Common use of Necessity to Become Holder of Record Clause in Contracts

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any Transferee shall have any rights as a shareholder with respect to any shares underlying the Options until such person shall have become the holder of record of such shares. No dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any the Transferee shall have any rights as a shareholder with respect to any shares underlying of Common Stock covered by the Options until such person Optionee, estate or Transferee, as applicable, shall have become the holder of record of such sharesshares of Common Stock. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares of Common Stock for which the record date is prior to the date on which such person became Optionee, estate or Transferee, as applicable, shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s nor his estate, nor any Transferee shall have any rights as a shareholder stockholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, Optionee nor the Optionee’s estate, nor any Transferee as provided in Section 3(c), shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, nor the Optionee’s estate, nor any Transferee shall have any rights as a shareholder with respect to any of the shares underlying the Options until such person shall have become the holder of record of such shares. No cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became is the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any Transferee shall have any rights as a shareholder with respect to any of the shares underlying the Options until such person shall have become the holder of record of such shares. No cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any Transferee The Optionee shall not have any rights as a shareholder with respect to any of the shares underlying the Options until such person the Optionee shall have become the holder of record of such shares. No cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder Optionee if the record date is prior to the date on which such person the Optionee became the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any the Transferee shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became he shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, Optionee nor the Optionee’s estate, nor any Transferee as provided in Section 3(b), shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, Optionee nor any Transferee his/her estate shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any Transferee transferee shall have any rights as a shareholder with respect to any shares underlying the Options until such person shall have become the holder of record of such shares. No dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s 's estate, nor any the Transferee shall have any rights as a shareholder with respect to any shares underlying of Common Stock covered by the Options until such person Optionee, estate or Transferee, as applicable, shall have become the holder of record of such sharesshares of Common Stock. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares of Common Stock for which the record date is prior to the date on which such person became Optionee, estate or Transferee, as applicable, shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any the Transferee shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became holder shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any the Transferee shall have any rights as a shareholder with respect to any shares underlying of Common Stock covered by the Options until such person Optionee, estate, or Transferee, as applicable, shall have become the holder of record of such sharesshares of Common Stock. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares of Common Stock for which the record date is prior to the date on which such person became Optionee, estate, or Transferee, as applicable, shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, Optionee nor any Transferee Transferee, shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became he shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, Optionee nor the Optionee’s estate, nor any Transferee estate shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, Optionee nor any Transferee his estate shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became he shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any the Transferee shall have any rights as a shareholder of the Company with respect to any shares underlying of Common Stock covered by the Options until such person Optionee, estate or Transferee, as applicable, shall have become the holder of record of such sharesshares of Common Stock. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares of Common Stock for which the record date is prior to the date on which such person became Optionee, estate or Transferee, as applicable, shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any Transferee shall have any rights as a shareholder with respect to any of the shares underlying the Options until such person shall have become the holder of record of such shares. No cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof. “Transferee” shall mean a person to whom such shares are transferred by will or by the laws of descent and distribution.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s Optionee nor his estate, nor any Transferee as provided in Section 3(c), shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, nor the Optionee’s estate, nor any Transferee estate shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any Permitted Transferee shall have any rights as a shareholder with respect to any shares underlying the Options until such person shall have become the holder of record of such shares. No dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, Optionee nor the Optionee’s estate estate, nor any Transferee as provided in Section 3(c), shall have any rights as a shareholder with respect to any shares underlying covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if in respect of such shares for which the record date is prior to the date on which such person became he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Optionee, the Optionee’s estate, nor any Transferee shall have any rights as a shareholder with respect to any of the shares underlying the Incentive Options until such person shall have become the holder of record of such shares. No cash dividends or cash distributions, ordinary or extraordinary, shall be provided to the holder if the record date is prior to the date on which such person became the holder of record thereof.