Board Service. (a) For purposes hereof, "Board Service" means membership on the Board of Directors of the Company or a Subsidiary and includes subsequent service as an Employee, if any, as provided in this paragraph. Notwithstanding any contrary provision or implication herein, in determining cessation of Board Service for purposes hereof, transfers between the Boards of Directors of the Company and/or any Subsidiary shall be disregarded and shall not be considered a cessation of Board Service, and changes in status between that of an Employee and a Non-Employee Director shall be disregarded and shall not be considered a cessation of Board Service.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (FNB Corp \Va\), Restricted Stock Agreement (FNB Corp \Va\), Stock Appreciation Right Agreement (FNB Corp \Va\)
Board Service. (a) For purposes hereof, "βBoard Service" β means membership on the Board of Directors of the Company or a Subsidiary and includes subsequent service as an Employee, if any, as provided in this paragraph. Notwithstanding any contrary provision or implication herein, in determining cessation of Board Service for purposes hereof, transfers between the Boards of Directors of the Company and/or any Subsidiary shall be disregarded and shall not be considered a cessation of Board Service, and changes in status between that of an Employee and a Non-Employee Director shall be disregarded and shall not be considered a cessation of Board Service.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Carbiz Inc), Non Qualified Stock Option Agreement (Carbiz Inc)
