Termination of Board Membership. Except as provided below, if your Board membership terminates prior to [One-year anniversary of grant date], this Award shall terminate and all Restricted Stock Units awarded hereunder shall be forfeited and canceled.
Termination of Board Membership. Any portion of this grant which has ------------------------------- not vested shall lapse immediately if Optionee ceases to be a member of the Board of Directors of the Company, and all rights and privileges contained herein shall become null and void and of no further force or effect. Any unexercised, but vested portion of this grant shall lapse 90 days after Optionee ceases to be a member of the Board of Directors of the Company, and all rights and privileges contained herein shall become null and void and of no further force or effect.
Termination of Board Membership. Should the Optionee's service as a Board member cease while this option remains outstanding, then the option term specified in Paragraph 2 shall terminate (and this option shall cease to remain outstanding) prior to the Expiration Date in accordance with the following provisions:
Termination of Board Membership. If Optionee's membership on the Board is terminated for any reason other than his or her death, this Option may be exercised by Optionee at any time prior to the end of the calendar year containing the Date of Grant, or within twelve (12) months after the termination of Board membership, whichever is longer (but in no event after the expiration of ten (10) years from the Date of Grant) with respect to all or any part of the number of shares remaining subject to the Option. At the end of such period, this Option shall expire. If Optionee's membership on the Board is terminated by reason of his or her death, this Option may be exercised by his or her estate or the person or persons who acquire the right to exercise this Option by bequest or inheritance at any time within one (1) year after the date of death to the extent Optionee was entitled to exercise the Option at the time of his or her death (but in no event after the expiration of a period of ten (10) years from the Date of Grant) with respect to all or any part of the number of shares remaining subject to the Option. At the end of such period, this Option shall expire.
Termination of Board Membership. The termination of Optionee's membership from the Board for any reason shall have no effect on the exercisability of the Options which shall remain exercisable until the expiration of the Options' term.
Termination of Board Membership. If your membership on the Board terminates before a vesting date for any reason, you will forfeit all RSUs in which you have not yet vested, unless: ● you terminate because you become “Disabled” or die, ● your termination occurs after you have served as a member on the Board for at least 5 years (other than by removal from the Board for cause, as determined by the Board), or ● there is a sale of Littelfuse stock or assets that qualifies as a “Change in Control” under the Plan, in which case the unvested portion of your RSUs shall become immediately vested.
Termination of Board Membership. If your membership on the Board terminates before a vesting date for any reason, you will forfeit all RSUs in which you have not yet vested, unless your membership on the Board terminates because you become “Disabled” or die, or after you have served as a member on the Board for at least 5 years (other than by removal from the Board for cause, as determined by the Board), in which case the unvested portion of your RSUs shall become immediately vested. In all events, if there is a sale of Littelfuse stock or assets that qualifies as a “Change in Control” under the Plan, all of your RSUs will automatically vest. Additional Terms: Your rights and duties and those of Littelfuse under your Award are governed by the provisions of this Award Agreement and the attached Terms and Conditions and Plan document, both of which are incorporated into this Award Agreement by reference. If there is any discrepancy between these documents, the Plan document will always govern. Questions: If you have any questions regarding your Award, please see the enclosed Terms and Conditions, or contact the Global Director, Compensation and Benefits. LITTELFUSE, INC. By: Name: Xxxxxx Xxxxxx Title: Chairman, President & CEO LITTELFUSE, INC. LONG-TERM INCENTIVE PLAN
Termination of Board Membership. An Option shall be forfeited as of the date that the Participant ceases to be a Director except to the extent that the Option is then exercisable or becomes exercisable as of that date. An Option that is exercisable or that becomes exercisable when a Participant ceases to be a Director may be exercised (by the Participant or his estate or beneficiary following his death) until the date that is ten years from the Option's Date of Grant.
Termination of Board Membership. In the event a Participant’s board membership terminates for any reason, including (without limitation) death or Disability, then the Participant’s Account Balance shall be paid to the Participant (and after the Participant’s death, to his or her Beneficiary). Payment shall be made in the form of a single lump sum payment on the Distribution Date.
Termination of Board Membership. This SAR Award is not transferable by you other than pursuant to Section 4.3 of the Plan, and may be exercised only by you during your lifetime and while you remain a member of the Board of the Company, subject to the following:
