Common use of Termination of Service as Director Clause in Contracts

Termination of Service as Director. (i) If the Grantee ceases to be a member of the Board for any reason other than death, disability or Cause, then (A) all RSUs that have vested on or prior to the date the Grantee ceased to be a member of the Board shall be converted into an equivalent number of shares of Common Stock and immediately distributed to the Grantee, and (B) the Grantee shall forfeit all RSUs which have not yet become vested as of the date the Grantee ceased to be a member of the Board.

Termination of Service as Director. (i) If the Grantee ceases to be a member of perform services for the Board Corporation for any reason other than death, disability or Cause, then (A) all RSUs that have vested on or prior to the date the Grantee ceased to be a member of perform services for the Board Corporation shall be converted into an equivalent number of shares of Common Stock and immediately distributed to the Grantee, and (B) the Grantee shall forfeit all RSUs which have not yet become vested as of the date the Grantee ceased to be a member of perform services for the BoardCorporation.