Necessity to Become Holder of Record. Neither the Director nor his/her estate shall have any rights as a shareholder with respect to any shares 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, in respect of such shares for which the record date is prior to the date on which he/she shall become the holder of record thereof.
Appears in 3 contracts
Samples: Director Non Qualified Stock Option Agreement (GelTech Solutions, Inc.), Director Non Qualified Stock Option Agreement (Money4gold Holdings Inc), Director Non Qualified Stock Option Agreement (GelTech Solutions, Inc.)
Necessity to Become Holder of Record. Neither the Director nor his/her estate shall have any rights as a shareholder stockholder with respect to any shares 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, in respect of such shares for which the record date is prior to the date on which he/she shall become the holder of record thereof.
Appears in 1 contract
Samples: Director Non Qualified Stock Option Agreement (GelTech Solutions, Inc.)
Necessity to Become Holder of Record. Neither the Director Executive nor his/her estate his estate, as provided in paragraph 3(b), shall have any rights as a shareholder with respect to any shares 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, in respect of such shares for which the record date is prior to the date on which he/she he shall become the holder of record thereof.
Appears in 1 contract
Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)
