Common use of Directorship Term Clause in Contracts

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on June 1, 2010 and terminating on the 31st day of May 2011 or the earliest of the following to occur: (a) the death of the Director (“Death”); (b) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the shareholders of the Company; (d) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current employer determines that the Director’s continued service on the Board conflicts with his fiduciary obligations to his current employer (a “Fiduciary Resignation”); and (e) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on June 1September 28, 2010 and terminating on the 31st 28th day of May 2011 September, 2011, or the earliest of the following to occur: (a) the death of the Director (“Death”)Director; (b) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the shareholders of the Company; (d) the resignation by the Director from the Board if if, after the date hereof, the Chief Executive Officer chief executive officer of his current employer determines that the Director’s continued service on the Board conflicts with his fiduciary obligations to his current employer (a “Fiduciary Resignation”); and (e) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer chief executive officer of his current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Directorship Term. The “Directorship Term,” ”, as used in this Agreement, shall mean the period commencing on June 1, 2010 and terminating on the 31st day of May 2011 or the earliest of the following to occur: (a) the death of the Director (“Death”); (b) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the shareholders of the Company; (d) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current employer determines that the Director’s 's continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a “"Fiduciary Resignation”"); and (e) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on June 1October 6, 2010 and terminating on the 31st 6th day of May 2011 October, 2011, or the earliest of the following to occur: (a) the death of the Director (“Death”)Director; (b) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the shareholders of the Company; (d) the resignation by the Director from the Board if if, after the date hereof, the Chief Executive Officer chief executive officer of his current employer determines that the Director’s continued service on the Board conflicts with his fiduciary obligations to his current employer (a “Fiduciary Resignation”); and (e) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer chief executive officer of his current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Directorship Term. The “Directorship Term,” ”, as used in this Agreement, shall mean the period commencing on June 1, 2010 and terminating on the 31st day of May 2011 or the earliest of the following to occur: (a) the death of the Director (“Death”); (b) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the shareholders of the Company; (d) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current employer determines that the Director’s continued service on the Board conflicts with his fiduciary obligations to his current employer (a “Fiduciary Resignation”); and (e) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.