Common use of Termination as a Director Clause in Contracts

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:

Appears in 4 contracts

Samples: Stock Option Agreement (Ems Technologies Inc), Stock Option Agreement (Ems Technologies Inc), Stock Option Agreement (Ems Technologies Inc)

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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 'β€œTermination'”), then:

Appears in 2 contracts

Samples: Stock Option Agreement (Ems Technologies Inc), Stock Option Agreement (Ems Technologies Inc)

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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:

Appears in 2 contracts

Samples: Stock Option Agreement (Electromagnetic Sciences Inc), Stock Option Agreement (Electromagnetic Sciences Inc)

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