Effect of Termination of Board Service. Upon termination of the Director’s service on the Board for any reason (whether initiated by the Company or by the Director), any unvested Shares shall be forfeited, provided that if the Director’s service on the Board is terminated by reason of the Director’s death or disability (as determined by the Board), the Director’s Shares shall become vested as of the date the Director’s service on the Board terminates.
Effect of Termination of Board Service. Notwithstanding anything contained in this Agreement, if the Consultant is not reappointed to a position on the Board, such event will not act as a termination or breach of the Consulting Agreement by the Company.
Effect of Termination of Board Service. If the Optionee’s service on the Board terminates before , 20 , the Option shall expire on the date set forth below, as applicable:
Effect of Termination of Board Service. The exercise periods that apply to the Option upon termination of the Optionee's service on the Board are set forth below.
Effect of Termination of Board Service. If the Optionee's service on the Board terminates before (seven years from the grant date), the Option shall expire on the date set forth below, as applicable:
Effect of Termination of Board Service. Following the termination of your service on the Board of Directors of the Company, your right to exercise the Option, as well as that of your beneficiary or beneficiaries, shall be as follows:
Effect of Termination of Board Service. (a) If your board service terminates by reason of your death, the Option may be exercised at any time within 12 months after the date of your death, to the extent that the Option was exercisable by you on the date of death, by your personal representatives or administrators or by any person or persons to whom the Option has been transferred by will or the applicable laws of descent and distribution, subject to the condition that the Option shall not be exercisable after the Expiration Date of the Option.
