No Right to Directorship. The issuance of the RSUs or the Shares shall not be construed as giving Participant the right to continue as a director of the Company, nor will it affect in any way the right of the Company to terminate such directorship at any time in accordance with its bylaws. In addition, the Company may at any time terminate the term of a director of the Company in accordance with its bylaws free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Company or any Affiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Company or an Affiliate. By participating in the Plan, Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
No Right to Directorship. Optionee shall be considered to be in service on the Board so long as he or she remains a director of the Company. Any questions as to whether and when there has been a termination of such service on the Board and the cause of such termination shall be determined by the Board, and its determination shall be final. Nothing contained herein shall be construed as conferring upon Optionee the right to continue service on the Board.
No Right to Directorship. This Agreement shall not be construed as giving the Participant the right to remain as a member of the Board of Directors of the Company. The Company may at any time remove a member of the Board of Directors of the Company free from any liability or any claim under the Plan or this Agreement.
No Right to Directorship. None of this Agreement, the Plan or the grant of Restricted Units hereunder shall (a) guarantee that the Participant will serve as a director of the Company or any Affiliate for any specific time period or (b) modify or limit in any respect the Company’s or any Affiliate’s right to terminate or modify the Participant’s service or compensation.
No Right to Directorship. Nothing contained in the Plan, this Agreement, any Election Form or other related document shall be construed to (a) confer upon Director any right to continue to serve as a director of the Company, (b) restrict in any way the Company’s right to terminate or change the terms or conditions of Director’s directorship at any time, or (c) confer upon Director or any other person any claim or right to any Compensation or other Award or distribution under this Agreement or the Plan except in accordance with their terms.
No Right to Directorship. Nothing in this Agreement shall confer upon the Director any right to continue to be a Director of the Company or shall interfere with or restrict in any way the rights of the Company to terminate the Director’s service.
No Right to Directorship. Nothing in this Award or the Plan shall confer upon or be construed as giving Optionee any right to remain on the Board as a member or advisory director.
No Right to Directorship. Neither the granting of the Option, the exercise of any part thereof, nor any provision of the Agreement shall confer upon or be construed as giving the Optionee any right to remain on the Board of Directors of the Company as a member or advisory director.
No Right to Directorship. Any questions as to whether and when there has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate the Participant’s directorship at any time, for any reason and with or without Cause. [PARTICIPANT NAME] - DUNE ENERGY, INC. - 2012 STOCK INCENTIVE PLAN - NON-QUALIFIED STOCK OPTION AWARD AGREEMENT - (Non-Employee Directors) Page 3
No Right to Directorship. Nothing contained herein shall be construed as conferring upon Executive the right to continue in the service on the Board of Directors of Prosperity Bank, and Executive will be subject to re-election as a director of Prosperity Bank when and as required by the Bylaws of Prosperity Bank.
