Common use of Termination of Service as Director Clause in Contracts

Termination of Service as Director. (i) Except as provided in Section 4(d)(ii) hereof, if the Optionee's service as a member of the Board is terminated for any reason (other than death or disability), the Option (to the extent vested on the date of termination) may be exercised at any time within one year after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination.

Termination of Service as Director. (i) Except as provided in Section 4(d)(ii) hereof, if the Optionee's service as a member of the Board is terminated for any reason (other than death or disability), the Option (to the extent vested on the date of termination) may be exercised at any time within one year ninety days after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination.

Termination of Service as Director. (i) Except as provided in Section 4(d)(ii4(c)(ii) hereof, if the Optionee's service as a member of the Board is terminated for any reason (other than death or disability), the Option (to the extent vested on the date of termination) may be exercised at any time within one year after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination.

Termination of Service as Director. (i) Except as provided in Section 4(d)(ii) hereof, if the Optionee's If Participant’s service as a member of the Board Director is terminated for any reason (other than death or disability)reason, the right to exercise this Option (to the extent that it is vested in accordance with the applicable provisions of Section 4 hereof) shall end on the earlier of the following dates: (i) two (2) years after the date of termination) may be exercised at any time within one year after such termination or (but not beyond ii) the Term of the Option)Expiration Date. The OptionExcept as expressly set forth otherwise herein, to the extent not then vested, this Option shall immediately expire terminate in all other respects upon such terminationtermination of Participant’s service as Director.