Common use of Immediate Vesting Clause in Contracts

Immediate Vesting. Effective as of the date of this Amendment, all of the unvested stock options shown on Exhibit A to this Amendment shall be fully vested and exercisable for the remaining term of the options in accordance with and subject to the terms and conditions of the Plan and the Option Agreement.

Appears in 2 contracts

Sources: Stock Option Agreement (Midcarolina Financial Corp), Stock Option Agreement (Midcarolina Financial Corp)