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)
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