Common use of Cessation of Service as a Director Clause in Contracts

Cessation of Service as a Director. In the event that you cease to serve as a director of the Company or any subsidiary or parent thereof at any time the Option may only be exercised within three months after the date you cease to so serve, and only to the same extent that you were entitled to exercise the Option on the date you ceased to so serve as a director and had not previously done so. Notwithstanding any provision contained in this Section 9 to the contrary, in no event may the Option be exercised to any extent by anyone after the tenth anniversary of the date of grant.