Termination as a Director. If the Director for any reason ceases to be a member of the Board of Directors of the Corporation (such event being hereinafter referred to as a 'Termination'), then:
Termination as a Director. In the event that during the term of the Restricted Period the Participant's status as a non-employee Director of the Company terminates:
Termination as a Director. (a) If the Optionee shall cease to serve as a director of the Company for any reason whatsoever (a "Termination"), the Option, to the extent it is not exercisable pursuant to Section 4.1 hereof on the date of such Termination, shall terminate and be of no further force and effect from and after the date of such Termination.
Termination as a Director. (a) If the Optionee's service as a director shall cease by reason of Normal Termination, the Options shall remain exercisable until the earlier of the Termination Date or the date that is three months after the date of such Normal Termination to the extent the Options were exercisable at the time of such Normal Termination. For purposes of this Agreement, the term "Normal Termination" shall mean termination of Optionee's service as a director of the Company (i) on account of Disability; (ii) with the written approval of the Board of Directors of the Company (the "Board"); or (iii) by the Board without Cause. For purposes of the preceding sentence, (I) "Disability" shall mean the complete and permanent inability by reason of illness or accident to perform the duties of a member of the Board, and (II) "Cause" shall mean the Board having cause to terminate the Optionee's service as a director upon (A) the determination by the Board that the Optionee has ceased to perform his duties to the Company (other than as a result of his incapacity due to physical or mental illness or injury), which failure amounts to an intentional and extended neglect of his duties to the Company, (B) the Board's determination that the Optionee has engaged or is about to engage in conduct materially injurious to the Company or a subsidiary thereof, or (C) the Optionee having been convicted of a felony.
Termination as a Director. Any termination of Mr. Xxxx'x xxxtus as an employee of the Company will also automatically terminate Mr. Xxxx'x xxxtus as an officer and Micronics/Hart Employment Agreement as a director serving on the Board, without any further action having to be taken by any person or entity. However, Mr. Xxxx xxxees to provide such written resignations therefrom as the Company may reasonably request.
Termination as a Director. The Company and Xxxxx acknowledge and agree that, effective as of the Board End Date, Xxxxx shall no longer be a member of the Board or its Chairman and shall be deemed to have resigned from all officer and director positions set forth on Exhibit 1 hereto, and the Company shall accept such resignations. Xxxxx shall continue to serve as the Company’s designee on the Board of Directors of Linkem S.p.A. (“Linkem”) following the Board End Date, although the Company shall retain the right, in its sole discretion, to replace Xxxxx as the Company’s designee.
Termination as a Director. (i) If the Optionee’s service as a director is terminated due to death or Disability (as such term is defined in the Plan), this Option will immediately become exercisable in full, to the extent not already exercisable, and will remain exercisable for one year from the date of such termination of service (but in no event after the Time of Termination).
Termination as a Director. If the Optionee ceases to be a director, unless such cessation occurs due to death or disability, then the Option shall terminate on the date thirty days after the date the Optionee ceases to be a director.
Termination as a Director. In the event that Optionee shall cease to be ------------------------- a director, or, if Optionee is a director emeritus of the Corporation, Optionee shall cease to be a director emeritus, of the Corporation (otherwise than by reason of death or disability), the Option shall be exercisable (to the extent that Optionee shall have been entitled to do so at the time of said cessation) at any time prior to such cessation, but in no event later than the specified expiration date of the Option. Nothing in the Plan or in this Agreement shall confer upon Optionee any right to be continued as a director or as a director emeritus of the Corporation for the term of the Option or for any portion thereof or for any other period of time, or interfere in any way with the right of the stockholders and/or the directors of the Corporation to replace or remove Optionee as a director or a director emeritus of the Corporation, with or without cause, in accordance with the Corporation's By-laws and applicable law.
Termination as a Director. Except as may otherwise be provided by the Committee, if the Optionee ceases to be a Director, the period within which to exercise this Stock Option will be subject to earlier termination as set forth below (and if not exercised within such period, shall thereafter terminate):
