Upon exercise of a Right. (regardless of whether the Right is settled in cash or shares of Common Stock), the number of shares of Common Stock with respect to which the Right is exercised shall be charged against the number of shares of Common Stock issuable under the Plan and shall not become available for the grant of other Awards.
Appears in 2 contracts
Sources: Incentive Stock Plan (Hudson Chartered Bancorp Inc), 1995 Incentive Stock Plan (Premier National Bancorp Inc)