Rights as Member. Upon the issuance of a certificate or certificates representing the Restricted Shares to Executive, Executive shall become the owner thereof for all purposes and shall have all rights as a member of the Company, including, without limitation, voting rights and the right to receive dividends and distributions, with respect to the Restricted Shares, subject to the forfeiture provisions hereof and the following provisions of this Section 5. If the Company shall pay or declare a dividend or make a distribution of any kind, whether due to a reorganization, recapitalization or otherwise, with respect to the Ordinary Shares constituting the Restricted Shares, then the Company shall pay or make such dividend or other distribution with respect to the Restricted Shares.
Rights as Member. Until the issuance of the Shares (as evidenced by the appropriate entry in the register of members, or on the books of the Company or of a duly authorized transfer agent of the Company), no right to receive dividends or any other rights as a member shall exist with respect to the Shares subject to the Option, notwithstanding the exercise of the Option. The Shares shall be issued to Holder as soon as practicable after the Option is exercised in accordance with the Option Agreement. No adjustment shall be made for a dividend or other right for which the record date is prior to the date of issuance except as provided in Section 10 of the Plan.
Rights as Member. Employee shall be the record owner of the Restricted Units until or unless such Restricted Units are forfeited pursuant to Paragraph 4 hereof, and as record owner shall be entitled to the rights and subject to all of the obligations of a member of the Company subject to the terms and conditions of the LLC Agreement. Without limiting the generality of the foregoing, prior to vesting (i) Employee shall not be entitled to any voting rights with respect to the Restricted Units, and (ii) the Restricted Units shall be subject to the limitations on transfer set forth in Paragraph 9 hereof.
Rights as Member. Until the issuance of the Units (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive allocations of profits or losses or any other rights as a Member shall exist with respect to the Units, notwithstanding the exercise of the Option. The Units shall be issued to the Optionee as soon as practicable after the Option is exercised. No adjustment shall be made for a dividend or other right for which the record date is prior to the date of issuance except as provided in Section 11 of the Plan.
Rights as Member. Without limiting any provision of this Warrant, Holder agrees that, as a Holder of this Warrant, it will not have any rights as a member of the Company unless and until the exercise of this Warrant, and then only with respect to the Units issued upon such exercise. Upon exercise of this Warrant, the Company agrees that Holder shall automatically and without further action by any person be admitted as a member of the Company under the Operating Agreement with respect to the Units issued upon such exercise.
Rights as Member. Subject to the terms and conditions of this Agreement and the Bylaws, Purchaser will have all of the rights of a shareholder of the Company with respect to the Stock from and after the date that Purchaser delivers payment of the Purchase Price until such time as Purchaser disposes of the Stock.
Rights as Member. Until the issuance of the Units (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or other distributions or any other rights as a member of the Company will exist with respect to the units of Membership Interest subject to the Option, notwithstanding the exercise of the Option. The Units will be issued to the Purchaser as soon as practicable after the Option is exercised in accordance with the Option Agreement. No adjustment will be made for a dividend or other distribution or other right for which the record date is prior to the date of issuance of the Units.
Rights as Member. Neither the Participant nor any of the Participant's successors or assigns will be deemed to have any rights as a Member until exercise of this Interest Option and payment of the Option Price.
Rights as Member. Neither Employee nor Employee’s successor on Employee’s death will have any of the rights or privileges of a Member of GreenSky in respect of any of the Option Units unless and until the Option has been deemed exercised, the Option Units have been fully paid, all applicable tax withholdings have been satisfied and the name of Employee or Employee’s successor on Employee’s death has been entered as the owner of record on GreenSky’s books. Notwithstanding any of the other provisions of this Agreement, Employee or Employee’s successor on Employee’s death shall not become a Member and owner of record on GreenSky’s books of the Class A Units to be delivered pursuant to the deemed exercise of the Option unless and until Employee or Employee’s successor on Employee’s death has executed a written joinder agreement to the Operating Agreement by the time the Option is deemed exercised. All Class A Units that Employee or Employee’s successor on Employee’s death acquires pursuant to the Option shall be subject to the terms of the Operating Agreement.
Rights as Member. Subject to the provisions and limitations hereof and of the LLC Agreement, the Stockholders Agreement and the Registration Rights Agreement, the Purchaser may, during the term of this Agreement, exercise all rights and privileges of a Class 1 Member of the Company with respect to the Shares, to the extent the Purchaser continues to hold the Shares as shown by the LLC Agreement.
