Common use of NO SHAREHOLDER RIGHTS BEFORE EXERCISE AND ISSUANCE Clause in Contracts

NO SHAREHOLDER RIGHTS BEFORE EXERCISE AND ISSUANCE. No rights as a stockholder shall exist with respect to the Common Stock subject to the Stock Option as a result of the grant of the Stock Option, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan. Such rights shall exist only after issuance of stock following the exercise of the Stock Option as provided in the Plan.

Appears in 2 contracts

Samples: Stock Incentive Plan Stock Option Agreement (Scholastic Corp), Scholastic Corporation 2011 Stock Incentive Plan Stock Option Agreement (Scholastic Corp)

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NO SHAREHOLDER RIGHTS BEFORE EXERCISE AND ISSUANCE. No rights as a stockholder shall exist with respect to the Common Class A Stock subject to the Stock Option as a result of the grant of the Stock Option, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan. Such rights shall exist only after issuance of stock following the exercise of the Stock Option as provided in the Plan.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Scholastic Corp)

NO SHAREHOLDER RIGHTS BEFORE EXERCISE AND ISSUANCE. No rights as a stockholder shareholder shall exist with respect to the Common Stock subject to the Stock Option as a result of the grant of the Stock Option, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan. Such rights shall exist only after issuance shares of stock Common Stock are registered in the name of an Outside Director following the exercise of the Stock Option as provided in this Agreement and the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Scholastic Corp)

NO SHAREHOLDER RIGHTS BEFORE EXERCISE AND ISSUANCE. No rights as a stockholder shareholder shall exist with respect to the Common Stock subject to the Stock Option as a result of the grant of the Stock Option, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan. Such rights shall exist only after issuance shares of stock Common Stock are issued in the name of the Outside Director following the exercise of the Stock Option as provided in this Agreement and the Plan.

Appears in 1 contract

Samples: Outside Directors Stock Incentive Plan (Scholastic Corp)

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NO SHAREHOLDER RIGHTS BEFORE EXERCISE AND ISSUANCE. No rights as a stockholder shall exist with respect to the Common Stock subject to the Stock Option as a result of the grant of the Stock Option, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan. Such rights shall exist only after issuance of stock following the exercise of the Stock Option as provided in the Employment Agreement and the Plan.

Appears in 1 contract

Samples: Scholastic Corporation 2011 Stock Incentive Plan Stock Option Agreement (Scholastic Corp)

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