Maximum SAR Period. The maximum period in which an SAR may be exercised shall be ten years from the date such SAR was granted. The terms of any SAR may provide that it has a term that is less than such maximum period.
Appears in 3 contracts
Sources: 2006 Equity Compensation Plan (Middleburg Financial Corp), Equity Compensation Plan (Middleburg Financial Corp), 2007 Equity Compensation Plan (Eastern Virginia Bankshares Inc)
Maximum SAR Period. The maximum period in which an SAR may be exercised shall be ten 10 years from the date such SAR was granted. The terms of any SAR may provide that it has a term that is less than such maximum period.
Appears in 3 contracts
Sources: Incentive Plan (Village Bank & Trust Financial Corp.), Incentive Plan (Village Bank & Trust Financial Corp.), Incentive Plan (Village Bank & Trust Financial Corp.)