Rights of Option Holder. Employee, as holder of the Option, shall not have any of the rights of a shareholder with respect to the Shares covered by the Option except to the extent that one or more certificates for such Shares shall be delivered to him or her upon the due exercise of all or any part of the Option.
Rights of Option Holder. Executive, as holder of the Option, shall not have any of the rights of a shareholder with respect to the Shares covered by the Option except to the extent that one or more certificates for such Shares shall be delivered to him or her upon the due exercise of all or any part of the Option (or, if applicable, Shares have been recorded as book entries in the corporate records of the Company). Nothing contained in this Agreement shall be deemed to grant Executive any right to continue to continue as a member of the Board or in the employ of the Company for any period of time or any right to continue his or her present or any other rate of compensation, nor shall this Agreement be construed as giving Executive, Executive’s beneficiaries or any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such person.
Rights of Option Holder. Optionee, as holder of the Option, shall not have any of the rights of a shareholder with respect to the Shares covered by the Option unless and until such time, and to the extent, Optionee validly exercises all or any part of the Option.
Rights of Option Holder. Nothing contained in this Agreement shall be construed as conferring upon the Holder the right to vote or to consent or to receive notice as a shareholder in respect of any meetings of shareholders for the election of directors or any other matter, or as having any rights whatsoever as a shareholder of the Company.
Rights of Option Holder. Employee, as holder of the Option, shall not have any of the rights of a shareholder with respect to the Shares covered by the Option except to the extent that one or more certificates for such Shares shall be delivered to him or her upon the due exercise of all or any part of the Option. Nothing contained in this Agreement shall be deemed to grant Employee any right to continue in the employ of the Company for any period of time or to any right to continue his or her present or any other rate of compensation, nor shall this Agreement be construed as giving Employee, Employee’s beneficiaries or any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such person.
Rights of Option Holder. Director, as holder of the Option, shall not have any of the rights of a shareholder with respect to the shares covered by the Option except to the extent that one or more certificates for such shares shall be delivered to him upon the due exercise of all or any part of the Option.
Rights of Option Holder. The Option Holder will have none of the ----------------------- rights of a stockholder with respect to any Common Stock subject to the Option until such shares are issued to such Option Holder upon the exercise of the Option.
Rights of Option Holder. Optionee shall not, by virtue hereof, be entitled to any of the rights of a stockholder in Optionor, either at law or in equity; PROVIDED, HOWEVER, that in the event any certificate or certificates representing shares of Option Stock are acquired by Optionee upon exercise of the Option, then Optionee shall, for all purposes, be deemed to have become the holder of record of such shares of Option Stock on the date on which this Option was exercised and payment of the Exercise Price was made, irrespective of the date of delivery of such share certificate or certificates. The rights of Optionee under this option are limited to those expressed herein, and Optionee, by its acceptance hereof, consents to and agrees to be bound by and comply with all of the provisions of this Option, including, without limitation, all of the obligations imposed upon optionee by Section 6 hereof.
Rights of Option Holder. Mix, as holder of the Option, shall not have any of the rights of a shareholder with respect to the Option Shares covered by the Option except to the extent that one or more certificates for such Option Shares shall be delivered to him upon the due exercise of all or any part of the Option.
Rights of Option Holder. Option Holder shall not, by virtue hereof, be entitled to any rights of a shareholder in the Company, either at law or in equity, and the rights of Option Holder are limited to those expressed in this Option.
