Common use of RIGHTS OF THE OPTIONEE Clause in Contracts

RIGHTS OF THE OPTIONEE. The Optionee will have no rights as a shareholder of the Company with respect to the grant of the Option under this Agreement until and to the extent the Option is exercised and the Company issues shares of Common Stock to the Optionee.

RIGHTS OF THE OPTIONEE. The Optionee will by virtue of holding the Options to purchase the Option Shares shall not have no any rights as to any dividends to be distributed by the Corporation to the shareholders or any other rights of a shareholder of in the Company Corporation with respect to the grant any of the Option under this Agreement Shares until and to the extent Optionee exercises the Option is exercised and to purchase the Company issues shares Option Shares pursuant to Section 5 of Common Stock to the Optioneethis Agreement.