Kings New York Stock Option Agreement between Northern Bank of Commerce and Cowlitz Bancorporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Stock Option Agreement between Northern Bank of Commerce and Cowling Ban corporation is a legally binding contract that outlines the terms and conditions for the purchase or sale of stock options between the two entities. This agreement enables Northern Bank of Commerce to grant stock options to Cowling Ban corporation, giving them the right to purchase a certain number of shares at a predetermined price within a specific timeframe. The agreement provides a mechanism for Cowling Ban corporation to effectively leverage its investment in Northern Bank of Commerce's stock, potentially allowing for significant financial gains in the future. By obtaining stock options, Cowling Ban corporation can benefit from the potential appreciation of Northern Bank of Commerce's stock value without actually owning the shares outright. In this particular agreement, there may be different types of stock options available to Cowling Ban corporation. These could include: 1. Non-Qualified Stock Options: These are typically granted to employees and offer more flexibility in terms of exercise price and taxation. These options often have specific vesting schedules and may be subject to certain restrictions. 2. Incentive Stock Options: These are generally granted to key employees to provide additional incentives to drive company performance. These options are subject to strict eligibility requirements and potential tax advantages for the option holder. 3. Restricted Stock Units (RSS): Rather than traditional stock options, RSS are a form of equity compensation where Cowling Ban corporation receives a right to certain shares of Northern Bank of Commerce's stock at a predetermined future date or upon meeting specific performance goals. 4. Stock Appreciation Rights (SARS): Similar to stock options, SARS provide Cowling Ban corporation with the right to receive the appreciation in Northern Bank of Commerce's stock value, but without the obligation to purchase the underlying shares. It is important for both parties to carefully review and understand the terms of the Kings New York Stock Option Agreement to ensure compliance with legal and regulatory requirements and to accurately determine the rights and obligations associated with the stock options. Consulting with legal and financial professionals is highly recommended navigating the complexities and nuances of this agreement.

The Kings New York Stock Option Agreement between Northern Bank of Commerce and Cowling Ban corporation is a legally binding contract that outlines the terms and conditions for the purchase or sale of stock options between the two entities. This agreement enables Northern Bank of Commerce to grant stock options to Cowling Ban corporation, giving them the right to purchase a certain number of shares at a predetermined price within a specific timeframe. The agreement provides a mechanism for Cowling Ban corporation to effectively leverage its investment in Northern Bank of Commerce's stock, potentially allowing for significant financial gains in the future. By obtaining stock options, Cowling Ban corporation can benefit from the potential appreciation of Northern Bank of Commerce's stock value without actually owning the shares outright. In this particular agreement, there may be different types of stock options available to Cowling Ban corporation. These could include: 1. Non-Qualified Stock Options: These are typically granted to employees and offer more flexibility in terms of exercise price and taxation. These options often have specific vesting schedules and may be subject to certain restrictions. 2. Incentive Stock Options: These are generally granted to key employees to provide additional incentives to drive company performance. These options are subject to strict eligibility requirements and potential tax advantages for the option holder. 3. Restricted Stock Units (RSS): Rather than traditional stock options, RSS are a form of equity compensation where Cowling Ban corporation receives a right to certain shares of Northern Bank of Commerce's stock at a predetermined future date or upon meeting specific performance goals. 4. Stock Appreciation Rights (SARS): Similar to stock options, SARS provide Cowling Ban corporation with the right to receive the appreciation in Northern Bank of Commerce's stock value, but without the obligation to purchase the underlying shares. It is important for both parties to carefully review and understand the terms of the Kings New York Stock Option Agreement to ensure compliance with legal and regulatory requirements and to accurately determine the rights and obligations associated with the stock options. Consulting with legal and financial professionals is highly recommended navigating the complexities and nuances of this agreement.