Shares of Stock Subject to the Plan. There will be reserved for use upon the exercise of options to be granted from time to time under the Plan (subject to the provisions of Section 13) an aggregate of 100,000 shares of the common stock of the Corporation, par value of $2.50 per share (the "Common Stock"), which shares may be in whole or in part, as the Board shall from time to time determine, authorized but unissued shares or issued shares that shall have been reacquired by the Corporation. Any shares of Common Stock subject to an option under the Plan, which option for any reason expires or is terminated unexercised as to such shares, may again be subjected to an option under the Plan.
Appears in 2 contracts
Sources: Crestar/Citizens Stock Option Plan (Crestar Financial Corp), Crestar/Citizens Stock Option Plan (Crestar Financial Corp)