Rights in Shares Prior to Issuance Clause Samples
The 'Rights in Shares Prior to Issuance' clause defines the legal status and entitlements of parties with respect to shares that have not yet been formally issued by a company. Typically, this clause clarifies that no rights—such as voting, dividends, or transferability—attach to shares until they are officially issued and registered in the shareholder's name. For example, a party who has agreed to purchase shares does not gain shareholder rights until the issuance process is complete. This clause ensures clarity by preventing disputes over ownership or rights before the formal issuance of shares, thereby protecting both the company and prospective shareholders from misunderstandings or premature claims.
Rights in Shares Prior to Issuance. Prior to issuance of shares of Common Stock in accordance with Section 2(b), neither Employee nor his or her legatees, personal representatives or distributees (i) shall be deemed to be a holder of any shares of Common Stock represented by the RSUs awarded hereunder or (ii) have any voting rights with respect to any such shares.
Rights in Shares Prior to Issuance. Prior to issuance of certificates for Shares (if applicable), neither the Awardee nor his or her legatees, personal representatives, or distributees (i) shall be deemed to be a holder of any Shares subject to this SAR or (ii) have any voting rights with respect to any such Shares.
Rights in Shares Prior to Issuance. Prior to issuance of certificates for shares of Common Stock, neither the Optionee nor the legatees, personal representatives or distributees of the Optionee, shall be deemed to be a holder of any shares of Common Stock subject to option.
Rights in Shares Prior to Issuance. Prior to issuance of the Option Shares pursuant to the exercise of rights granted hereunder, whether by book entry or by physical certificate, neither the Optionee nor his legatees, personal representatives, or distributees, shall be deemed to be a holder of any Option Shares.
Rights in Shares Prior to Issuance. Prior to issuance of Shares in accordance with Section 2(b), neither Employee nor his or her legatees, personal representatives or distributees (i) shall be deemed to be a holder of any Shares represented by the Performance Shares awarded hereunder or (ii) have any voting rights with respect to any such Shares.
Rights in Shares Prior to Issuance. Prior to issuance of shares of Common Stock in accordance with Section 3, neither Employee nor his or her legatees, personal representatives or distributees (i) shall be deemed to be a holder of any shares of 80238 Common Stock subject to this Option or (ii) have any voting rights with respect to any such shares.
Rights in Shares Prior to Issuance. Prior to the issuance of Shares upon settlement of the RSUs subject to this Award, neither Employee nor his or her legatees, personal representatives or distributees shall (i) be deemed to be a holder of any Shares represented by the RSUs awarded hereunder or (ii) have any voting, dividend or other rights with respect to any such Shares.
Rights in Shares Prior to Issuance. Prior to issuance of SAR Shares in accordance with Section 4, neither Employee nor his or her legatees, personal representatives or distributees shall (i) be deemed to be a holder of any shares of Common Stock subject to this Award or (ii) have any voting, dividend, or other rights with respect to any such SAR Shares.