Common use of Term of Directorship Clause in Contracts

Term of Directorship. This Option shall not grant to Optionee any right to continue serving as a member of the Company's board of directors.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Grey Wolf Inc), Non Qualified Stock Option Agreement (Somerset Capital Partners), Exhibit Ix (Somerset Capital Partners)

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Term of Directorship. This Option shall not grant to Optionee any right to continue serving as a member director of the Company's board of directors.

Appears in 2 contracts

Samples: Option Agreement (Allied Waste Industries Inc), Compaq Computer Corp

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