Common use of NO RIGHTS OTHER THAN THOSE Clause in Contracts

NO RIGHTS OTHER THAN THOSE. EXPRESSLY CREATED. Neither this Option nor any action taken hereunder shall be construed as (i) giving the Recipient any right to be retained in the employ of, or continue to be affiliated with, the Corporation, (ii) giving the Recipient any equity or interest of any kind in any assets of the Corporation, or (iii) creating a trust of any kind or a fiduciary relationship of any kind between the Recipient and the Corporation. As to any claim for any unpaid amounts under this Option, any person having a claim for payments shall be unsecured creditor. The Recipient shall not have any of the rights of a stockholder with respect to any Option Shares until such time as this Option has been exercised and Option Shares have been issued.

NO RIGHTS OTHER THAN THOSE. EXPRESSLY CREATED. Neither this Option nor any action taken hereunder shall be construed as (i) giving the Recipient Advisor any right to be retained in the employ of, or continue to be affiliated with, the Corporation, (ii) giving the Recipient Advisor any equity or interest of any kind in any assets of the Corporation, or (iii) creating a trust of any kind or a fiduciary relationship of any kind between the Recipient Advisor and the Corporation. As to any claim for any unpaid amounts under this Option, any person having a claim for payments shall be unsecured creditor. The Recipient Advisor shall not have any of the rights of a stockholder with respect to any Option Shares until such time as this Option has been exercised and Option Shares have been issued.