No Rights Until Issuance. Optionee shall have no rights hereunder as a shareholder with respect to any Shares subject to this Option until the date certificates representing such Shares (which may be in book entry or electronic form) are issued, recorded on the records of Micro or its broker, transfer agent or registrar, and delivered to (including through electronic delivery to a brokerage account) Optionee.
Appears in 2 contracts
Sources: Non Qualified Stock Option Award Agreement (Ingram Micro Inc), Non Qualified Stock Option Award Agreement (Ingram Micro Inc)