Oregon Stock Option Agreement between Northern Bank of Commerce and Cowlitz Bancorporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-EG-9341
• Format: Word; Rich Text

Description

Stock Option Agreement between Northern Bank of Commerce and Cowlitz Bancorporation dated September 14, 1999. 26 pages. The Oregon Stock Option Agreement is a legally binding contract between Northern Bank of Commerce and Cowling Ban corporation, outlining the terms and conditions for granting stock options to employees of Cowling Ban corporation by Northern Bank of Commerce. This agreement allows employees to purchase a specified number of shares of Cowling Ban corporation's stock at a predetermined price within a set time period. Key terms of the Oregon Stock Option Agreement may include the exercise price, vesting schedule, expiration date, and the number of shares available for purchase. The exercise price is the price per share at which the employees can buy the stock, often set at the fair market value. The vesting schedule determines when the options can be exercised, usually requiring a certain period of employment or meeting performance goals. The expiration date signifies the deadline for exercising the options, typically several years from the grant date. The number of shares available for purchase is stated in the agreement, offering employees the opportunity to acquire ownership in Cowling Ban corporation. Different types of Oregon Stock Option Agreements between Northern Bank of Commerce and Cowling Ban corporation could include incentive stock options (SOS) and non-qualified stock options (SOS). SOS provide potential tax advantages for employees, as they may qualify for capital gains treatment upon the sale of exercised shares if certain conditions are met. SOS, on the other hand, do not offer the same tax advantages but provide more flexibility for the company in terms of eligibility. The specific type of stock option agreement used will depend on the goals and strategies of both Northern Bank of Commerce and Cowling Ban corporation. Overall, the Oregon Stock Option Agreement serves as a valuable tool for employee compensation and retention, aligning the interests of the employees with the growth and success of Cowling Ban corporation. It incentivizes employees to work towards the company's long-term goals and creates a sense of ownership and loyalty within the organization.

The Oregon Stock Option Agreement is a legally binding contract between Northern Bank of Commerce and Cowling Ban corporation, outlining the terms and conditions for granting stock options to employees of Cowling Ban corporation by Northern Bank of Commerce. This agreement allows employees to purchase a specified number of shares of Cowling Ban corporation's stock at a predetermined price within a set time period. Key terms of the Oregon Stock Option Agreement may include the exercise price, vesting schedule, expiration date, and the number of shares available for purchase. The exercise price is the price per share at which the employees can buy the stock, often set at the fair market value. The vesting schedule determines when the options can be exercised, usually requiring a certain period of employment or meeting performance goals. The expiration date signifies the deadline for exercising the options, typically several years from the grant date. The number of shares available for purchase is stated in the agreement, offering employees the opportunity to acquire ownership in Cowling Ban corporation. Different types of Oregon Stock Option Agreements between Northern Bank of Commerce and Cowling Ban corporation could include incentive stock options (SOS) and non-qualified stock options (SOS). SOS provide potential tax advantages for employees, as they may qualify for capital gains treatment upon the sale of exercised shares if certain conditions are met. SOS, on the other hand, do not offer the same tax advantages but provide more flexibility for the company in terms of eligibility. The specific type of stock option agreement used will depend on the goals and strategies of both Northern Bank of Commerce and Cowling Ban corporation. Overall, the Oregon Stock Option Agreement serves as a valuable tool for employee compensation and retention, aligning the interests of the employees with the growth and success of Cowling Ban corporation. It incentivizes employees to work towards the company's long-term goals and creates a sense of ownership and loyalty within the organization.