Replacement Option

Example Definitions of "Replacement Option"
Replacement Option. An Option granted to a Participant equal to the number of shares of already owned Bank Stock that are delivered by the Participant to exercise an Option, as described in Section 9(b) below.
Found in Virginia National Bankshares Corp contract
Replacement Option. An Means an Option granted to a Participant equal to the number of shares of already owned Bank Company Stock that are delivered by the Participant to exercise an Option, as described in Section 9(b) below. 9(b).
Found in GEORGIA PACIFIC CORP contract
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Replacement Option. Means an option to acquire NBT Common Stock on the same terms and conditions as were applicable under the terms of the related Converted Option and any option plan under which such Converted Option was issued (or as near thereto as is practicable).
Found in NBT Bancorp Inc. contract
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