Common use of Service as Director Clause in Contracts

Service as Director. Executive shall continue to serve on Parent’s Board of Directors. For as long as Executive shall continue to serve as President and Chief Executive Officer, he shall stand for re-election to such position at each annual meeting of the Parent’s stockholders. Executive’s failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resignation by Executive for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the Parent’s policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Parent or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law.

Service as Director. As of the Effective Date, Executive shall continue to serve on Parent’s Board is serving as a member of Directorsthe Board. For as long as Executive shall continue to serve as President and Chief Executive Officera member of the Board, he shall stand for re-election to such position at each annual meeting of the ParentCompany’s stockholders. Executive’s failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resignation by Executive for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the ParentCompany’s policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Parent Company or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law.

Service as Director. Executive shall continue will be appointed to serve on ParentCompany’s Board of DirectorsDirectors effective April 1, 2018. For as long as Executive shall continue to serve as President and Chief Executive Officer, he shall stand for re-election to such position at each annual meeting of the ParentCompany’s stockholders. Executive’s failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resignation by Executive for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the ParentCompany’s policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Parent Company or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law.

Service as Director. As of the Effective Date, Executive shall continue to serve on Parentis serving as a member of the Company’s Board of Directors. For as long as Executive shall continue to serve as President and Chief Executive Officer, he shall stand for re-election to such position at each annual meeting of the ParentCompany’s stockholders. Executive’s failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resignation by Executive for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the ParentCompany’s policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Parent Company or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law.

Service as Director. Executive shall continue to serve on ParentCompany’s Board of Directors. For as long as Executive shall continue to serve as President and Chief Executive Officer, he shall stand for re-election to such position at each annual meeting of the ParentCompany’s stockholders. Executive’s failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resignation by Executive for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the ParentCompany’s policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Parent Company or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law.