Common use of Rights as Shareholder Clause in Contracts

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Option.

Appears in 30 contracts

Samples: Stock Option Agreement (Powerwave Technologies Inc), Stock Option Agreement (Powerwave Technologies Inc), Stock Option Agreement (RespireRx Pharmaceuticals Inc.)

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Rights as Shareholder. The Optionee (Participant or a transferee of this option by will or by the laws of descent and distribution) Options shall have no rights as a shareholder with respect to any Option Shares covered by this until he shall have become the holder of record of such shares, and no adjustment shall be made for dividends or distributions or other rights in respect of such Option until Shares for which the date on which shareholders of record are determined for purposes of paying cash dividends on Common Shares is prior to the issuance date upon which he/she shall become the holder of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionrecord thereof.

Appears in 16 contracts

Samples: Stock Option Agreement (TII Smart Solutions, Sociedad Anonima), Stock Option Agreement (Evertec, LLC), Stock Option Agreement (Evertec, LLC)

Rights as Shareholder. The Optionee (or a transferee of this option by will or by the laws of descent and distribution) Option shall have no rights as a shareholder with respect to any Shares covered shares of Stock subject to the Option prior to the purchase of such shares by this Option until the date exercise of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this OptionOption as provided herein.

Appears in 12 contracts

Samples: Employee Stock Option Agreement (Suncoast Bancorp Inc), Reunion Bank (National Commerce Corp), Directors’ Stock Option Agreement (Floridian Financial Group Inc)

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder of the Corporation with respect to any Shares of the shares covered by this Option option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding upon the exercise of this Optionthe option in full or in part, and then only with respect to the shares represented by such certificate or certificates.

Appears in 8 contracts

Samples: Non Qualified Stock Option Agreement (Perceptron Inc/Mi), Non Qualified Stock Option Agreement (Perceptron Inc/Mi), Non Qualified Stock Option Agreement (Perceptron Inc/Mi)

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until such person has duly exercised this Option, paid the date Exercise Price and become a holder of record of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this OptionShares purchased.

Appears in 7 contracts

Samples: Employment Agreement (Voice Assist, Inc.), Employment Agreement (Voice Assist, Inc.), Employment Agreement (Voice Assist, Inc.)

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder of the Company with respect to any Shares of the shares covered by this Option option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding upon the exercise of this Optionthe option in full or in part, and then only with respect to the shares represented by such certificate or certificates.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Perceptron Inc/Mi), Nonqualified Stock Option Agreement (Champion Enterprises Inc), Stock Option Agreement (Perceptron Inc/Mi)

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder of the Company with respect to any Shares of the shares covered by this Option option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding upon the exercise of this Optionthe option in full or in part, and then only with respect to such shares represented by such certificate or certificates.

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (Champion Enterprises Inc), Nonqualified Stock Option Agreement (Champion Enterprises Inc), Nonqualified Stock Option Agreement (Champion Enterprises Inc)

Rights as Shareholder. The Optionee (Participant or a transferee of this option by will or by the laws of descent and distribution) Options shall have no rights as a shareholder with respect to any Option Shares covered by this until he shall have become the holder of record of such shares, and no adjustment shall be made for dividends or distributions or other rights in respect of such Option until Shares for which the record date is prior to the date upon which he shall become the holder of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionrecord thereof.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Horizon PCS Inc), Nonqualified Stock Option Agreement (Horizon PCS Inc), Nonqualified Stock Option Agreement (Horizon PCS Inc)

Rights as Shareholder. The Optionee (or a permitted transferee of this option by will or by the laws of descent and distribution) an Option shall have no rights as a shareholder of the Company with respect to any Shares covered shares of Stock subject to such Option prior to the purchase of such shares of Stock by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionsuch Option as provided in the Plan.

Appears in 5 contracts

Samples: Stock Option Agreement (Blonder Tongue Laboratories Inc), Stock Option Agreement (Blonder Tongue Laboratories Inc), Stock Option Agreement (Blonder Tongue Laboratories Inc)

Rights as Shareholder. The An Optionee (or permitted transferee of this option by will or by the laws of descent and distribution) an Option shall have no rights as a shareholder of the Company with respect to any Shares covered shares of Stock subject to such Option prior to the Optionee’s purchase of such shares of Stock by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionsuch Option as provided in the Plan.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Blonder Tongue Laboratories Inc), Incentive Stock Option Agreement (Blonder Tongue Laboratories Inc), Incentive Stock Option Agreement (Blonder Tongue Laboratories Inc)

Rights as Shareholder. The Optionee (or a transferee of this option by will or by the laws of descent and distribution) Options shall have no rights as a shareholder with respect to any Option Shares covered by this until he/she shall have become the holder of record of such share, and no adjustment shall be made for dividends or distributions or other rights in respect of such Option until Shares for which the record date is prior to the date upon which he shall become the holder of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionrecord thereof.

Appears in 3 contracts

Samples: Stock Option Agreement (Digital Lifestyles Group Inc), 2 Stock Option Agreement (Digital Lifestyles Group Inc), Stock Option Agreement (Northgate Innovations Inc)

Rights as Shareholder. The Optionee (or transferee of this option by --------------------- will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Option.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Keith Companies Inc), Stock Option Agreement (Interplay Entertainment Corp), Incentive Stock Option Agreement (Keith Companies Inc)

Rights as Shareholder. The An Optionee (or permitted transferee of this option by will or by the laws of descent and distribution) an Option shall have no rights or privileges as a shareholder with respect to any Shares shares covered by this an Option until the date of the issuance of a stock certificate or such Option has been duly exercised and certificates representing shares purchased upon such exercise have been issued to him or her for such Shares, notwithstanding the exercise of this Optionperson.

Appears in 3 contracts

Samples: Employment Agreement (Voice Assist, Inc.), Employment Agreement (Voice Assist, Inc.), Employment Agreement (Voice Assist, Inc.)

Rights as Shareholder. The An Optionee (or a transferee of this option by will or by the laws of descent and distribution) an Option shall have no rights as a shareholder with respect to any Shares covered shares of Stock subject to such Option prior to the purchase of such shares by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionsuch Option as provided herein.

Appears in 2 contracts

Samples: Reorganization Agreement and Plan of Share Exchange (TGR Financial, Inc.), Stock Option Agreement (Colonial Bancgroup Inc)

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder of the Company with respect to any Shares of the shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding upon the exercise of this Optionthe Option in full or in part and payment by the Optionee of the purchase price for such shares, and then only with respect to the shares represented by such certificate or certificates.

Appears in 2 contracts

Samples: Award Agreement (Mechanical Technology Inc), Award Agreement (Mechanical Technology Inc)

Rights as Shareholder. The Optionee (or permitted transferee of this option by will or by the laws of descent and distribution) Option shall have no rights as a shareholder of the Company with respect to any Shares covered shares of Stock subject to such Option prior to the Optionee’s purchase of such shares of Stock by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this such Option.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Blonder Tongue Laboratories Inc), Nonqualified Stock Option Agreement (Blonder Tongue Laboratories Inc)

Rights as Shareholder. The Optionee (or transferee of this option by ---------------------- will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Option.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Gish Biomedical Inc), Nonqualified Stock Option Agreement (Gish Biomedical Inc)

Rights as Shareholder. The Optionee (or transferee of this option Option by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until such person has duly exercised this Option, paid the date Exercise Price and become a holder of record of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this OptionShares purchased.

Appears in 2 contracts

Samples: Early Exercise Stock Purchase Agreement (Artisan Components Inc), Stock Option Agreement (Artisan Components Inc)

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or such Option has been duly exercised and certificates representing shares purchased upon such exercise have been issued to him or her for such Shares, notwithstanding the exercise of this Optionperson.

Appears in 1 contract

Samples: Stock Option Agreement (Cortex Pharmaceuticals Inc/De/)

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Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Option.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Tangible Asset Galleries Inc)

Rights as Shareholder. The Optionee (or transferee of this option by --------------------- will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until such person has duly exercised this Option, paid the date Exercise Price and become a holder of record of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this OptionShares purchased.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Newport Corp)

Rights as Shareholder. The Optionee (or a transferee of this option by will or by the laws of descent and distribution) Option shall have no rights as a shareholder with respect to any Shares share covered by this the Option until he shall have become the holder of record of such share, and, subject to paragraph 8 hereof, no adjustment shall be made for dividends or distributions or other rights in respect of such share for which the record date is prior to the date upon which he shall become the holder of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionrecord thereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Kollmorgen Corp)

Rights as Shareholder. The Optionee (or a transferee of this option by will or by the laws of descent and distribution) Option shall --------------------- have no rights as a shareholder with respect to any Shares share covered by this the Option until he shall have become the holder of record of such share, and, subject to paragraph 8 hereof, no adjustment shall be made for dividends or distributions or other rights in respect of such share for which the record date is prior to the date upon which he shall become the holder of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionrecord thereof.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Kollmorgen Corp)

Rights as Shareholder. The Optionee (or transferee of this option --------------------- by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until such person has duly exercised this Option, paid the date Exercise Price and become a holder of record of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this OptionShares purchased.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Newport Corp)

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Option.

Appears in 1 contract

Samples: Stock Option Agreement (Icx Electronics Inc)

Rights as Shareholder. The Optionee (or transferee of this option Option by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Option.

Appears in 1 contract

Samples: Stock Option Agreement (Hienergy Technologies Inc)

Rights as Shareholder. The Optionee (or transferee of this option by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her tier for such Shares, notwithstanding the exercise of this Option.

Appears in 1 contract

Samples: Stock Option Agreement (Outdoor Channel Holdings Inc)

Rights as Shareholder. The An Optionee (or any permitted transferee of this option by will or by the laws of descent and distribution) an Option shall have no rights as a shareholder with respect to any Shares covered shares of Stock subject to such Option prior to the purchase of such shares by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionsuch Option as provided herein.

Appears in 1 contract

Samples: Intellon Corp

Rights as Shareholder. The Optionee (or transferee of this option --------------------- by will or by the laws of descent and distribution) shall have no rights as a shareholder with respect to any Shares covered by this Option until the date of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Option.

Appears in 1 contract

Samples: Stock Option Plan Option Agreement (Powerwave Technologies Inc)

Rights as Shareholder. The An Optionee (or permitted transferee --------------------- of this option by will or by the laws of descent and distribution) an Option shall have no rights as a shareholder of the Company with respect to any Shares shares of Stock covered thereby prior to his purchase of such shares of Stock by this exercise of such Option until as provided in the date Plan. Such Optionee or permitted transferee shall thereafter be deemed to have substantially all of the issuance rights of a stock certificate or certificates ownership to him or her for the shares of Stock in respect of which such Shares, notwithstanding the exercise of this Optionshall be made.

Appears in 1 contract

Samples: Grip Technologies Inc

Rights as Shareholder. The Optionee (or a transferee of this option by will or by the laws of descent and distribution) Option shall have no rights as a shareholder with respect to any Shares share covered by this the Option until he shall have become the holder of record of such share, and, subject to paragraph 8 hereof, no adjustment shall be made for dividends or distributions or other rights in respect of such share for which the record date is prior to the date upon which he shall become the holder of the issuance of a stock certificate or certificates to him or her for such Shares, notwithstanding the exercise of this Optionrecord thereof. 8.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Kollmorgen Corp)

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