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 any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares Shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate or certificates representing such shares is Shares are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends Common Stock until the date the Optionee becomes the holder or non-cash distributions with respect to such record of those shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to occurs before the date such stock certificate is issuedthe Optionee becomes the holder of record.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights Shares subject to receive dividends or non-cash distributions with respect to such shares) unless and the Option until a certificate representing such shares is duly certificates for Shares are issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no the rights as of a shareholder with respect only as to shares of Capital Stock acquired upon exercise of the Stock Option and not as to any shares which may be purchased of Capital Stock covered by exercise of this option (includingunexercised Stock Options. Except as otherwise expressly provided in the Plan, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issuedshares are acquired.

Rights as a Shareholder. The Optionee Employee shall have no rights as a shareholder with respect to any shares Shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is Shares are duly issued and delivered to the OptioneeEmployee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which of Common Stock that may be purchased by upon exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares shares, or electronic equivalent, is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate or electronic equivalent is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares Option Shares which may be purchased by exercise of this option Option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such sharesOption Shares) unless and until a certificate representing such shares Option Shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares Shares which may be purchased by exercise of this option Option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such sharesShares) unless and until a certificate representing such shares Shares, or electronic equivalent, is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate or electronic equivalent is issued.

Rights as a Shareholder. The Neither the Optionee nor a transferee of this Option shall have no any rights as a shareholder with respect to any shares which may be purchased by exercise covered hereby until the date he or she shall have become the holder of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to record of such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends dividends, distributions or other rights for which the record date is prior to the date such stock certificate is issuedon which he or she shall have become the holder of record thereof, except as provided in the Plan.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until the issuance of a certificate representing such or certificates for the shares is duly issued and delivered to for which the OptioneeOption has been exercised. No adjustment shall be made for dividends or distributions or other rights for which the record date is prior to the date such stock certificate is or certificates are issued, except as provided in paragraph 10 above.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise this Agreement or the Option until the date of this option (including, without limitation, any rights issuance of a stock certificate to receive dividends or non-cash distributions with respect to him for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no No rights as of a shareholder of the Company shall attach to Optionee with respect to any shares which may of the Shares until this Option shall be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect duly exercised as to such shares) unless Shares and until a certificate representing Optionee shall have become the holder of record of such shares is duly issued and delivered to the OptioneeShares. No adjustment adjustments shall be made for cash dividends or other distributions or rights for as to which the there is a record date is prior to preceding the date that Optionee becomes the holder of record of such stock certificate is issuedShares.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares of Stock which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until the issuance of a certificate representing such for the shares is for which the Option has been exercised (as evidenced by the appropriate entry on the books of the Company or of a duly issued and delivered to authorized transfer agent of the OptioneeCompany). No adjustment shall be made for dividends dividends, distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 9.

Rights as a Shareholder. The Optionee shall not have no any rights as a shareholder with respect to any shares which may be purchased Option Shares until the Optionee purchases Option Shares in accordance with this Agreement. Except as expressly provided by exercise of this option (includingthe Plan, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No no adjustment shall be made for dividends or other rights for which the record date is prior to the date issuance of Purchased Option Shares and the delivery of any certificate or certificates for such stock certificate is issuedshares or completion of such other required issuance, transfer and depository procedures.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ------------------------ shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee (or the Optionee's successor or successors) shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to until the date of the issuance of a stock certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 13 of the Plan.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to vote or to receive dividends or non-cash other distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares of Common Stock which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to until the date of the issuance of a stock certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 13 of the Plan.

Rights as a Shareholder. The Optionee shall have no rights as a -------------------------- shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights right for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee holder of the Option shall have no rights as a shareholder of the Company with respect to any shares which may be purchased the Shares covered by the Option until the due exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless the Option and until a certificate representing such shares is duly issued and delivered to the Optioneedate of the issuance of the Shares. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate Option is issuedexercised, except as provided in Section 17 hereof.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which that may be purchased by exercise of this option any of these options (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date any such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which Shares that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is Shares are duly issued and delivered to the Optionee. No Any such issuance is expressly conditioned upon the Optionee’s prior execution of a joinder agreement to the Securityholders’ Agreement. Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Underlying Shares unless and until a certificate representing such shares is duly issued the date on which the Optionee becomes the holder of record of the Underlying Shares purchased pursuant to this Option on the books and delivered to records of the OptioneeCompany, as maintained by the transfer agent for the Company’s Common Stock. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issueddate.

Rights as a Shareholder. The Optionee shall have no the rights as of a shareholder with respect only as to shares of Capital Stock acquired upon exercise of this Stock Option and not as to any shares which may be purchased of Capital Stock covered by exercise the unexercised portion of this option (includingStock Option. Except as otherwise expressly provided in the Plan, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issuedshares are acquired.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as expressly provided in the Plan or any amendment thereto, which provisions, if any from time to time shall be deemed expressly incorporated herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless until the date the Optionee has exercised this option and until a certificate representing delivered payment of the purchase price for such shares is duly issued and delivered to the OptioneeCompany in accordance with the terms of this option. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate this option is issuedso exercised.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) ), unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends dividend or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee (or Successor) shall have no rights as a shareholder with respect to any shares which may be purchased Shares covered by this Option until the date of the issuance of a stock certificate or certificates for such Shares (or other delivery of the Shares) to him or her, notwithstanding the exercise of this option (including, without limitation, Option. The Company shall not be required to issue or deliver any rights to receive dividends certificate or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to certificates for Shares purchased upon the Optionee. No adjustment shall be made for dividends exercise of the Option or other rights for which the record date is portion thereof prior to fulfillment of all of the date such stock certificate is issued.following conditions:

Rights as a Shareholder. The Optionee holder of the Option shall have no rights as a shareholder of the Company with respect to any the shares which may be purchased covered by the Option until the due exercise of this option (including, without limitation, any rights the Option and the date of the issuance of one or more stock certificates to receive dividends or non-cash distributions with respect to the holder for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 15 hereof.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which of Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the 1994 Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which of Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the 1994 Plan, no 18 adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which of Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the 1994 Plan, no 23 adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares Shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is Shares are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder with respect to any shares which of Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights common stock of the Corporation until the date of issuance of a stock certificate to receive dividends or non-cash distributions with respect to Optionee for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date of such stock certificate is issuedissuance, except as otherwise provided in Paragraph 8 herein. 10.

Rights as a Shareholder. The Optionee Option Holder or a transferee of this option shall have no rights as a shareholder with respect to any shares which may be purchased Option Stock covered by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to until the date of the issuance of a stock certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to . Except as otherwise provided herein or in the Optionee. No Plan, no adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option the Option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall not have no any rights as a shareholder with respect to any shares which may be purchased Option Shares until the Optionee purchases Option Shares in accordance with this Agreement. Except as expressly provided by exercise of this option (includingthe Plan, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No no adjustment shall be made for dividends or other rights for which the record date is prior to the date issuance of Purchased Option Shares and the delivery of any certificate or certificates for such stock certificate is issuedshares.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares comprising Units which may be purchased by exercise of this option Option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. 6.1 The Optionee shall not have no any rights as a shareholder of the Corporation with respect to any shares which may be purchased by of the Shares subject to the Option until the date of issuance of a certificate for such Shares upon the exercise of this option (includingthe Option, without limitationin full or in part, any rights to receive dividends or non-cash distributions and then only with respect to the Shares represented by such shares) unless and until a certificate representing such shares is duly issued and delivered to certificate. Without in any way limiting the Optionee. No 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 stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased Shares covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until the issuance of a certificate representing such shares is for the Shares for which the Option has been exercised (as evidenced by the appropriate entry on the books of the Company or of a duly issued and delivered to authorized transfer agent of the OptioneeCompany). No adjustment shall be made for dividends dividends, distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 9.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder ----------------------- with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder of the Company with respect to any shares which may be purchased covered by exercise the Option until the date of the issuance of a share certificate for such shares. Except as provided in Section 11 of this option (includingAgreement, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No no adjustment shall be made for dividends (ordinary or extraordinary, whether cash, securities, or other property) or distributions or other rights for which the record date dates is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee holder of an Option granted under the Plan shall have no rights as a shareholder of the Company with respect to any shares Shares for which may be purchased by exercise his or her Option is exercisable until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to the issuance of a stock certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the OptioneeShares. No adjustment shall be made for dividends dividend, ordinary or extraordinary or whether in currency or securities, or other property, distributions, or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights common stock of the Corporation until the date of issuance of a stock certificate to receive dividends or non-cash distributions with respect to Optionee for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date of such stock certificate is issuedissuance, except as otherwise provided in Section 9 herein.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased of Common Stock covered by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) the Option unless and until a certificate representing such shares is duly issued the Optionee shall have become the beneficial owner of the shares, and delivered to the Optionee. No adjustment no adjustments shall be made for dividends in cash or other property, distributions or other rights for which the record date is prior to the date in respect of any such stock certificate is issuedshares, except as otherwise provided herein.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.)

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise Option Shares until the date of this option (includingissuance of a stock certificate for such Option Shares. Subject to SECTION 5 hereof, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no No rights as of a shareholder of the Company will attach to Optionee with respect to any shares which may be purchased by exercise of the Shares until this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect Option is duly exercised as to such shares) unless Shares and until a certificate representing the person has become holder of record of such shares is duly issued and delivered to the OptioneeShares. No adjustment shall adjustments will be made for cash dividends or other distributions or other rights for as to which the there is a record date is prior to preceding the date such stock certificate is issuedperson becomes the holder of record of such Shares.

Rights as a Shareholder. The Optionee hereunder shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise this Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to the issuance of a stock certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 12 of the Plan.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder of the Company with respect to any shares which may be purchased covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to the issuance of a share certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No Except as provided in Section 10 hereof, no adjustment shall be made for any dividends (ordinary or extraordinary, whether cash, securities, or other property) or distributions or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder with respect to any shares which of Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is of Common Stock are duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ------------------------ shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights right for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee Subject to Section 5.9 of this Plan regarding uncertificated shares, an optionee or a transferee of an Option shall have no rights as a shareholder with respect to any shares which may be purchased covered by his or her Option until the date of the issuance of a stock certificate to him or her for those shares upon payment of the exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optioneeprice. No adjustment adjustments or payments shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 4.2.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares of Common Stock which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record Option date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no none of the rights as of a shareholder with respect to any shares which may be purchased by exercise of this option the Trust (includingfor example, without limitation, any rights the right to receive dividends cash or non-cash dividend payments or distributions with respect attributable to such sharesthe subject Shares or to direct the voting of the subject Shares) unless until the Shares covered by the Option are fully paid and until a certificate representing such shares is duly issued and delivered to the Optionee. No Except as provided in Section 17 of the Plan, no adjustment shall be made for dividends dividends, distributions or other rights for which the record date is prior to the date of such stock certificate is issuedissuance.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) the Company unless and until a certificate representing such certificates for shares is duly issued and of Stock are delivered to the Optioneehim. No adjustment adjustments shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued.certificates are delivered to Optionee, except as expressly provided in Section 5 hereof

Rights as a Shareholder. The Optionee shall have no No rights as of a shareholder of the Company shall attach to Optionee with respect to any shares which may of the Shares until this Option shall be purchased by duly exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect as to such shares) unless Shares and until a certificate representing Optionee shall have become the holder of record of such shares is duly issued and delivered to the OptioneeShares. No adjustment adjustments shall be made for cash dividends or other distributions or rights for as to which the there is a record date is prior to preceding the date that Optionee becomes the holder of record of such stock certificate is issuedShares.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder with respect to any shares which Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The 1. An Optionee shall not have no any rights as a shareholder of the Corporation with respect to any shares which may be purchased by of the Shares subject to the Option until the date of issuance of a certificate for such Shares upon the exercise of this option (includingthe Option, without limitationin full or in part, any rights to receive dividends or non-cash distributions and then only with respect to the Shares represented by such shares) unless and until a certificate representing such shares is duly issued and delivered to or certificates. Without in any way limiting the Optionee. No 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 stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder of the Company with respect to any shares which may be purchased Shares covered by exercise this Option until the issuance of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issuedto him/her for such Shares.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until the issuance of a certificate representing such or certificates for the shares is duly issued and delivered to for which the OptioneeOption has been exercised. No adjustment shall be made for dividends or distributions or other rights for which the record date is prior to the date such stock certificate is or certificates are issued, except as provided in paragraph 9 above.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee or his successor shall have no rights as a shareholder with respect to any shares which may be purchased by exercise stock underlying this Option until the date of this option (including, without limitation, any rights the issuance to receive dividends or non-cash distributions with respect to such shares) unless and until the Optionee of a certificate representing for such shares is duly issued and delivered to the Optioneestock. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued.

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 shares which may be purchased by of the Shares subject to the Option until the date of issuance of a certificate for such Shares upon the exercise of this option (includingthe Option, without limitationin full or in part, any rights to receive dividends or non-cash distributions and then only with respect to the Shares represented by such shares) unless and until a certificate representing such shares is duly issued and delivered to or certificates. Without in any way limiting the Optionee. No 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 stock share certificate is issued.

Rights as a Shareholder. The Optionee An optionee or successor shall have no rights as a shareholder with respect to any shares which may be purchased by exercise Stock underlying any option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect the issuance to such shares) unless and until optionee of a certificate representing for such shares is duly issued and delivered to the OptioneeStock. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock Stock certificate is issued, except as provided in Section 6.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate Certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder with respect to any shares which may be purchased covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until the issuance of a certificate representing such or certificates for the shares is duly issued and delivered to for which the OptioneeOption has been exercised. No adjustment shall be made for dividends or distributions or other rights for which the record date is prior to the date such stock certificate is or certificates are issued, except as provided in paragraph 9 above.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder of the Company with respect to any shares which may be purchased covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to the issuance of a share certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for any dividends (ordinary or extraordinary, whether cash, securities, or other property) or distributions or other rights for which the record date is prior to the date such stock share certificate is issued, except as provided in Section 9 below.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which Common Stock that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the 2000 Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock share certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder with respect to any shares which may be purchased by exercise of this option Option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which Shares that may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is Shares are duly issued and delivered to the Optionee. No Any such issuance is expressly conditioned upon the Optionee’s prior execution of a joinder agreement to the Securityholders’ Agreement and the Registration Rights Agreement. Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder of the Company with respect to any shares which may be purchased covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to the issuance of a share certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for any dividends (ordinary or extraordinary, whether cash, securities, or other property) or distributions or other rights for which the record date is prior to the date such stock share certificate is issued, except as provided in Section 7 below.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares Shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is Shares are duly issued and delivered to the Optionee. No Except as otherwise expressly provided herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No Except as Section 8 provides, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall not have no any of the rights as of a shareholder with of the Company in respect to any shares which may of the Shares until one or more certificates for such Shares shall be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the OptioneeOptionee upon the purchase of Shares pursuant to a vested Option in accordance with this Agreement. No Except as otherwise expressly provided herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no the rights as of a shareholder with respect only as to shares of Capital Stock acquired upon exercise of this Stock Option and not as to any shares which may be purchased of Capital Stock covered by exercise the unexercised portion of this option (includingStock Option. Except as otherwise expressly provided in the Plan, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No no adjustment shall be made for dividends or other rights for which the record date is occurs prior to the date such stock certificate is issuedshares are acquired.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise this Agreement or the option granted under this Agreement until the date of this option (including, without limitation, any rights issuance of a stock certificate to receive dividends or non-cash distributions with respect to him for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate certificate- is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise the Option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until the issuance of a certificate representing such for the shares is for which the Option has been exercised (as evidenced by the appropriate entry on the books of IMMERSION or of a duly issued and delivered to the Optioneeauthorized transfer agent of IMMERSION). No adjustment shall be made for dividends dividends, distributions or other rights for which the record date is prior to the date such stock certificate is issued.the

Rights as a Shareholder. The Optionee An optionee or a transferee of an option shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this underlying his or her option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to until the date the optionee is issued a certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 5.6 above.

Rights as a Shareholder. The Optionee shall not have no any rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall not have no any of the ----------------------- rights as of a shareholder with of the Company in respect to any shares which may of the Shares until one or more certificates for such Shares shall be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the OptioneeOptionee upon the purchase of Shares pursuant to a vested Option in accordance with this Agreement. No Except as otherwise expressly provided herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares of Common Stock which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) Option unless and until a certificate or certificates representing such shares is are duly issued and delivered to the Optionee. No Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee hereunder shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to until the date of the issuance of a stock certificate for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 12 of the Plan.

Rights as a Shareholder. The Optionee An optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise an option until the date of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until issuance of a certificate representing to him and only after such shares is duly issued and delivered to the Optioneeare (fully paid. No adjustment shall will be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a ----------------------- shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights (except as provided in Section 8 herein) for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares Shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such sharesShares) unless and until a certificate representing such shares Shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee optionee shall have no rights as a shareholder with respect to any shares which may be purchased covered by exercise of this option the Option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until the date of issue of a stock certificate representing such shares is duly issued and delivered to the Optioneeoptionee. No Except as Section 10 provides, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

Rights as a Shareholder. The Optionee holder of the Incentive Option shall have no rights as a shareholder of the Company with respect to any the shares which may be purchased covered by the Incentive Option until the due exercise of this option (including, without limitation, any rights the Incentive Option and the date of the issuance of one or more stock certificates to receive dividends or non-cash distributions with respect to the holder for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 15 hereof.

Rights as a Shareholder. The Neither the Optionee nor any of the Optionee's successors in interest shall have no any rights as a shareholder stockholder of the Company with respect to any shares which may be purchased by exercise of this option (includingCommon Stock subject to the Option until the date of issuance of a stock certificate for such shares of Common Stock. This Option Agreement shall not affect in any way the ownership, without limitationvoting rights or other rights or duties of Optionee, any rights to receive dividends or non-cash distributions except as specifically provided herein and except as specifically provided in the Stockholders' Agreement with respect to such shares) unless and until a certificate representing such any shares is duly of Common Stock issued and delivered to upon exercise of the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issuedOption.

Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights common stock of the Corporation until the date of issuance of a stock certificate to receive dividends or non-cash distributions with respect to Optionee for such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date of such stock certificate is issuedissuance, except as otherwise provided in Paragraph 8 herein.