Common use of Term Termination Effect of Termination Clause in Contracts

Term Termination Effect of Termination. Unless earlier terminated pursuant to this Paragraph 4, your position as Director of the Company shall expire at the Annual Meeting of Stockholders of the Company held in 2006, unless you are elected by the shareholders as a director for another term (such period shall be referred to herein as the "Term" of this Agreement"). a. The Board may remove you from your position as Director any time upon an affirmative vote of the majority of the members of the Board. The shareholders of the Company may vote to remove you at any time upon an affirmative vote of the holders of the issued and outstanding shares of the Company. b. You may resign from your position as Director at any time to the Company; however, we would hope that you provide us with reasonable notice prior thereto.

Term Termination Effect of Termination. Unless earlier terminated pursuant to this Paragraph 4, your position as Director of the Company shall expire at the Annual Meeting of Stockholders of the Company held in 20062007, unless you are elected by the shareholders as a director for another term (such period shall be referred to herein as the "Term" of this Agreement"). a. The Board may remove you from your position as Director any time upon an affirmative vote of the majority of the members of the Board. The shareholders of the Company may vote to remove you at any time upon an affirmative vote of the holders of the issued and outstanding shares of the Company. b. You may resign from your position as Director at any time to the Company; however, we would hope that you provide us with reasonable notice prior thereto.