Common use of Termination of Directorship Clause in Contracts

Termination of Directorship. If Optionee shall cease to be a member of the Board of Directors of the Company for any reason, the Option shall terminate three months following such event.

Appears in 4 contracts

Samples: Director Stock Option Agreement (Premier Research Worldwide LTD), Director Stock Option Agreement (Premier Research Worldwide LTD), Director Stock Option Agreement (Premier Research Worldwide LTD)

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Termination of Directorship. If Optionee Xxxxxxxx shall cease to be a member of the Board of Directors of the Company for any reason, the Option shall terminate three months following such event.

Appears in 1 contract

Samples: Director Stock Option Agreement (Premier Research Worldwide LTD)

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