Director DCP Sample Clauses

Director DCP. For any members of the Board of Directors of the Company (the “Company Board”) who elected to have amounts deferred under the Director DCP deemed invested in Company Common Stock, (i) each share of Company Common Stock purchased by the Company and held as treasury stock immediately prior to the Effective Time in connection with such deferrals shall be cancelled in accordance with Section 2.01(b) hereof, and (ii) each such director shall be entitled to receive therefore a cash payment, without interest, in an amount equal to the Merger Consideration, subject to and payable in accordance with the terms of the Director DCP.