SCBT FINANCIAL
CORPORATION
STOCK OPTION
AGREEMENT
THIS AGREEMENT , made this___day of ___ 20XX, by and between
SCBT Financial Corporation
(“Corporation”), a South Carolina corporation with its
principal offices located in Columbia, South Carolina, and
______________________________
(“Participant”).
WITNESSETH:
WHEREAS , the Corporation has adopted the 2004 SCBT
Financial Corporation Stock Incentive Plan (the
“Plan”); and
WHEREAS , the Committee under the Plan has determined
that the Participant shall be granted certain options under the
Plan.
NOW, THEREFORE , in consideration of the foregoing and other
good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto agree as follows:
1.
Grant of Option
. The Corporation hereby grants to
the Participant an option (“Option”) to purchase
_____________ shares of the Common Stock of the Corporation, upon
the terms and conditions set forth below and in the Plan. The date
of such grant is _________________. The Option shall be a
Non-Qualified Stock Option.
2.
Option Price
. The Option shall be exercisable at
a price of __________________ ($________) per share.
3.
Terms of Purchase
. Purchase of any shares pursuant to
the Participant’s exercise of the Option shall be made in
accordance with the provisions of the Plan.
4.
Period of Option
. The Option shall be exercisable
from the date hereof until the earlier of (i) ten (10) years from
the date of grant of the Option, and (ii) in the event of the
Participant’s death, upon the expiration of two (2) years
from the date of death.
5.
Nontransferability
. The Option is not transferable by
the Participant, in w
