date[ ], such later time and date being hereinafter referred to as the "Expiration Date,." subject Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Cumulative Percentage of Vesting Amount of 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.

Appears in 1 contract

Samples: Legacytexas Financial (LegacyTexas Financial Group, Inc.)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee a Non-Qualified Stock an Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedMB Financial, Inc. Second Amended and Restated Stock Option Omnibus Incentive Plan for Non-Employee Directors, (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 ______ 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, as currently in effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 the dates set forth below [ ] and ending at 5:00 p.m., La JollaChicago, California Illinois time, on the date ten years after Grant Date[ ], such later time and date being hereinafter referred to as the "Expiration Date," subject .” Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Cumulative Percentage of Vesting Amount of 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.

Appears in 1 contract

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

Option Grant and Exercise Period. The Corporation hereby grants to the Optionee a Non-Qualified Stock Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-Designated, Amended and Restated Employee Stock Option Plan for Non-Employee DirectorsIncentive 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. 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 the dates set forth below and ending at 5:00 p.m., La Jolla, California time, on the date ten years after Grant Date, such later time and date being hereinafter referred to as the "Expiration Date," subject to Section 5 below. Except as provided in Section 7 below, this Option shall vest and become exercisable according to the following schedule: Date of Vesting Amount of 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.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Itla Capital Corp)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee a Non-Qualified Stock an Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-Designated, BayCom Corp Amended and Restated Stock Option 2017 Omnibus Equity Incentive Plan for Non-Employee Directors, (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 ______ shares (the "Option Shares") of the Common Stockcommon stock, par value $.01 0.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $______ per share. A copy of the Plan, as currently in effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This Except as set forth in Section 5 below or Section 6 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing on the dates set forth below __________ and ending at 5:00 p.m., La Jolla, California Pacific time, on the date ten years after Grant Date_____________, such later time and date being hereinafter referred to as the "Expiration Date," subject .” Subject to Section Sections 5 below. Except as provided in Section 7 and 6 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Cumulative Percentage of Vesting Amount of Initial Award Vested [Insert vesting schedule] 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.

Appears in 1 contract

Samples: Baycom Corp (BayCom Corp)

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Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee a Non-Qualified Stock an Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-Designated, BayCom Corp Amended and Restated Stock Option 2017 Omnibus Equity Incentive Plan for Non-Employee Directors, (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 ______ shares (the "Option Shares") of the Common Stockcommon stock, par value $.01 0.01 per share ("Common Stock"), of the Corporation Company at the price (the "Exercise Price") of $______ per share. A copy of the Plan, as currently in effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This Except as set forth in Section 5 below or Section 6 below, this Option shall be exercisable only during the period (the "Exercise Period") commencing on the dates set forth below _________ and ending at 5:00 p.m., La Jolla, California Pacific time, on the date ten years after Grant Date______________, such later time and date being hereinafter referred to as the "Expiration Date," subject .” Subject to Section Sections 5 below. Except as provided in Section 7 and 6 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Cumulative Percentage of Vesting Amount of 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.[Insert vesting schedule]

Appears in 1 contract

Samples: Baycom Corp (BayCom Corp)

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee a Non-Qualified Stock an Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedSouthern Missouri Bancorp, Amended and Restated Stock Option Inc. 2017 Omnibus Incentive Plan for Non-Employee Directors, (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 ______ 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, as currently in effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 the dates set forth below [ ] and ending at 5:00 p.m., La Jolla, California Central time, on the date ten years after Grant Date[ ], such later time and date being hereinafter referred to as the "Expiration Date,." subject Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Cumulative Percentage of Vesting Amount of 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.

Appears in 1 contract

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

Option Grant and Exercise Period. The Corporation Company hereby grants to the Optionee a Non-Qualified Stock an Option (the "Option") to purchase, pursuant to the Corporation's 2005 Re-DesignatedGreat Southern Bancorp, Amended and Restated Stock Option Inc. 2018 Omnibus Incentive Plan for Non-Employee Directors, (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 ______ [•] 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, as currently in effect, is incorporated herein by reference reference, and either is attached heretohereto or has been delivered previously to the Optionee. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned ascribed to them in the Plan. This 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 the dates set forth below [DATE] and ending at 5:00 p.m., La Jolla, California Central time, on the date ten years after Grant Date[DATE], such later time and date being hereinafter referred to as the "Expiration Date,." subject Subject to Section Sections 5 below. Except as provided in Section 7 and 8 below, this Option shall vest and become exercisable according to the following schedule: Vesting Date Cumulative Percentage of Vesting Amount of 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.

Appears in 1 contract

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

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