Continuous Engagement Required Sample Clauses
Continuous Engagement Required. Except as otherwise provided in the Notice of Option Grant, this Option may not be exercised unless the Optionee, at the time he exercises this Option is, and has been at all times since the date of grant set out in the Notice of Option Grant engaged by the Company. Transfer between locations of the Company or between the Company, its Subsidiaries or its successor shall not be considered termination of engagement. In case of an approved leave of absence, the vesting of the Option shall be suspended during such leave of absence.
Continuous Engagement Required. Except as otherwise provided in this Section 3, this Option may not be exercised unless the Optionee, at the time that he or she exercises this Option, is, and has been at all times since the date of grant of this Option, a Director of the Company.
Continuous Engagement Required. Except as otherwise provided in Section 4 of the Notice of Option Grant, this Option may not be exercised unless the Optionee, at the time he exercises this Option is, and has been at all times since the Date of Grant set out in the Notice of Option Grant engaged by the Company or any Affiliate thereof.
Continuous Engagement Required. Except as otherwise provided in this Section 2, no Restricted Shares shall become Unrestricted Shares unless the Recipient is, and has been at all times since the date of grant of the Restricted Shares, a director of the Company. If the Recipient ceases to be a director for any reason, then any Restricted Shares that have not become Unrestricted Shares pursuant to the vesting schedule above and that do not become Unrestricted Shares pursuant to Section 6 as a result of such termination, shall be forfeited immediately upon such cessation and revert back to the Company without any payment to the holder thereof, and the Company shall (i) cause to be cancelled on its books and records all such Restricted Shares, (ii) not pay any dividend to the Recipient on account of such Restricted Shares, and (iii) permit the Recipient to exercise any of the privileges or rights of a stockholder of the Company with respect to such Restricted Shares.