Common use of No New Options Clause in Contracts

No New Options. At the Effective Time, the Option Plan shall be terminated with respect to the granting of any additional options or option rights.

Appears in 3 contracts

Sources: Merger Agreement (Firstbank Corp), Merger Agreement (Merchants Bancorp Inc/De/), Merger Agreement (Old Kent Financial Corp /Mi/)

No New Options. At the Effective Time, the Option Plan Plans shall be terminated with respect to the granting of any additional options or option rights.

Appears in 1 contract

Sources: Merger Agreement (Chemical Financial Corp)