Termination of Director Status a) Your status as a Director may be terminated at any time by the vote of the stockholders of the Company (including any failure to elect you for an ensuing term at any annual meeting of stockholders) in accordance with the certificate of incorporation and bylaws of the Company. Any such termination will not affect your rights under options that have become vested, subject to the post-service exercisability period.
Termination of Director Status. Sections 6.2 and 6.4 of the Plan shall control.
Termination of Director Status. Sections 6.2 and 6.4 of the Plan shall control; provided, however, that for purposes of Section 6.2(a) of the Plan, in lieu of ninety (90) days after termination of Director Status, the Optionee shall have twenty-four months (24) months after such termination to exercise the Option.
Termination of Director Status. If the Optionee ceases to be a ------------------------------ director of the Company for any reason other than the Optionee's death or disability within the meaning of section 422(c) of the Code, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be a director, may be exercised by the Optionee at any time prior to the expiration of three (3) months from the date the Optionee's service as a director of the Company terminated, but in any event no later than the Option Term Date. If the Optionee ceases to be a director of the Company because of the death or disability of the Optionee within the meaning of section 422(c) of the Code, the Option, to the extent unexercised and exercisable by the Optionee on the date of such death or disability, may be exercised by the Optionee (or the Optionee's legal representation) at any time prior to the expiration of twelve (12) months from the date of the Optionee's service as a director of the Company terminated, but in any event no later than the Option Term Date. The Optionee's service as a director of the Company shall be deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee's termination of service as a director of the Company.
Termination of Director Status. (a) If the Optionee ceases to be director of the Company for reasons other than (i) retirement, (ii) permanent disability or (iii) death, the Option shall be exercisable by the Optionee, subject to paragraph 3(d) above, only within one year after such termination and only to the extent the Option was exercisable on the date of termination of director status.
Termination of Director Status. In the event the Optionee ceases to serve as a member of the Board for any reason,
Termination of Director Status. If you cease to be a Director with Spartan, you may exercise the Option as set forth below; provided, however, that in no event may you exercise the Option beyond the Expiration Date set forth above:
Termination of Director Status. (a) Should the Grantee cease to be a member of the Board (other than by reason of retirement (as defined below) death, permanent disability (as defined below), termination for cause (as defined below) or Involuntary Termination within thirty-six (36) months of a Change of Control (as provided in Paragraph 8)), this option will, solely to the extent that it is exercisable immediately prior to such cessation of membership on the Board, remain exercisable during the three-month period following the date of such cessation of such membership on the Board; provided, however, in no event will this option be exercisable at any time after the Expiration Date.
Termination of Director Status. In the event the Option Holder shall cease to be a director of the Company for any reason (other than a change in control pursuant to Paragraph 14 or pursuant to the Plan), this option shall terminate (notwithstanding Paragraph 3 of this Agreement) within the earlier of (1) three months after the date of cessation of director status or (2) the originally stated expiration date. This option shall be exercisable as provided above only to the extent this option was exercisable on the date of cessation of director status but had not previously been exercised.
Termination of Director Status. If the Participant ceases to serve as a director of the Company for any reason, then, except as provided in paragraph (d) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation.
