Removal from the Board. In the event of that the Executive is removed from the Board or fails to be reelected to the Board, the Executive shall be entitled to receive the following:
Removal from the Board. The IFMI Manager hereby agrees that, pursuant to Article IV of the Agreement, the IFMI Manager may be removed or replaced as a Manager (i) upon the occurrence of the events set forth in Section 4.03(a) of the Agreement or (b) at any time for Cause. The IFMI Manager hereby agrees that for purposes of the Agreement, “Cause” shall mean the IFMI Manager’s:
Removal from the Board. If Grantee is removed from the Board and in the fiscal year of the Company preceding the year in which Grantee is removed from the Board Grantee failed to attend at least 66 percent of the meetings of the Board and any committees of the Board on which Grantee then served as a director, then all of Grantee’s rights in the option shall terminate and become null and void on the earlier of the Expiration Date or the date Grantee is removed from the Board.
Removal from the Board. If the Participant, prior to the Final Exercise Date, is removed by the Company from the Board of Directors, the right to exercise this option shall terminate immediately upon the effective date of such removal.
Removal from the Board. Any director or officer elected by the Board may be removed with or without cause by a two-thirds (2/3) vote of the total Board membership at any regular or special meeting, provided that prior notice has been given of such meeting as provided in Section 4 of this article. Any director who fails without cause to attend three (3) consecutive meetings may be removed from the Board by a two-thirds (2/3) vote of the Board at the third consecutive regular meeting missed.
