Common use of Termination of Options Granted in the Optionee's Capacity as a Director Clause in Contracts

Termination of Options Granted in the Optionee's Capacity as a Director. Notwithstanding Section 6, any Options that have vested and which have been granted to the Optionee in the Optionee's capacity as a director of the Company or a Related Corporation shall terminate upon the occurrence of the first of the following events:

Appears in 7 contracts

Samples: Option Plan (Sun New Media Inc.), Individual Stock Option Agreement (Se Global Equities Corp), Stock Option Agreement (Sun New Media Inc.)

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