Greater Community Bancorp Non-Qualified Stock Option Grant and Agreement with [Grantee Name]
Contract Categories:
Business Finance
›
Warrant Agreements
Summary
Greater Community Bancorp has granted a non-qualified stock option to [Grantee Name], allowing the purchase of a specified number of company shares at a set price. The agreement outlines the vesting schedule and expiration date for the options. Both parties agree that the grant is subject to the terms of the company's Stock Option Plan. The agreement becomes effective on the grant date and requires signatures from both the company and the grantee.
EX-10.18 4 ex10-18.htm EX-10.18 EX-10.18
Exhibit 10.18
| Notice of Grant of Stock Options and Option Agreement | Greater Community Bancorp ID: 22 ###-###-#### 55 Union Boulevard Totowa, New Jersey 07512 | |
| [Grantee NAME] | Option Number: | XXXXXXXX |
| [Grantee ADDRESS] | Plan: | XXXX |
| ID: | XXXXXXXXX | |
Effective XX/XX/200X, you have been granted a(n) Non-Qualified Stock Option to buy X shares of Greater Community Bancorp (the Company) stock at $XX.XXXX per share.
The total option price of the shares granted is $X,XXX.XX.
Shares in each period will become fully vested on the date shown.
| Shares | Vest Type | Full Vest | Expiration | |||
By your signature and the Company's signature below, you and the Company agree that these options are granted under and governed by the terms and conditions of the Company's Stock Option Plan as amended, which is attached and made a part of this document.
| Greater Community Bancorp | Date | |
| [Grantee SIGNATURE] | Date | |
