Rights of Optionee. The Optionee shall not be, nor shall he have any of the rights or privileges of, a stockholder of the Company in respect of any of the shares issuable upon the exercise of this Option unless and until certificates representing such shares shall have been issued and delivered; except that the Company shall supply the Optionee with all financial information and other reports which the Company furnished its stockholders during the Option period.
Rights of Optionee. (a) The Optionee shall have none of the rights of a stockholder with respect to the shares covered by the Option until the shares are issued or transferred to such Optionee upon exercise of the Option.
Rights of Optionee. The Optionee will have no rights as a shareholder of the Company with respect to the grant of the Option under this Agreement until and to the extent the Option is exercised and the Company issues shares of Stock to the Optionee.
Rights of Optionee. The grant of the Option (or any other Option under this Agreement or any other agreement) in any year shall give the Optionee neither any right to similar grants in future years nor any right to be retained in the Service of the Grantor, such Service being terminable to the same extent as if the Plan and this Agreement were not in effect. The right and power of the Grantor to dismiss or discharge any employee is specifically and unqualifiedly unimpaired by this Agreement. Neither the Optionee nor any other person legally entitled to exercise any rights under this Agreement shall be entitled to any of the rights or privileges of a stockholder of the Grantor with respect to any Shares which may be issuable upon any exercise pursuant to this Agreement, unless and until the stock records of the Grantor reflect the issuance of such Shares.
Rights of Optionee. The OPTIONEE shall have no rights as a shareholder of the COMPANY with respect to any COMMON SHARES of the COMPANY covered by the OPTION until the date of issuance of a certificate to him evidencing such COMMON SHARES.
Rights of Optionee. Optionee by virtue of holding the Options to purchase the Option Shares shall not have any rights to any dividends to be distributed by the Corporation to the shareholders or any other rights of a shareholder in the Corporation with respect to any of the Option Shares until Optionee exercises the Option to purchase the Option Shares pursuant to Section 5 of this Agreement.
Rights of Optionee. The Optionee shall have no rights as a stockholder with respect to any shares of Common Stock covered by an Option until the Optionee shall have become the holder of record of such shares and no adjustments shall be made for dividends or other distributions or other rights as to which there is a record date preceding the date the Optionee becomes the holder of record of such shares.
Rights of Optionee. The Optionee shall not have any rights to ------------------ dividends or any other rights of a stockholder with respect to any Option Shares until such Shares shall have been issued to him (as evidenced by the appropriate entry on the transfer books of the Company) upon purchase of such Shares upon exercise of the Option. Furthermore, nothing contained in this Agreement shall confer upon the Optionee any right to be continued in the employ of the Company or its subsidiaries beyond what is called for in an Employment Agreement, if any, or shall prevent the Company from terminating his employment in accordance with the Employment Agreement, if any.
Rights of Optionee. Nothing contained in this Agreement or in any other documents related to this Agreement shall confer upon the Optionee any right to continue in the service or employ of the Company or constitute any contract or agreement of service or employment, or interfere in any way with the right of the Company to reduce the Optionee's compensation or other benefits or to terminate the services or employment of the Optionee, with or without cause, but nothing contained in this Agreement or any document related thereto shall affect any independent contractual right of the Optionee. Nothing contained in this Agreement or any document related hereto shall influence the construction or interpretation of the Company's Certificate of Incorporation or Bylaws regarding service on the Board. The Option shall be payable in shares of Common Stock (subject to adjustment as described above) and no special or separate reserve, fund or deposit shall be made to assure payment of the Option. Neither the Optionee nor any other person shall have any right, title or interest in any fund or in any specific asset (including shares of Common Stock) of the Company by reason of the Option. Neither the provisions of this Agreement (or of any documents related hereto), nor the grant of the Option shall create, or be construed to create, a trust of any kind or a fiduciary relationship between the Company and the Optionee or other person.
Rights of Optionee. Nothing herein contained shall confer on the Optionee any right with respect to the continuation of employment or interfere with the right of LST or any subsidiary of LST to terminate such employment or, except as to shares actually issued, confer any rights as a shareholder upon the holder hereof.
