Termination Due to Cessation of Service as a Director. The expiration of thirty (30) days from the date the Optionee ceases to serve as a director of the Company or Related Corporation, as the case may be, unless the Optionee continues to be engaged by the Corporation as an Employee (as defined in the Plan), officer or consultant in which event the terms of the Option shall be governed by the provisions of Section 6.
Appears in 5 contracts
Samples: Stock Option Agreement (Se Global Equities Corp), Individual Stock Option Agreement (Se Global Equities Corp), Consulting Agreement (Rocketinfo Inc.)