Common use of No Rights as Stockholder Until Exercise Clause in Contracts

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate to the Employee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before the date such stock certificate is issued.

Appears in 18 contracts

Samples: Incentive Stock Option Agreement (Breakaway Solutions Inc), Non Qualified Stock Option Agreement (Breakaway Solutions Inc), Non Qualified Stock Option Agreement (Breakaway Solutions Inc)

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No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate has been issued to the EmployeeOptionee and is fully paid for in accordance with paragraph 3. Except as is expressly provided in the Plan with With respect to certain changes in the capitalization and stock dividends of the CompanyCorporation, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 18 contracts

Samples: Non Qualified Stock Option Agreement (Connetics Corp), Non Qualified Stock Option Agreement (Connetics Corp), Non Qualified Stock Option Agreement (Connetics Corp)

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 16 contracts

Samples: Non Qualified Stock Option Agreement (Airnet Communications Corp), Non Qualified Stock Option Agreement (Vion Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Galaxy Nutritional Foods Co)

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeEmployee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 13 contracts

Samples: Non Qualified Stock Option Agreement (Smart Video Technologies Inc), Non Qualified Stock Option Agreement (Smart Video Technologies Inc), Incentive Stock Option Agreement (Lionbridge Technologies Inc /De/)

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate to the EmployeeOptionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before the date such stock certificate is issued.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Transwitch Corp /De), Non Qualified (Breakaway Solutions Inc), Non Qualified (Breakaway Solutions Inc)

No Rights as Stockholder Until Exercise. The Employee Optionee shall not have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in the Plan below with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 5 contracts

Samples: Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc)

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to shares subject to the Option Shares until the date of issuance of a stock certificate therefor has been issued to the EmployeeEmployee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 4 contracts

Samples: Option Agreement (Concord Communications Inc), Option Agreement (Concord Communications Inc), Option Agreement (Concord Communications Inc)

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Galaxy Nutritional (Galaxy Nutritional Foods Co), Galaxy Nutritional (Galaxy Nutritional Foods Co)

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeEmployee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Gomez Inc), Incentive Stock Option Agreement (Cisco Systems Inc), Incentive Stock Option Agreement (Cisco Systems Inc)

No Rights as Stockholder Until Exercise. The Employee shall have no --------------------------------------- rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeEmployee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 3 contracts

Samples: Davox Corporation (Davox Corp), Qualified Incentive Stock Option Agreement (Davox Corp), Qualified Stock Option Agreement (Davox Corp)

No Rights as Stockholder Until Exercise. The Employee Participant shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefore has been issued to the EmployeeParticipant and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Companycompany, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 3 contracts

Samples: Qualified Option Agreement (A.C. Moore Arts & Crafts, Inc.), Qualified Option Agreement (A.C. Moore Arts & Crafts, Inc.), Option Agreement (A C Moore Arts & Crafts Inc)

No Rights as Stockholder Until Exercise. The Employee Optionee shall not have no the rights as of a stockholder shareholder with respect to the Option Shares option shares covered by such option until the date of issuance by the Company of a stock certificate to the Employeefor such shares. Except as is expressly provided in paragraph 10 of the Plan with respect to certain changes in the capitalization and stock dividends of the Companydividends, no adjustment shall be made for dividends or similar rights for which the record date is before the date such stock certificate is issued.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (Parexel International Corp), Non Qualified Stock Option Agreement (Parexel International Corp)

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefore has been issued to the EmployeeEmployee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Praecis Pharmaceuticals Inc), Airnet Communications Corp

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance Company has authorized delivery of a stock certificate therefor to the EmployeeEmployee and such Shares are fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Sparta Pharmaceuticals Inc), Incentive Stock Option Agreement (Sparta Pharmaceuticals Inc)

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate to the Employee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 2 contracts

Samples: 1996 Stock Plan Stock Option Agreement (Matrixone Inc), Matrixone Inc

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for in accordance with Section 7. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the CompanyCorporation, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Acusphere Inc), Consulting Agreement (Acusphere Inc)

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No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in the Plan this Agreement with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 2 contracts

Samples: XVT Software (Peregrine Systems Inc), XVT Software (Peregrine Systems Inc)

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the Employee and is fully paid for by the Employee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Astea International Inc), Software Developers Co Inc/De/

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Companyherein, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 1 contract

Samples: Executive Employment Agreement (First New England Dental Centers Inc)

No Rights as Stockholder Until Exercise. The Employee shall have --------------------------------------- no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the Employee and is fully paid for by the Employee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Astea International Inc)

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no --------------------------------------- rights as a stockholder with respect to any of the Option Shares until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in Section 10 of the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 1 contract

Samples: Excel Switching Corp

No Rights as Stockholder Until Exercise. The Employee shall have --------------------------------------- no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate to the Employee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before the date such stock certificate is issued.

Appears in 1 contract

Samples: Transwitch Corporation (Transwitch Corp /De)

No Rights as Stockholder Until Exercise. The Employee shall have no --------------------------------------- rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the Employee and is fully paid for by the Employee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Astea International Inc)

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no not rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Galaxy Nutritional Foods Co)

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no not ------------------------------------------ rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issuedissues.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Mathsoft Inc)

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