Harris Texas Stock Option Agreement between Northern Bank of Commerce and Cowlitz Bancorporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Stock Option Agreement is a crucial document that outlines the terms and conditions associated with stock options granted by the Northern Bank of Commerce to Cowling Ban corporation. This agreement serves to define the rights and obligations of both parties involved in the stock option agreement. The primary objective of the Harris Texas Stock Option Agreement is to provide Cowling Ban corporation with the opportunity to purchase a specific number of shares of Northern Bank of Commerce stock at a predetermined price, within a designated timeframe. This agreement plays a significant role in establishing the financial relationship between the two entities and allows Cowling Ban corporation to benefit from the potential future appreciation of Northern Bank of Commerce's stock. One of the key aspects addressed in the Harris Texas Stock Option Agreement is the exercise price of the stock options. This refers to the predetermined price at which Cowling Ban corporation can purchase the stock. The agreement also outlines the vesting period, which determines when Cowling Ban corporation can exercise their stock options. Typically, the vesting period is subject to certain conditions, such as continuous employment or achieving specific performance targets. In addition to the standard Harris Texas Stock Option Agreement, there could be various types or variations of this agreement between Northern Bank of Commerce and Cowling Ban corporation. Some possible alternative agreements include: 1. Incentive Stock Option Agreement: This type of agreement grants stock options that qualify for special tax treatment under the Internal Revenue Code. Incentive Stock Options (SOS) have specific requirements and offer certain tax advantages to the option holder, subject to compliance with applicable regulations. 2. Non-Qualified Stock Option Agreement: In contrast to SOS, non-qualified stock options do not qualify for special tax treatment. These options provide greater flexibility for the employer in terms of granting stock options to employees, consultants, or directors, but they are usually subject to ordinary income taxes upon exercise. 3. Performance-Based Stock Option Agreement: This agreement ties the exercise of stock options to achieving specific performance targets or goals set by Northern Bank of Commerce. The performance criteria can be financial metrics, market performance, or other predetermined benchmarks. Overall, the Harris Texas Stock Option Agreement between Northern Bank of Commerce and Cowling Ban corporation is a vital tool for providing Cowling Ban corporation with the opportunity to participate in the future growth and success of Northern Bank of Commerce through the acquisition of stock options. These agreements can take different forms and may include specific terms and conditions based on the objectives and requirements of both parties involved.

The Harris Texas Stock Option Agreement is a crucial document that outlines the terms and conditions associated with stock options granted by the Northern Bank of Commerce to Cowling Ban corporation. This agreement serves to define the rights and obligations of both parties involved in the stock option agreement. The primary objective of the Harris Texas Stock Option Agreement is to provide Cowling Ban corporation with the opportunity to purchase a specific number of shares of Northern Bank of Commerce stock at a predetermined price, within a designated timeframe. This agreement plays a significant role in establishing the financial relationship between the two entities and allows Cowling Ban corporation to benefit from the potential future appreciation of Northern Bank of Commerce's stock. One of the key aspects addressed in the Harris Texas Stock Option Agreement is the exercise price of the stock options. This refers to the predetermined price at which Cowling Ban corporation can purchase the stock. The agreement also outlines the vesting period, which determines when Cowling Ban corporation can exercise their stock options. Typically, the vesting period is subject to certain conditions, such as continuous employment or achieving specific performance targets. In addition to the standard Harris Texas Stock Option Agreement, there could be various types or variations of this agreement between Northern Bank of Commerce and Cowling Ban corporation. Some possible alternative agreements include: 1. Incentive Stock Option Agreement: This type of agreement grants stock options that qualify for special tax treatment under the Internal Revenue Code. Incentive Stock Options (SOS) have specific requirements and offer certain tax advantages to the option holder, subject to compliance with applicable regulations. 2. Non-Qualified Stock Option Agreement: In contrast to SOS, non-qualified stock options do not qualify for special tax treatment. These options provide greater flexibility for the employer in terms of granting stock options to employees, consultants, or directors, but they are usually subject to ordinary income taxes upon exercise. 3. Performance-Based Stock Option Agreement: This agreement ties the exercise of stock options to achieving specific performance targets or goals set by Northern Bank of Commerce. The performance criteria can be financial metrics, market performance, or other predetermined benchmarks. Overall, the Harris Texas Stock Option Agreement between Northern Bank of Commerce and Cowling Ban corporation is a vital tool for providing Cowling Ban corporation with the opportunity to participate in the future growth and success of Northern Bank of Commerce through the acquisition of stock options. These agreements can take different forms and may include specific terms and conditions based on the objectives and requirements of both parties involved.