Common use of Termination of Status as a Director Clause in Contracts

Termination of Status as a Director. If the Optionee ceases to serve as a director, the Optionee may, but only within twelve (12) months after the date the Optionee ceases to be an outside director of the Company, exercise his Option to the extent the Optionee was entitled to exercise it at the date of such termination. To the extent that the Optionee was not entitled to exercise the Option at the date of such termination, or if the Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. If In the Optionee ceases to serve event of termination of Optionee's continuous status as a directorDirector, the Optionee may, but only within twelve ninety (1290) months days after such event of termination of an Optionee's continuous status as a Director (but in no event later than the date the Optionee ceases to be an outside director of expiration of the Company, term of the Option) exercise his the Option to the extent the Optionee that he was entitled to exercise it at the date of such termination. To the extent that the Optionee he was not entitled to exercise the Option at the date of such termination, or if the Optionee he does not exercise such the Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. If the Optionee ceases to serve as a directorDirector, the Optionee he may, but only within twelve thirty (1230) months days after the date the Optionee ceases he ceased to be an outside director a Director of the Company, exercise his this Option to the extent the Optionee that he was entitled to exercise it at the date of such termination. To the extent that the Optionee he was not entitled to exercise the Option this option at the date of such termination, or if the Optionee he does not exercise such this Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. If the Optionee ceases to serve as a directorDirector, the Optionee may, but only within twelve ninety (1290) months days after the date the Optionee ceases to be an outside director a Director of the Company, exercise his this Option to the extent the that Optionee was entitled to exercise it at the date of such termination. To the extent that the Optionee was not entitled to exercise the this Option at the date of such termination, or if the Optionee does not exercise such this Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. If the Optionee ceases to serve as a directordirector for reasons other than due to death, the Optionee may, but only within twelve (12) months after the date the Optionee ceases to be an outside director of the Company, exercise his Option to the extent the Optionee was entitled to exercise it at the date of such termination. To the extent that the Optionee was not entitled to exercise the Option at the date of such termination, or if the Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. If the Optionee ceases to serve as a director, the Optionee may, but only within twelve six (126) months after the date the Optionee ceases to be an outside director of the Company, exercise his or her Option to the extent the Optionee was entitled to exercise it at the date of such termination. To the extent that the Optionee was not entitled to exercise the an Option at the date of such termination, or if the Optionee does not exercise such Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. If the Optionee ceases to serve as a directorDirector, the Optionee he or she may, but only within twelve (12) months one year after the date the Optionee he or she ceases to be an outside director a Director of the Company, exercise his this Option to the extent the Optionee that he or she was entitled to exercise it at the date of such termination. To the extent that the Optionee was not entitled to exercise the this Option at the date of such termination, or if this Option shall be cancelled as of such date. To the extent that the Optionee does not exercise such this Option with respect to the exercisable Shares within the time specified herein, the Option shall terminatebe cancelled at the end of such time.

Termination of Status as a Director. If the Optionee ceases to serve as a directorDirector of the Company, the Optionee may, but only within twelve (12) months five years after the date the Optionee ceases to be an outside director a Director of the Company, exercise his this Option only to the extent the Optionee that he or she was entitled to exercise it this Option at the date of such termination, subject to the condition that the Option shall not be exercisable after the expiration of its term. To the extent that the Optionee was not entitled to exercise the this Option at the date of such termination, or if the Optionee does not exercise such this Option (which he or she was entitled to exercise) within the time specified herein, the this Option shall terminate.