Common use of Termination of Directorship Clause in Contracts

Termination of Directorship. Upon termination of the Grantee's membership on the Board of Directors of the Company for any reason other than for cause or death, the Option granted hereby shall terminate ninety (90) days following the date of termination of the Grantee's membership on the board or, if earlier, on the Expiration Date. If the Grantee exercises the Option after termination of the Grantee's service on the Board of Directors, the Grantee may exercise the Option only with respect to the shares that were otherwise exercisable on the date of termination on the Grantee's service on the Board. If the Grantee's membership on the Board of Directors is terminated for cause, the Option granted hereby shall expire upon such termination.

Termination of Directorship. Upon termination of the Grantee's employment by the Company or its subsidiaries or membership on the Board of Directors of the Company for any reason other than for cause or death, the Option granted hereby shall terminate ninety (90) days following the date of termination of the Grantee's employment or membership on the board or, if earlier, on the Expiration Date. If the Grantee exercises the Option after termination of the Grantee's employment or service on the Board of Directors, the Grantee may exercise the Option only with respect to the shares that were otherwise exercisable on the date of termination on the Grantee's employment or service on the Board. If the Grantee's employment or membership on the Board of Directors is terminated for cause, the Option granted hereby shall expire upon such termination.

Termination of Directorship. Upon termination of the Grantee's membership on the Board of Directors of the Company for any reason other than for cause or of death, the Option granted hereby shall terminate ninety (90) days following the date of termination of the Grantee's membership on the board or, if earlier, on the Expiration Date. If the Grantee exercises exercised the Option after termination of the Grantee's service on the Board of Directors, the Grantee may exercise the Option only with respect to the shares that were otherwise exercisable on the date of termination on the Grantee's service on the Board. If the Grantee's membership on the Board of Directors is terminated for cause, the Option granted hereby shall expire upon such termination.