Common use of Retirement Clause in Contracts

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd) of the Plan.

Appears in 11 contracts

Samples: Equity Incentive Plan (Cincinnati Bancorp, Inc.), Non Qualified Stock Option Award Agreement (PB Bancorp, Inc.), Non Qualified Stock Option Award Agreement (Ben Franklin Financial, Inc.)

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Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 9 contracts

Samples: Incentive Stock Option Award Agreement (Ben Franklin Financial, Inc.), Incentive Stock Option Award Agreement (WCF Bancorp, Inc.), Equity Incentive Plan (Waterstone Financial, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 6 contracts

Samples: Equity Incentive Plan (FFBW, Inc. /MD/), Incentive Stock Option Award Agreement (HV Bancorp, Inc.), Incentive Stock Option Award Agreement (HV Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, and for purposes of clarity, non-vested Options options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd) of the Plan.

Appears in 5 contracts

Samples: Equity Incentive Plan (Carver Bancorp Inc), Option Agreement (Wolverine Bancorp, Inc.), Stock Option Agreement (Wolverine Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(aa) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 4 contracts

Samples: 2020 Equity Incentive Plan (Rhinebeck Bancorp, Inc.), Incentive Stock Option (1895 Bancorp of Wisconsin, Inc.), Equity Incentive Plan (Seneca Financial Corp.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration datedated, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd) of the Plan.

Appears in 3 contracts

Samples: 2014 Equity Incentive Plan (Georgetown Bancorp, Inc.), Non Qualified Stock Option Award Agreement (CB Financial Services, Inc.), Equity Incentive Plan (Waterstone Financial, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(aa) of the Plan.

Appears in 3 contracts

Samples: Non Qualified Stock Option (1895 Bancorp of Wisconsin, Inc.), Non Qualified Stock (Rhinebeck Bancorp, Inc.), Non Qualified (Seneca Financial Corp.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan.

Appears in 3 contracts

Samples: Non Qualified Stock Option Award Agreement (HV Bancorp, Inc.), Non Qualified Stock Option Award Agreement (HV Bancorp, Inc.), Non Qualified Stock Option Award Agreement (FFBW, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). "Retirement" shall have the meaning set forth in Section 8.1(dd) of the Plan.

Appears in 3 contracts

Samples: 2017 Equity Incentive Plan (FSB Bancorp, Inc.), Non Qualified Stock Option Award Agreement (Bancorp 34, Inc.), Non Qualified Stock (New Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term "Retirement" shall have the meaning set forth in Section 8.1(dd8.1(aa) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 3 contracts

Samples: Equity Incentive Plan (Eagle Financial Bancorp, Inc.), Equity Incentive Plan (Heritage NOLA Bancorp, Inc.), Equity Incentive Plan (Community First Bancshares, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd) of the Plan.

Appears in 2 contracts

Samples: 2015 Stock Option Plan (National Commerce Corp), 2015 Stock Option Plan (National Commerce Corp)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term "Retirement" shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock (Community Savings Bancorp, Inc.), Non Qualified Stock (Eagle Financial Bancorp, Inc.)

Retirement. Vested Options may be exercised by the Participant for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the expiration date of this Option’s expiration date, if earlier (andearlier. This Option will become fully vested as to all shares subject to an outstanding Award, for purposes of claritywhether or not then exercisable, non-vested Options will be forfeited on the date one year anniversary of the Participant’s Termination of Service by reason of the Participant’s Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan.

Appears in 2 contracts

Samples: 2020 Equity Incentive Plan (Bancorp, Inc.), Non Qualified Stock Option Award Agreement (Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term "Retirement" shall have the meaning set forth in Section 8.1(dd8.1(aa) of the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option (Community First Bancshares, Inc.), Non Qualified Stock (Heritage NOLA Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). "Retirement" shall have the meaning set forth in Section 8.1(dd) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 2 contracts

Samples: Equity Incentive Plan (New Bancorp, Inc.), 2017 Equity Incentive Plan (FSB Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock (Severn Bancorp Inc), Non Qualified Stock (Riverview Financial Corp)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan. Options exercised more than three (3) months following Retirement will not have ISO treatment.

Appears in 2 contracts

Samples: Equity Incentive Plan (Riverview Financial Corp), Equity Incentive Plan (Severn Bancorp Inc)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). "Retirement" shall have the meaning set forth in Section 8.1(dd) of the Plan. Options exercised more than three months following Retirement will be considered Non-Qualified Options.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Bancorp 34, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd2.7(f) of the Plan.

Appears in 1 contract

Samples: Non Qualified (Bogota Financial Corp.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd) of the Plan.of

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (CB Financial Services, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(aa) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: 2014 Equity Incentive Plan (Sunnyside Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd1(dd) of the Plan.

Appears in 1 contract

Samples: 2020 Omnibus Incentive Plan (Waterstone Financial, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term "Retirement" shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: Equity Incentive Plan (Community Savings Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(ee) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: Equity Incentive Plan (CB Financial Services, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd) of the Plan.have

Appears in 1 contract

Samples: Equity Incentive Plan (Cincinnati Bancorp, Inc.)

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Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(w) of the Plan.

Appears in 1 contract

Samples: Form of Non Qualified Stock Option Agreement (LINKBANCORP, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier Retirement (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan.

Appears in 1 contract

Samples: Equity Incentive Plan (FFBW, Inc. /MD/)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term "Retirement" shall have the meaning set forth in Section 8.1(dd) of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock (Best Hometown Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration datedated, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(aa) of the Plan.

Appears in 1 contract

Samples: 2014 Equity Incentive Plan (Sunnyside Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(ee) of the Plan.

Appears in 1 contract

Samples: Equity Incentive Plan (CB Financial Services, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(ff) of the Plan.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Bridge Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(bb) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: 2016 Equity Incentive Plan (Kearny Financial Corp.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(z) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: 2019 Equity Incentive Plan (SSB Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s 's expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term "Retirement" shall have the meaning set forth in Section 8.1(dd) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: Incentive Stock (Best Hometown Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(ff) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Bridge Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(w) of the Plan. Options exercised more than three months following Retirement will cease to be treated as ISOs.

Appears in 1 contract

Samples: Form of Incentive Stock Option (LINKBANCORP, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(bb) of the Plan.

Appears in 1 contract

Samples: 2016 Equity Incentive Plan (Kearny Financial Corp.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd8.1(z) of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock (SSB Bancorp, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the OptionOpti'n’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). ." RetirementRetireme"t” shall have the meaning set forth in Section 8.1(dd8.1(cc) of the Plan.

Appears in 1 contract

Samples: 2018 Equity Incentive Plan (PCSB Financial Corp)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd1(dd) of the Plan. Options exercised more than three months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: 2020 Omnibus Incentive (Waterstone Financial, Inc.)

Retirement. Vested Options may be exercised for a period of one (1) year from the date of Termination of Service by reason of Retirement, subject to termination on the Option’s expiration date, if earlier (and, for purposes of clarity, non-vested Options will be forfeited on the date of Termination of Service by reason of Retirement). The term “Retirement” shall have the meaning set forth in Section 8.1(dd2.7(f) of the Plan. Options exercised more than three (3) months following Retirement will not have ISO treatment.

Appears in 1 contract

Samples: Equity Incentive Plan (Bogota Financial Corp.)

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