Common use of No Rights of a Shareholder Clause in Contracts

No Rights of a Shareholder. The Grantee shall not have any of the rights or privileges of a shareholder (including the right to vote or receive dividends) or otherwise be deemed the holder of the Shares underlying the Performance Shares for any purpose, and nothing in this Agreement shall be construed to confer upon the Grantee any of the rights, privileges or obligations of a shareholder of the Company, unless and until Common Stock is actually issued to and held of record by the Grantee upon settlement of the Performance Shares under this Agreement.

Appears in 13 contracts

Samples: Performance Shares Agreement (Optex Systems Holdings Inc), Performance Shares Agreement (Superior Group of Companies, Inc.), Performance Shares Agreement (Superior Group of Companies, Inc.)

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