Common use of Termination as a Director Clause in Contracts

Termination as a Director. If the Director for any reason ceases to be a member of the Board of Directors of the Corporation (such event being hereinafter referred to as a 'Termination'), then: (a) To the extent this Option shall have become exercisable on or prior to the date of Termination, it shall remain exercisable until the Expiration Date; and (b) Any portion of this Option that had not become exercisable on or prior to the date of Termination shall immediately terminate and shall not thereafter become exercisable. This Option does not confer upon the Director any right with respect to continuance as a member of the Board of Directors of the Corporation.

Termination as a Director. If the Director for any reason ceases to be a member of the Board of Directors of the Corporation (such event being hereinafter referred to as a '“Termination'”), then: (a) To the extent this Option shall have become exercisable on or prior to the date of Termination, it shall remain exercisable until the Expiration Date; and (b) Any portion of this Option that had not become exercisable on or prior to the date of Termination shall immediately terminate and shall not thereafter become exercisable. This Option does not confer upon the Director any right with respect to continuance as a member of the Board of Directors of the Corporation.

Termination as a Director. If the Director for any reason ceases to be a member of the Board of Directors of the Corporation (such event being hereinafter referred to as a '“Termination'”), then: (a) To the extent this the Option shall have become exercisable on or prior to the date of Termination, it shall remain exercisable until the Expiration Date; and (b) Any portion of this the Option that had not become exercisable on or prior to the date of Termination shall immediately terminate and shall not thereafter become exercisable. This The Option does not confer upon the Director any right with respect to continuance as a member of the Board of Directors of the Corporation.

Termination as a Director. If the Director for any reason ceases to be a member of the Board of Directors of the Corporation (such event being hereinafter referred to as a '"Termination'"), then: (a) To the extent this Option shall have become exercisable on or prior to the date of Termination, it shall remain exercisable until the Expiration Date; and (b) Any portion of this Option that had not become exercisable on or prior to the date of Termination shall immediately terminate and shall not thereafter become exercisable. This Option does not confer upon the Director any right with respect to continuance as a member of the Board of Directors of the Corporation.

Termination as a Director. If the Director for any reason ceases to be a member of the Board of Directors of the Corporation (such event being hereinafter referred to as a '"Termination'"), then: (a) To the extent this Option option shall have become exercisable on or prior to the date of Termination, it shall remain exercisable until the Expiration Date; and (b) Any portion of this Option that had not become exercisable on or prior to the date of Termination shall immediately terminate and shall not thereafter become exercisable. This Option does not confer upon the Director any right with respect to continuance as a member of the Board of Directors of the Corporation.