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 such time as the Employee has exercised this option in accordance with Section 8. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 89. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 8. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no --------------------------------------- rights as a stockholder with respect to shares subject to this Agreement until a stock certificate therefor has been issued to the Option Shares until such time as the Employee has exercised this option in accordance with Section 8Optionee and is fully paid for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivered a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 8. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no No adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder shareholder with respect to the Option Shares until such time as as: (i) the Employee has exercised this option Stock Option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 89, and (ii) a certificate evidencing the Option Shares has been issued to the Employee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee You shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has you have exercised this option by delivering a notice of exercise and have paid in full the purchase price for the shares so exercised in accordance with Section 85. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 89. Except as is expressly provided in the Plan Scheme with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 87. Except as is expressly provided in the Plan with respect to certain capital changes in the capitalization of the Companyand business successions, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights --------------------------------------- as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 89. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option Option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 89. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the shares for which this option is to be so exercised in accordance with Section 89. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option such Option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 8. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee You shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has you have exercised this option Option by delivering a notice of exercise and have paid in full the Option Price for the Option Shares so exercised in accordance with Section 85 immediately above. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 89. Except as is expressly provided in the Plan with 5 -5- respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the shares so exercised in accordance with Section 87. Except as is expressly provided in the Plan herein with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 8. Except as is expressly provided in the Plan with respect to certain capital changes in the capitalization of the Companyand successions, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.