Common use of Rights of a Shareholder Clause in Contracts

Rights of a Shareholder. The Optionee shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares covered by this Option unless this Option shall have been exercised and the Exercise Price paid in the manner provided herein. No adjustment will be made for dividends or other rights where the record date is prior to the date of exercise and payment. Upon the exercise of the Option and the issuance of the certificate or certificates evidencing the shares of Common Stock received, except as otherwise provided herein, the Optionee shall have all the rights of a stockholder of the Company including the rights to receive all dividends or other distributions paid or made with respect to such shares.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Inter Act Systems Inc), Incentive Stock Option Agreement (Inter Act Systems Inc), Incentive Stock Option Agreement (Inter Act Systems Inc)

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Rights of a Shareholder. The Optionee shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares Shares covered by this the Option unless this the Option shall have been exercised and the Exercise Price paid in the manner provided herein. No adjustment will be made for dividends or other rights where the record date is prior to the date of exercise and payment. Upon the exercise of the Option as provided herein and the issuance of the certificate or certificates evidencing the shares of Common Stock received, except as otherwise provided hereinShares covered thereby, the Optionee shall have all the rights of a stockholder shareholder of the Company Company, including the rights right to receive all dividends or other distributions paid or made with respect to such shares.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Wellington Hall LTD), Incentive Stock Option Agreement (Wellington Hall LTD), Incentive Stock Option Agreement (Bingham Arthur F)

Rights of a Shareholder. The Optionee Option Holder shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares covered by this Option unless this Option shall have been exercised and the Exercise Price exercise price paid in the manner provided herein. No Except as provided in Section 4 of the Plan, no adjustment will be made for dividends or other rights where the record date is prior to the date of exercise and payment. Upon the exercise of the Option and the issuance of the certificate or certificates evidencing the shares of Common Stock received, except as otherwise provided herein, the Optionee Option Holder shall have all the rights of a stockholder shareholder of the Company including the rights to receive all dividends or other distributions paid or made with respect to such shares.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (FNB Corp/Nc), Nonqualified Stock Option Agreement (FNB Corp/Nc)

Rights of a Shareholder. The Optionee shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares Shares covered by this Option unless this Option shall have been exercised and the Exercise Price paid in the manner provided herein. No adjustment will be made for dividends or other rights where the record date is prior to the date of exercise and payment. Upon the exercise of the Option as provided herein and the issuance of the certificate or certificates evidencing the shares of Common Stock received, except as otherwise provided hereinShares covered thereby, the Optionee shall have all the rights of a stockholder shareholder of the Company Company, including the rights right to receive all dividends or other distributions paid or made with respect to such shares.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Bingham Arthur F), Nonqualified Stock Option Agreement (Wellington Hall LTD)

Rights of a Shareholder. The Optionee shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares covered by this Option unless this Option shall have been exercised and the Exercise Price paid in the manner provided herein. No adjustment will be made for dividends or other rights where the record date is prior to the date of exercise and payment. Upon the exercise of the Option and the issuance of the certificate or certificates evidencing the shares of Common Stock received, except as otherwise provided herein, the Optionee shall have all the rights of a stockholder shareholder of the Company including the rights to receive all dividends or other distributions paid or made with respect to such shares.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Investors Title Co), Incentive Stock Option Agreement (Investors Title Co)

Rights of a Shareholder. The Optionee shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares Shares covered by this Option unless this Option shall have been exercised and the Exercise Price paid in the manner provided herein. No adjustment will be made for dividends or other rights where the record date is prior to the date of exercise and payment. Upon the exercise of the Option as provided herein and the issuance of the certificate or certificates evidencing the shares of Common Stock receivedShares covered thereby, except as otherwise provided herein, the Optionee shall have all the rights of a stockholder shareholder of the Company Company, including the rights right to receive all dividends or other distributions paid or made with respect to such sharesShares.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Investors Title Co), Nonqualified Stock Option Agreement (Investors Title Co)

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Rights of a Shareholder. The Optionee shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares Shares covered by this Option unless this Option shall have been exercised and the Exercise Price paid in the manner provided herein. No adjustment will be made for dividends or other rights where the record date is prior to the date of exercise and payment. Upon the exercise of the Option as provided herein and the issuance of the certificate or certificates evidencing the shares of Common Stock received, except as otherwise provided hereinShares covered thereby, the Optionee shall have all the rights of a stockholder shareholder of the Company Company, including the rights right to receive all dividends or other distributions paid or made with respect to such sharesShares.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Investors Title Co), Nonqualified Stock Option Agreement (Investors Title Co)

Rights of a Shareholder. This Agreement does not constitute a contract of employment. The Optionee shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares covered by this Option unless this Option shall have been exercised and the Exercise Price paid in the manner provided herein. No adjustment will be made for dividends or other rights where the record date is prior to the date of exercise and payment. Upon the exercise of the Option and the issuance of the certificate or certificates evidencing the shares of Common Stock received, except as otherwise provided herein, the Optionee shall have all the rights of a stockholder of the Company company including the rights to receive all dividends or other distributions paid or made with respect to such shares.

Appears in 1 contract

Samples: Key Employee Non Qualified Stock Option Agreement (Panaco Inc)

Rights of a Shareholder. The Optionee shall not be deemed for any purpose to be a shareholder of the Company with respect to any shares covered by this Option unless this Option shall have been exercised and the Exercise Price paid in the manner provided herein. No adjustment will be made for dividends or other rights where the record date for such dividends or other rights is prior to the date of exercise and payment. Upon the exercise of the Option and the issuance payment of the certificate or certificates evidencing Exercise Price for the shares of Common Stock received, except as otherwise provided hereinsubject to such exercise, the Optionee shall have all the rights of a stockholder shareholder of the Company including the rights to receive all dividends or other distributions paid or made with respect to such shares.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Inter Act Systems Inc)

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