Termination as Director. If the Optionee ceases to be a Director of the Company, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below.
Termination as Director. Subject to Section 4 below, if the Optionee ceases to be a Director of the Company for any reason, this Stock Option shall no longer vest or become exercisable with respect to any Option Shares not vested.
Termination as Director. If the Optionee ceases to be a Director for any reason including by reason of the Optionee’s death, any portion of this Share Option outstanding on such date may be exercised, to the extent exercisable on the date the Optionee ceased to be a Director, for a period of three years after the date the Optionee ceased to be a Director or until the Expiration Date, if earlier. Any portion of this Share Option that is not exercisable on the date the Optionee ceases to be a Director shall terminate immediately and be of no further force or effect.
Termination as Director. If the Optionee ceases to be a member of the Board for any reason, any portion of this Share Option outstanding on such date may be exercised, to the extent exercisable on the date the Optionee ceased to be a member of the Board (including any acceleration of vesting under Paragraph 1), for a period of three years after the date the Optionee ceased to be a member of the Board or until the Expiration Date, if earlier. Any portion of this Share Option that is not exercisable on the date the Optionee ceases to be a member of the Board shall terminate immediately and be of no further force or effect.
Termination as Director. If the Grantee ceases to be a Director of the Company prior to the vesting or termination of this Award, the following shall occur:
Termination as Director. If, during any period of time in which any of the Director’s shares are unvested, the Director ceases to be a member of the Board of Directors of the Company or an Affiliate thereof for any reason, the Director shall be vested only as to that percentage of shares of Restricted Stock which is vested at the time of his termination as a member of the Board of Directors. The Director shall forfeit the right to the shares of Restricted Stock which are not yet vested. Notwithstanding the foregoing, the Company reserves the right, in its sole discretion, to determine that all or some of the shares of Restricted Stock which would otherwise be forfeited upon the Director’s termination as a member of the Board of Directors of the Company or an Affiliate shall be 100% vested and transferable depending upon the circumstances relating to such termination.
Termination as Director. The Participant’s termination as a Director of the Corporation for whatever reason.
Termination as Director. If you separate from service as a director before February 28, 2009, your Award will be treated as follows.
Termination as Director. (a) The right to exercise this Option will be suspended upon formal written notice to the Optionee by the Chief Executive Officer of the Company of his or her belief that an act of misconduct has been committed by Optionee. If the Board (excluding Optionee) determines that such misconduct has occurred, then neither the Optionee nor Optionee’s estate shall be entitled to exercise any Option whatsoever. Optionee shall be notified of such finding in writing. “
Termination as Director. (a) If the Optionee ceases to be a Director of the Company by reason of death, this Stock Option may thereafter be exercised, to the extent it was vested and exercisable on the effective date of such termination, by the personal representative or legatee of the Optionee until the earliest of (i) one year from the date of death, (ii) the Expiration Date, or (iii) the date provided by Section 7 hereof, and any Stock Options not exercised by such date shall lapse and terminate.
