Pima Arizona Stock Option Agreement between Northern Bank of Commerce and Cowlitz Bancorporation

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Pima
• 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 Lima Arizona Stock Option Agreement is a legal contract between Northern Bank of Commerce and Cowling Ban corporation, outlining the terms and conditions related to stock options. This agreement allows Cowling Ban corporation to purchase a specific number of shares of stock from Northern Bank of Commerce at a predetermined price within a specified timeframe. This agreement serves as a vehicle for Cowling Ban corporation to acquire an ownership interest in Northern Bank of Commerce. It provides Cowling Ban corporation with the right, but not the obligation, to purchase the agreed-upon shares of Northern Bank of Commerce's stock at a predetermined price, which is known as the exercise price. The exercise price is typically set at a discount to the current market price of the stock at the time of the agreement. Among the key terms and provisions specified in the Lima Arizona Stock Option Agreement are the number of shares subject to the agreement, the exercise price, and the term of the agreement. The number of shares is determined by both parties during the negotiation process and can vary depending on the specific objectives and strategies of the agreement. Additionally, the exercise price is agreed upon between Northern Bank of Commerce and Cowling Ban corporation, usually at a price that provides an incentive for Cowling Ban corporation to exercise its option and acquire the shares. The term of the agreement generally spans several years, allowing Cowling Ban corporation sufficient time to evaluate market conditions and determine the optimal exercise timing. It is worth noting that there may be different types of Lima Arizona Stock Option Agreements between Northern Bank of Commerce and Cowling Ban corporation. These agreements could differ in terms of the number of shares, exercise price, vesting schedule, and the possibility of early exercise. Each agreement is tailored to the specific needs and goals of both parties involved, ensuring a mutually beneficial arrangement. In conclusion, the Lima Arizona Stock Option Agreement between Northern Bank of Commerce and Cowling Ban corporation is a contractual arrangement that grants Cowling Ban corporation the right to purchase a predetermined number of shares of Northern Bank of Commerce's stock at a predetermined price. This agreement provides an opportunity for Cowling Ban corporation to acquire an ownership stake in Northern Bank of Commerce and align their interests towards long-term growth and success.

The Lima Arizona Stock Option Agreement is a legal contract between Northern Bank of Commerce and Cowling Ban corporation, outlining the terms and conditions related to stock options. This agreement allows Cowling Ban corporation to purchase a specific number of shares of stock from Northern Bank of Commerce at a predetermined price within a specified timeframe. This agreement serves as a vehicle for Cowling Ban corporation to acquire an ownership interest in Northern Bank of Commerce. It provides Cowling Ban corporation with the right, but not the obligation, to purchase the agreed-upon shares of Northern Bank of Commerce's stock at a predetermined price, which is known as the exercise price. The exercise price is typically set at a discount to the current market price of the stock at the time of the agreement. Among the key terms and provisions specified in the Lima Arizona Stock Option Agreement are the number of shares subject to the agreement, the exercise price, and the term of the agreement. The number of shares is determined by both parties during the negotiation process and can vary depending on the specific objectives and strategies of the agreement. Additionally, the exercise price is agreed upon between Northern Bank of Commerce and Cowling Ban corporation, usually at a price that provides an incentive for Cowling Ban corporation to exercise its option and acquire the shares. The term of the agreement generally spans several years, allowing Cowling Ban corporation sufficient time to evaluate market conditions and determine the optimal exercise timing. It is worth noting that there may be different types of Lima Arizona Stock Option Agreements between Northern Bank of Commerce and Cowling Ban corporation. These agreements could differ in terms of the number of shares, exercise price, vesting schedule, and the possibility of early exercise. Each agreement is tailored to the specific needs and goals of both parties involved, ensuring a mutually beneficial arrangement. In conclusion, the Lima Arizona Stock Option Agreement between Northern Bank of Commerce and Cowling Ban corporation is a contractual arrangement that grants Cowling Ban corporation the right to purchase a predetermined number of shares of Northern Bank of Commerce's stock at a predetermined price. This agreement provides an opportunity for Cowling Ban corporation to acquire an ownership stake in Northern Bank of Commerce and align their interests towards long-term growth and success.