Continued Service As A Director Clause Samples

Continued Service As A Director. If the Grantee (a) whose employment is terminated with a Participating Company for any reason and (b) who is a director of Company immediately prior to the Grantee’s termination of employment continues to serve Company as a director following the Grantee’s termination of employment, the Committee shall have the complete and sole discretion to deem the Grantee’s employment with the Participating Company as continuing for purposes of this grant of Stock Unit Awards for all or a portion of the period in which the Grantee continuously serves as a member of the Board.
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Continued Service As A Director. This Agreement does not give the Director any right to be retained in the service of the Company or any of its subsidiaries.
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Continued Service As A Director. This Agreement shall not obligate the Company or any affiliate of the Company to nominate Director for election or re-election to the Board nor constitute any contract or agreement of nomination with Director, nor shall this Agreement interfere in any way with the right of any person to remove Director.
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Continued Service As A Director. ▇▇▇▇▇▇ and the Company acknowledge that ▇▇▇▇▇▇ is currently serving as a director of the Company with a term expiring in 2005. ▇▇▇▇▇▇ shall continue to serve as a director of the Company for the remainder of such term in accordance with the Bylaws of the Company; provided, that during the term of this Agreement, ▇▇▇▇▇▇ shall not be entitled to receive any compensation for his services as a director, either in the form of an annual retainer, meeting fees or otherwise. Notwithstanding the foregoing, if ▇▇▇▇▇▇ continues to serve as a director following the termination of this Agreement, then ▇▇▇▇▇▇ shall be entitled to receive the same compensation and benefits afforded to other non-employee directors of the Company for his services as a director from and after the termination of this Agreement.
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Continued Service As A Director. Provided that you continue to remain in the service of the Company as a director through the one year anniversary of the date of this Award Agreement (the “Vesting Date”), you will be entitled to vest in that number of shares of Stock subject to this Award, subject, on and after the grant date, to adjustment as provided under the terms of the Plan including, without limitation, the last paragraph of Section 5 of the Plan.
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Continued Service As A Director. No provision of this agreement shall (a) confer upon Grantee any right to continue in service as a director of the Company; (b) affect the right of the Company to remove Grantee as a director, with or without cause; or (c) confer upon Grantee any right to participate in any compensation plan or other program of the Company other than the Plan.
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Continued Service As A Director. As also discussed, your resignation as an employee shall not also constitute a resignation from the Board of Directors of the Company (the “Board”), and as such, effective as of the Separation Date you will be a non-employee member of the Board. Accordingly, this Letter confirms that beginning immediately upon your Separation Date, you will be compensated in the same amount and in the manner as all other current non-employee members of the Board are compensated (e.g., quarterly fees paid in arrears, including a prorated portion of such fees for the calendar quarter in which the Separation Date occurs). In connection with your Board membership, you shall continue to have access to your “the Knot” and “XO Group” email accounts, and any other intellectual property that is relevant to your position in your capacity as a member of the Board.
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Continued Service As A Director. Provided that you continue to remain in the service of the Company as a director through , 20_____ [insert the last business day of the 53rd week following the date of grant] (the “Vesting Date”), you will be entitled to vest in that number of shares of Stock subject to this Award, subject, on and after the grant date, to adjustment as provided under the terms of the Plan including, without limitation, the last paragraph of Section 5 of the Plan.
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Continued Service As A Director. You will continue to serve as a director of Mykrolis and as a member of the Management Development & Compensation Committee receiving compensation for those services in accordance with the director compensation policies specified by the Board of Directors, as from time to time in effect, through and until the closing of the Merger.
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Related to Continued Service As A Director

  • Continued Service The Indemnitee shall continue to serve at the will of the Company as a Director of the Company so long as he is duly elected and qualified in accordance with the Regulations or until he resigns in writing in accordance with applicable law.

  • Board Membership During the Employment Term, Executive will serve as a member of the Board, subject to any required Board and/or stockholder approval.

  • Service Period The Service Period of this Agreement is for 1 year in respect of the unit and starts on the Start Date as defined in the Terms and Conditions, or, in the case of an extension of renewal of the provision of Support Services, starts on the date of payment of the Charges.

  • Cessation of Service The Option shall terminate (and cease to be outstanding) prior to the Expiration Date should any of the following provisions become applicable: (a) Should Optionee cease to remain in Service for any reason (other than death, Disability or Misconduct) while this Option is outstanding, then Optionee (or any person or persons to whom this Option is transferred pursuant to a permitted transfer under Section II(3)) shall have a period of three (3) months (commencing with the date of such cessation of Service) during which to exercise this Option, but in no event shall this Option be exercisable at any time after the Expiration Date. (b) Should Optionee die while this Option is outstanding, then the personal representative of Optionee’s estate or the person or persons to whom the Option is transferred pursuant to Optionee’s will or the laws of inheritance following Optionee’s death or to whom the Option is transferred during Optionee’s lifetime pursuant to a permitted transfer under Section II(3) shall have the right to exercise this Option. However, if Optionee dies while holding this Option and if Optionee has an effective beneficiary designation in effect for this Option at the time of his or her death, then the designated beneficiary or beneficiaries shall have the exclusive right to exercise this Option following Optionee’s death. Any such right to exercise this Option shall lapse, and this Option shall cease to be outstanding, upon the earlier of (i) the expiration of the twelve (12)-month period measured from the date of Optionee’s death or (ii) the Expiration Date. (c) Should Optionee cease Service by reason of Disability while this Option is outstanding, then Optionee (or any person or persons to whom this Option is transferred pursuant to a permitted transfer under Section II(3)) shall have a period of twelve (12) months (commencing with the date of such cessation of Service) during which to exercise this Option. In no event shall this Option be exercisable at any time after the Expiration Date. (d) During the limited period of post-Service exercisability, this Option may not be exercised in the aggregate for more than the number of Option Shares in which Optionee is, at the time of Optionee’s cessation of Service, vested pursuant to the Vesting Schedule or the special vesting acceleration provisions of Section II(4). Upon the expiration of such limited exercise period or (if earlier) upon the Expiration Date, this Option shall terminate and cease to be outstanding for any vested Option Shares for which the Option has not been exercised. To the extent Optionee is not vested in one or more Option Shares at the time of Optionee’s cessation of Service, this Option shall immediately terminate and cease to be outstanding with respect to such Option Shares. (e) Should Optionee’s Service be terminated for Misconduct or should Optionee otherwise engage in Misconduct while this Option is outstanding, then this Option shall terminate immediately and cease to remain outstanding and Optionee shall have no right to exercise vested or unvested Option Shares.

  • Continued Employment The Option granted hereunder shall confer no right on Optionee to continue in the employ of the Company or any Subsidiary, or limit in any respect the right of the Company or any Subsidiary (in the absence of a specific agreement to the contrary) to terminate Optionee's employment at any time.