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.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Us Legal Support Inc), Nonqualified Stock Option Agreement (Lark Technologies Inc), Nonqualified Stock Option Agreement (Lark Technologies Inc)
No Right to Directorship. Optionee who is a director shall be considered to be in service on the Board so long as he or she remains a director of in service on the CompanyBoard. 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 BoardCommittee, and its determination shall be final. Nothing contained herein shall be construed as conferring upon Optionee the right to continue in service on the Board.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Allegiance Bancshares, Inc.)
