Common use of Term of Option; Continuation of Service Clause in Contracts

Term of Option; Continuation of Service. Subject to the early termination provisions set forth in Sections 7 and 8 of this Agreement, this Option shall expire, and all rights hereunder to purchase the Option Shares shall terminate 10 years from the Grant Date. Nothing contained herein shall be construed to interfere in any way with the right of the Company, or its shareholders, or the Board, to remove or not elect Recipient as an officer and or a director of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.

Term of Option; Continuation of Service. Subject to the early termination provisions set forth in Sections 7 and 8 of this Agreementherein, this Option shall expire, and all rights hereunder to purchase the Option Shares shall terminate 10 five (5) years from the Grant Datedate hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company, Company or its shareholders, or the Board, shareholders to remove or not elect Recipient Optionee as an officer and or a director of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.

Term of Option; Continuation of Service. Subject to the early termination provisions set forth in Sections 7 and 8 of this Agreementhereof, this Option shall expire, and all rights hereunder to purchase the Option Shares shall terminate 10 5 years from the Grant Datedate hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company, Company or its shareholders, or the Board, shareholders to remove or not elect Recipient Optionee as an officer and or a director of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.