Common use of Rights as a Shareholder Clause in Contracts

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to the Option until certificates for Shares are issued to the Optionee.

Appears in 22 contracts

Sources: Non Qualified Stock Option Agreement (DDC Enterprise LTD), Non Qualified Stock Option Agreement (GlassBridge Enterprises, Inc.), Incentive Stock Option Agreement (GlassBridge Enterprises, Inc.)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any Option Shares subject to until the Option until certificates for Shares are issued to Optionee becomes the Optioneeholder of record of such shares.

Appears in 12 contracts

Sources: Stock Option Agreement (Mackinac Financial Corp /Mi/), Stock Option Agreement (Mackinac Financial Corp /Mi/), Stock Option Agreement (Mackinac Financial Corp /Mi/)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder of the Company with respect to any Shares subject to covered by the Option until certificates for Shares are issued to the Optioneeexercise of the Option.

Appears in 10 contracts

Sources: Option Agreement (Brigham Exploration Co), Option Agreement (Brigham Exploration Co), Option Agreement (Brigham Exploration Co)

Rights as a Shareholder. The Optionee Option Holder shall have no rights as a shareholder with respect to Shares subject to by reason of the Option Options unless and until certificates for Shares shares of Common Stock are issued to the Optioneehim or her.

Appears in 6 contracts

Sources: Award Agreement (Gannett Co Inc /De/), Letter Agreement (Gannett Co Inc /De/), Letter Agreement (Gannett Co Inc /De/)

Rights as a Shareholder. The Optionee shall have no rights as of a shareholder with respect to the Shares subject underlying the Option (including no right to receive dividends or to vote shares) unless and until such Shares are transferred to the Option until certificates for Shares are issued to Optionee upon the Optioneeexercise of the Option.

Appears in 5 contracts

Sources: Option Agreement (Turtle Beach Corp), Option Agreement (Turtle Beach Corp), Option Agreement (Turtle Beach Corp)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to the Option until certificates for Shares of Common Stock are issued to the Optionee.

Appears in 4 contracts

Sources: Stock Option Agreement (Argyle Security, Inc.), Stock Option Agreement (Gevo, Inc.), Stock Option Agreement (Argyle Security Acquisition CORP)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder of the Company with respect to any Shares subject to the covered by this Option until certificates the issuance of a stock certificate to him for Shares are issued to the Optioneesuch Shares.

Appears in 3 contracts

Sources: Stock Option Agreement (Diversified Restaurant Holdings, Inc.), Stock Option Agreement (Diversified Restaurant Holdings, Inc.), Director Stock Option Agreement (Bioshield Technologies Inc)

Rights as a Shareholder. The Optionee Option Holder shall have no rights as a shareholder with respect to Shares subject to by reason of the Option unless and until certificates for Shares shares of Common Stock are issued to the Optioneehim or her.

Appears in 3 contracts

Sources: Non Qualified Stock Option Award Agreement (Cementitious Materials Inc), Non Qualified Stock Option Award Agreement (Lexington Precision Corp), Incentive Stock Option Award Agreement (Lexington Precision Corp)

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder of the Company with respect to any Shares subject to the covered by this Option until certificates the issuance of a stock certificate to him for Shares are issued to the Optioneesuch Shares.

Appears in 3 contracts

Sources: Stock Option Agreement (Communications Central Inc), Stock Option Agreement (Communications Central Inc), Stock Option Agreement (Communications Central Inc)

Rights as a Shareholder. The Optionee Option Holder shall have no rights as a shareholder with respect to Shares subject to by reason of the Option unless and until certificates for the Shares are issued to the Optioneehim.

Appears in 3 contracts

Sources: Employment Agreement, Employment Agreement (Addus HomeCare Corp), Employment Agreement (Addus HomeCare Corp)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to any shares covered by the Option until certificates for Shares are issued the date of the issuance of a certificate representing such shares to the OptioneeOptionee and only after such shares are fully paid.

Appears in 3 contracts

Sources: Non Qualified Stock Option Agreement (Heartsoft Inc), Non Qualified Stock Option Agreement (Heartsoft Inc), Non Qualified Stock Option Agreement (Heartsoft Inc)

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder of the Company with respect to any Shares subject to covered by the Option until certificates for Shares are issued to the Optioneeexercise of the Option.

Appears in 3 contracts

Sources: Nonqualified Stock Option Agreement (Pure Resources Inc), Nonqualified Stock Option Agreement (Pure Resources Inc), Nonqualified Stock Option Agreement (Pure Resources Inc)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any Shares subject to the which may be purchased by exercise of this Option unless and until a certificate or certificates for representing such Shares are duly issued and delivered to the Optionee.

Appears in 2 contracts

Sources: Stock Option Agreement (Radvision LTD), Stock Option Agreement (Radvision LTD)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder Shareholder with respect to Shares subject to the Option Options granted hereunder until certificates for Shares of common stock are issued to the Optionee.

Appears in 2 contracts

Sources: Stock Option Agreement (Fpic Insurance Group Inc), Stock Option Agreement (Fpic Insurance Group Inc)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to the Option granted hereunder until certificates for Shares of Common Stock are issued to the Optionee.

Appears in 2 contracts

Sources: Stock Option Award Agreement (Monarch Properties Inc), Stock Option Award Agreement (Monarch Properties Inc)

Rights as a Shareholder. The Neither the Optionee nor any other ----------------------- person entitled to exercise the Option shall have no any rights as a shareholder of the Company with respect to Shares the stock subject to the Option until certificates a certificate for Shares are such shares has been issued to him or her upon exercise of the OptioneeOption.

Appears in 1 contract

Sources: Non Statutory Stock Option Agreement (Semtech Corp)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder of the Company with respect to any Shares subject to the covered by this Option until certificates the issuance of a stock certificate to him/her for Shares are issued to the Optioneesuch Shares.

Appears in 1 contract

Sources: Nonqualified Stock Option Award Agreement (Gray Television Inc)

Rights as a Shareholder. The 7.1 An Optionee shall not have no any rights as a shareholder of the Corporation with respect to any of the Shares subject to the Option until certificates the date of issuance of a certificate for such Shares are issued upon the exercise of the Option, in full or in part, and then only with respect to the OptioneeShares represented by such certificate or certificates. Without in any way limiting the generality of the foregoing, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such share certificate is issued.

Appears in 1 contract

Sources: Option Agreement (Grandview Gold, Inc.)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to the Option until certificates for Option has been duly exercised and the Shares are issued to the Optionee.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Boustead Wavefront Inc.)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to the Option Options granted hereunder until certificates for Shares of Common Stock are issued to the Optionee.

Appears in 1 contract

Sources: Stock Option Award Agreement (Monarch Properties Inc)

Rights as a Shareholder. The Optionee shall not have no any rights as a shareholder with respect to any Options Shares subject to the issuable upon exercise of this Option until certificates this Option has been validly exercised and the purchase price for Shares are issued to the Optioneesuch Option Share has been paid in full.

Appears in 1 contract

Sources: Stock Option Agreement (Lumonics Inc)

Rights as a Shareholder. The Neither the Optionee nor any other ----------------------- person entitled to exercise the Option shall have no any rights as a shareholder of the Company with respect to Shares the shares subject to the Option until certificates a certificate for Shares are such shares has been issued to him or her upon exercise of the OptioneeOption.

Appears in 1 contract

Sources: Stock Option Agreement (Leslies Poolmart)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to any shares of Common Stock covered by the Option unless and until certificates for Shares are issued to the Optionee.Optionee shall have become the beneficial owner of the shares, and no

Appears in 1 contract

Sources: Nonstatutory Stock Option Grant Agreement (Venator Group Inc)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to any shares of Common Stock covered by the Option unless and until certificates the Optionee shall have become the beneficial owner of the shares, and no adjustments shall be made for Shares are issued to the Optioneedividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise provided herein.

Appears in 1 contract

Sources: Nonstatutory Stock Option Grant Agreement (Foot Locker Inc)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to the Option until certificates for the Option has been duly exercised and the Shares are issued to the Optionee.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Boustead Wavefront Inc.)

Rights as a Shareholder. The 1. An Optionee shall not have no any rights as a shareholder of the Corporation with respect to any of the Shares subject to the Option until certificates the date of issuance of a certificate for such Shares are issued upon the exercise of the Option, in full or in part, and then only with respect to the OptioneeShares represented by such certificate or certificates. Without in any way limiting the generality of the foregoing, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such share certificate is issued.

Appears in 1 contract

Sources: Option Agreement (Atlas Financial Holdings, Inc.)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject the shares purchased until the date of the issuance to the Option until certificates for Shares are issued to the Optioneehim of a Certificate representing such shares.

Appears in 1 contract

Sources: Incentive Stock Option Plan (Mark Iv Industries Inc)