Common use of Not a Stockholder Clause in Contracts

Not a Stockholder. The holder of the Option shall not have any of the rights of a stockholder of the Company with respect to the shares covered by the Option except to the extent that the certificate or certificates for such shares shall be delivered to him upon the due exercise of the Option.

Appears in 9 contracts

Samples: Non Qualified Stock Option Agreement (K Tel International Inc), Non Qualified Stock Option Agreement (Granite City Food & Brewery LTD), Non Qualified Stock Option Agreement (K Tel International Inc)

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Not a Stockholder. The holder of the Option shall not ----------------- have any of the rights of a stockholder of the Company with respect to the shares covered by the Option except to the right to vote those shares reflected in the Option and to the extent that the certificate or certificates for such shares shall be delivered to him upon the due exercise of the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Film & Music Entertainment, Inc.)

Not a Stockholder. The holder of the Option shall not ----------------- have any of the rights of a stockholder of the Company with respect to the shares covered by the Option except to the right to vote the shares reflected in the Option and the extent that the certificate or certificates for such shares shall be delivered to him upon the due exercise of the Option.

Appears in 1 contract

Samples: Non Oualified Stock Option Agreement (Film & Music Entertainment, Inc.)

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Not a Stockholder. The holder of the Option shall ----------------- not have any of the rights of a stockholder of the Company with respect to the shares covered by the Option except to the right to vote those shares reflected in the Option and to the extent that the certificate or certificates for such shares shall be delivered to him upon the due exercise of the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Film & Music Entertainment, Inc.)

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