Common use of Director Relationship Clause in Contracts

Director Relationship. Any question as to whether and when there has been a termination of Optionee’s director relationship with the Company, and the cause of such termination, shall be determined by the Committee and its determination shall be final.

Appears in 3 contracts

Sources: Nonqualified Stock Option Agreement, Nonqualified Stock Option Agreement (National Oilwell Varco Inc), Nonqualified Stock Option Agreement (National Oilwell Varco Inc)

Director Relationship. Any question as to whether and when there has been a termination of Optionee’s your director relationship with the Company, and the cause of such termination, shall be determined by the Committee and its determination shall be final.

Appears in 1 contract

Sources: Non Employee Director Restricted Stock Unit Agreement (NOV Inc.)