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

Termination of Status as a Director. In the event of the termination of the Outside Director's Continuous Status as a Director, he/she may, but only within thirty (30) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 below), exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he/she was not entitled to exercise this Option at the date of such termination, or if he/she does not exercise this Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. In the event of the termination of the Outside DirectorOptionee's Continuous Status as a Director, he/he or she may, but only within thirty three (303) days months after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 12 below), exercise this Option to the extent that he or she was entitled to exercise it at the date of such termination. To the extent that he/he or she was not entitled to exercise this Option at the date of such termination, or if he/he or she does not exercise this Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. In If the event of the termination of the Outside Director's Continuous Status Optionee ceases to serve as a Director, he/he or she may, but only within thirty three (303) days months after the date of such termination (but in no event later than the date of expiration he or she ceases to be a Director of the term of this Option as set forth in Section 11 below)Company, exercise this Option to the extent that he or she was entitled to exercise it at the date of such termination. Notwithstanding the foregoing, in no event may the Option be exercised after its five (5) year term has expired. To the extent that he/she the Optionee was not entitled to exercise this Option at the date of such termination, or if he/she the Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Termination of Status as a Director. In the event of the termination of the If an Outside Director's Continuous Status Director ceases to serve as a Director, he/she he may, but only within thirty ninety (3090) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 below)he ceases to be a Director, exercise this his Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he/she he was not entitled to exercise this an Option at the date of such termination, or if he/she he does not exercise this such Option (which he was entitled to exercise) within the time specified herein, the Option shall terminate.

Termination of Status as a Director. In If the event of the termination of the Outside Director's Continuous Status Optionee ceases to serve as a Director, he/he or she may, but only within thirty three (303) days months after the date of such termination (but in no event later than the date of expiration he or she ceases to be a Director of the term of this Option as set forth in Section 11 below)Company, exercise this Option to the extent that he or she was entitled to exercise it at the date of such termination. Notwithstanding the foregoing, in no event may the Option be exercised after its ten (10) year term has expired. To the extent that he/she the Optionee was not entitled to exercise this Option at the date of such termination, or if he/she the Optionee does not exercise this Option within the time specified herein, the Option shall terminate.