Common use of Options Confer No Rights as Stockholder Clause in Contracts

Options Confer No Rights as Stockholder. The Optionee shall not be --------------------------------------- entitled to any privileges of ownership with respect to shares of Stock subject to an Option unless and until purchased and delivered upon the exercise of an Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Options Confer No Rights as Stockholder. The Optionee shall not be --------------------------------------- entitled to any privileges of ownership with respect to shares of Stock subject to an the Option unless and until purchased and delivered upon the exercise of an Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Options Confer No Rights as Stockholder. The Optionee shall not --------------------------------------- be --------------------------------------- entitled to any privileges of ownership with respect to shares of Stock subject to an the Option unless and until purchased and delivered upon the exercise of an Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Options Confer No Rights as Stockholder. The Optionee shall --------------------------------------- not be --------------------------------------- entitled to any privileges of ownership with respect to shares of Stock subject to an the Option unless and until purchased and delivered upon the exercise of an Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Options Confer No Rights as Stockholder. The Optionee shall not --------------------------------------- be --------------------------------------- entitled to any privileges of ownership with respect to shares of Stock subject to an Option the Options unless and until purchased and delivered upon the exercise of an Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.