Common use of OPTION PRICING Clause in Contracts

OPTION PRICING. BCSB Bancorp agrees that so long as the PL Capital Parties beneficially own 5% or more of BCSB Bancorp's outstanding common stock, any options to acquire BCSB Bancorp common stock granted under the 2009 Equity Incentive Plan will be granted at an exercise price equal to the greater of (i) $10.00 per share, and (ii) the fair market value of a share of BCSB Bancorp common stock on the date of grant.

OPTION PRICING. BCSB Bancorp agrees that so long as the PL Capital Parties beneficially own 5% or more of BCSB Bancorp's ’s outstanding common stock, any options to acquire BCSB Bancorp common stock granted under the 2009 Equity Incentive Plan will be granted at an exercise price equal to the greater of (i) $10.00 per share, and (ii) the fair market value of a share of BCSB Bancorp common stock on the date of grant.