Common use of Non-exercisable Portion of Option Clause in Contracts

Non-exercisable Portion of Option. In the event that upon the occurrence of Grantee's Normal Retirement Date all or a portion of the Option has not become exercisable solely because one (1) or more of the first four (4) Anniversary

Appears in 3 contracts

Sources: Option Agreement (Mercantile Bankshares Corp), Option Agreement (Mercantile Bankshares Corp), Option Agreement (Mercantile Bankshares Corp)