Common use of Death of Director Clause in Contracts

Death of Director. Subject to Section 10.13, notwithstanding Section 9.2.4, if a Non-employee Director dies prior to the expiration of his or her options in accordance with Section 9.2.4, his or her options shall terminate three (3) years after the date of his or her death.

Appears in 2 contracts

Samples: 2005 Omnibus Stock Plan (Varian Medical Systems Inc), 2005 Omnibus Stock Plan (Varian Medical Systems Inc)

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Death of Director. Subject to Section 10.13, notwithstanding Section 9.2.49.3.4, if a Non-employee Director dies prior to the expiration of his or her options in accordance with Section 9.2.49.3.4, his or her options shall terminate three (3) years after the date of his or her death.

Appears in 2 contracts

Samples: 2017 Omnibus Stock Plan (Varex Imaging Corp), 2017 Omnibus Stock Plan (Varex Imaging Corp)

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Death of Director. Subject to Section 10.13, notwithstanding Notwithstanding Section 9.2.4, if a Non-employee Director dies prior to the expiration of his or her options in accordance with Section 9.2.4, his or her options shall terminate three (3) years after the date of his or her death.

Appears in 1 contract

Samples: Omnibus Stock Plan (Varian Medical Systems Inc)

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