Common use of Scope of Consulting: After Board Service Clause in Contracts

Scope of Consulting: After Board Service. If you leave our Board through resignation as a part of our process of merging with or acquiring another entity, or being acquired by or merging into another entity, we will (unless you tender your written resignation) expect to call upon you for transition consulting at a level consistent with your earlier service on the Board, for the duration of the vesting period of your option grants.

Appears in 4 contracts

Samples: Board of Directors Consulting and Indemnity Agreement (Electroglas Inc), Board of Directors Consulting and Indemnity Agreement (Electroglas Inc), Board of Directors Consulting and Indemnity Agreement (Electroglas Inc)

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