No Rights of Ownership Sample Clauses
The "No Rights of Ownership" clause establishes that participation in an agreement or access to certain assets does not confer any ownership interest to the participant. In practice, this means that even if a party is granted use of intellectual property, software, or other resources, they do not acquire any legal or equitable title to those assets. This clause is essential for protecting the original owner's rights and preventing misunderstandings about asset control or entitlement, thereby ensuring that all parties are clear about the limits of their rights under the agreement.
No Rights of Ownership. At no time shall the Employee have any rights of ownership with respect to any Company Common Stock by reason of the grant or exercise of this Award.
No Rights of Ownership. ▇▇▇▇▇▇▇ shall have no rights of a stockholder with respect to shares of Preferred Stock to be acquired by the exercise of the Option until the date of issuance of a certificate or certificates representing such shares. Except as otherwise expressly provided herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued. All shares of Preferred Stock purchased upon the exercise of the Option as provided herein shall be fully paid and non-assessable. The Company shall give ▇▇▇▇▇▇▇ advance notice prior to declaring any cash dividend on the Preferred Stock to allow ▇▇▇▇▇▇▇ time to exercise the Option prior to the record date of any such dividend.
No Rights of Ownership. The grant of the right to market, distribute and sell the Player and SoundCards contemplated by Section 1 shall not include or create any right or interest of ▇▇▇.▇▇▇ in the Player or SoundCards or give ▇▇▇.▇▇▇ the right to modify or make alterations or improvements thereto or otherwise reverse engineer or disassemble the Player or SoundCards.
No Rights of Ownership. At no time shall the Participant have any rights of ownership with respect to any Partnership Interests by reason of the grant or exercise of this Award, and Participant shall have no voting, distribution, liquidation or other similar rights with respect to the Company or of a holder of Partnership Interests in the Company.
No Rights of Ownership. Participant acknowledges that the exercise of the Unit Appreciation Rights shall entitle him or her only to the cash payment provided by the terms of the Agreement and that Participant shall not have any rights of ownership with respect to any Partnership Interests by reason of the grant or exercise of this Award, and Participant shall have no voting, distribution, liquidation or other similar rights with respect to the Company or of a holder of Partnership Interests in the Company.