Common use of Effect of Termination of Service Clause in Contracts

Effect of Termination of Service. The Director’s Stock Units shall terminate to the extent such units have not become vested prior to the first date the Director is no longer a member of the Board, regardless of the reason for the termination of the Director’s service as Board member (whether voluntarily or involuntarily, including a termination due to death or disability). If any unvested Stock Units are terminated hereunder, such Stock Units shall automatically terminate and be cancelled as of the applicable termination date without payment of any consideration by the Corporation and without any other action by the Director, or the Director’s beneficiary or personal representative, as the case may be.

Effect of Termination of Service. The Except as provided in Sections 7.2 or 7.3 of the Plan, the Director’s Stock Units shall terminate to the extent such units have not become vested prior to the first date the Director is no longer ceases to serve as a member director of the BoardCorporation, regardless of the reason for the termination of the Director’s service as Board member (to the Corporation, whether with or without cause, voluntarily or involuntarily, including a termination due to death or disability). If any unvested Stock Units are terminated hereunder, such unvested Stock Units shall automatically terminate and be cancelled as of the applicable termination date without payment of any consideration by the Corporation Company and without any other action by the Director, or the Director’s beneficiary Beneficiary or personal representativePersonal Representative, as the case may be.

Effect of Termination of Service. The Director’s Stock Units shall terminate to the extent such units have not become vested prior to the first date the Director is no longer a member of the Board, regardless of the reason for the termination of the Director’s service as Board member (whether voluntarily or involuntarily, including a termination due to death or disability). If any unvested Stock Units are terminated hereunder, such Stock Units shall automatically terminate and be cancelled as of the applicable termination date without payment of any consideration by the Corporation Company and without any other action by the Director, or the Director’s beneficiary or personal representative, as the case may be.

Effect of Termination of Service. The Director’s Stock Units shall terminate to the extent such units have not become vested prior to on or before the first date on which the Director is no longer ceases to serve as a member of the BoardBoard (the Director’s “Separation from Service”), regardless of the reason for the termination of the Director’s service as Board member (whether voluntarily or involuntarily, including a termination due to death or disability)such separation. If any unvested Stock Units are terminated hereunder, such Stock Units shall automatically terminate and be cancelled as of the applicable termination date of the Director’s Separation from Service without payment of any consideration by the Corporation and without any other action by the Director, or the Director’s beneficiary or personal representative, as the case may be.

Effect of Termination of Service. The Director’s Stock Restricted Share Units shall terminate and be forfeited to the extent such units have not become vested prior to the first date the Director is no longer a member in service to the Company or one of the Boardits Subsidiaries, regardless of the reason for the termination of the Director’s service as Board member (whether voluntarily or involuntarily, including a termination due to death or disability)reason. If any unvested Stock Restricted Share Units are terminated hereunder, such Stock Restricted Share Units shall automatically terminate and be cancelled forfeited as of the applicable termination date without payment of any consideration by the Corporation Company and without any other action by the Director, or the Director’s beneficiary or personal representative, as the case may be.

Effect of Termination of Service. The Director’s Stock Units shall terminate to the extent such units have not become vested prior to on or before the first date on which the Director is no longer ceases to serve as a member of the Board, regardless of the reason for the termination of the Director’s service as Board member (whether voluntarily or involuntarily, including a termination due to death or disability)such separation. If any unvested Stock Units are terminated hereunder, such Stock Units shall automatically terminate and be cancelled as of the applicable termination date of the Director ceases to serve as a member of the Board without payment of any consideration by the Corporation and without any other action by the Director, or the Director’s beneficiary or personal representative, as the case may be.