Common use of Termination of Service on the Board Clause in Contracts

Termination of Service on the Board. (a) Except as provided in Sections 7(b), 8 or 9 below, if the Director resigns from service as a member of the Board of Directors, decides not to stand for reelection at the expiration of the Director's term of office, is not nominated by the Board to stand for election at the Annual Stockholders' Meeting at which the Director's term of office expires, or, if nominated, is not reelected, then any Restricted Stock Units held by the Director which have not yet vested shall not be forfeited, but shall remain unvested until such time as such Restricted Stock Units would otherwise have become vested as provided in Section 3 (disregarding, for purposes of this Section 7(a), the requirement of continued service on the Board of Directors as specified in Section 3) and shall be issued pursuant to Section 4.

Termination of Service on the Board. (a) Except as provided in Sections 7(b6(b), 7 or 8 or 9 below, if the Director resigns from service as a member of the Board of Directors, decides not to stand for reelection at the expiration of the Director's ’s term of office, is not nominated by the Board to stand for election at the Annual Stockholders' ’ Meeting at which the Director's ’s term of office expires, or, if nominated, is not reelected, then any Restricted Deferred Stock Units held by the Director which have not yet vested shall not be forfeited, but shall remain unvested until such time as such Restricted Deferred Stock Units would otherwise have become vested as provided in Section 3 (disregarding, for purposes of this Section 7(a6(a), the requirement of continued service on the Board of Directors as specified in Section 3) and shall be issued pursuant to Section 4.

Termination of Service on the Board. (a) Except as provided in Sections 7(b6(b), 7 or 8 or 9 below, if the Director resigns from service as a member of the Board of Directors, decides not to stand for reelection at the expiration of the Director's ’s term of office, is not nominated by the Board to stand for election at the Annual Stockholders' ’ Meeting at which the Director's ’s term of office expires, or, if nominated, is not reelected, then any Restricted Deferred Stock Units held by the Director which have not yet vested shall not be forfeited, but shall remain unvested until such time as such Restricted Deferred Stock Units would otherwise have become vested as provided in Section 3 (disregarding, for purposes of this Section 7(a6(a), the requirement of continued service on the Board of Directors as specified in Section 3) and shall be issued delivered pursuant to Section 4.

Termination of Service on the Board. (a) Except as provided in Sections 7(b6(b), 7 or 8 or 9 below, if the Director resigns from service as a member of the Board of Directors, decides not to stand for reelection at the expiration of the Director's ’s term of office, is not nominated by the Board to stand for election at the Annual Stockholders' ’ Meeting at which the Director's ’s term of office expires, or, if nominated, is not reelected, then any Restricted Deferred Stock Units held by the Director which have not yet vested shall not be forfeited, but shall remain unvested until such time as such Restricted Deferred Stock Units would otherwise have become vested as provided in Section 3 (disregarding, for purposes of this Section 7(a6(a), the requirement of continued service on the Board of Directors as specified in Section 3) and shall be issued pursuant to Section 4).