Common use of Termination of Board Service Clause in Contracts

Termination of Board Service. The Option shall terminate on, and may not be exercised after the earlier of (i) the date that is one year after termination of Optionee’s service on the Board for any reason and (ii) the expiration of the Option Period.

Appears in 3 contracts

Samples: Stock Option Agreement (United Continental Holdings, Inc.), Stock Option Agreement (United Continental Holdings, Inc.), Outside Director Stock Option Agreement (United Continental Holdings, Inc.)

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Termination of Board Service. The Option shall terminate on, and may not be exercised after the earlier of (i) the date that is one year after termination of Optionee’s 's service on the Board for any reason and (ii) the expiration of the Option Period.

Appears in 3 contracts

Samples: Outside Director Stock Option Agreement (Continental Airlines Inc /De/), Outside Director Stock Option Agreement (Continental Airlines Inc /De/), Stock Option Agreement (Continental Airlines Inc /De/)

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