Services as a Director. Optionee acknowledges and agrees that the vesting of this Option is earned only by his or her continuing services as a director of the Company (not through the act of being appointed as a director, being granted this Option or acquiring shares hereunder). Optionee further acknowledges and agrees that nothing in this Agreement, nor in the Plan which is incorporated herein by reference, shall confer upon Optionee any right with respect to continuation of his or her services as a director, nor shall it interfere in any way with the right to terminate his or her services as a director of the Company at any time, with or without cause.
Services as a Director. Nothing in this Agreement gives the Optionee any right to continued service as a director of the Corporation or limits in any way the right of the Corporation, its directors or its stockholders to terminate that service.
Services as a Director. Employee shall receive no additional compensation for services provided by him as a member of the Company’s Board of Directors.
Services as a Director. The Executive agrees to serve as a director of the Company, if elected by the shareholders. If requested by the Board, the Executive agrees to serve as an officer and/or director of any subsidiary or other affiliated entity of the Company, if any. The Executive is not entitled to compensation for service as a director of the Company, or as an officer and/or director of any of the Company’s subsidiaries or other affiliated entities. The Executive is entitled to be reimbursed for reasonable expenses incurred in connection with the Executive’s service as a director of the Company, or as an officer and/or director of any subsidiary or affiliated entity of the Company.
Services as a Director. In the event and to the extent that the Executive continues to act as a director of the Company while he is performing consulting services under this section 4, he shall receive such fees for services as a director as are paid to the Company's outside directors, without any reduction of or offset to the consulting fees payable pursuant to section 4.4 hereof.
Services as a Director. The Company shall endeavor to cause Best to be nominated as a director of the Company's Board of Directors, and, if elected, Best will serve as a director for a term of not less than two years. Best shall receive compensation for services provided as a director as per the Company's director compensation program as in effect from time to time. Best shall be required to travel to attend Board meetings, and shall be entitled reimbursement for travel expenses as per the Company's reimbursement policies applicable to all directors.
Services as a Director. Xx. Xxxxxx’x continuing service as a non-executive member of the Board of the Company, including as Chairman, shall not in any way be affected as a result of any compensation he receives under the terms of this, or any other agreement with the Company, and he shall continue to be entitled to all compensation and benefits as received by other members of the Board.
Services as a Director. Consultant shall continue to serve as a Director of the Company until the expiration of his current term, whereupon the Company agrees, except for due cause, to have him included among management's nominees for election to its Board of Directors for each succeeding term ending not later than one year after the expiration of the Consulting Period. Consultant agrees that, except insofar as he may be unable to do so by reason of incapacity or ill health, he shall serve as a Director of the Company and of any of its subsidiaries during any part of the Consulting Period for which he may be elected to such a position. Consultant shall be entitled to standard Director's fees for any period during which he is serving as a Director of the Company, which fees shall be in addition to any compensation payable to Consultant pursuant to this Agreement.
Services as a Director. The Company agrees, except for due cause, to have him included among management's nominees for election to its Board of Directors for each succeeding term ending not later than one year after the expiration of the Consulting Period. Consultant agrees that, except insofar as he may be unable to do so by reason of incapacity or ill health, he shall serve as a Director of the Company and of any of its subsidiaries during any part of the Consulting Period for which he may be elected to such a position. Consultant shall be entitled to standard Director's fees for any period during which he is serving as a Director of the Company, which fees shall be in addition to any compensation payable to Consultant pursuant to this Agreement.
Services as a Director. For so long as Xx. Xxxxx is receiving compensation hereunder, she shall not be entitled to any additional compensation, fees or equity for her service on the Board of Directors of the Company, including as Chairman. Xx. Xxxxx acknowledges that the Tanox, Inc. 2000 Non-Employee Directors’ Stock Option Plan shall be amended to provide that non-employee directors who are receiving compensation for services as consultants to the Company shall not be eligible to receive grants of stock options under such plan.
