RIGHTS OF THE OPTIONEE. The Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to the Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Company's counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Company may be listed shall have been fully complied with.
RIGHTS OF THE OPTIONEE. Neither this Option, the execution of this Agreement nor the exercise of any portion of this Option shall confer upon the Optionee any right to, or guarantee of, continued employment by the Company, or in any way limit the right of the Company to terminate employment of the Optionee at any time, subject to the terms of any written employment agreement between the Company and the Optionee.
RIGHTS OF THE OPTIONEE. No Optionee shall be deemed for any purpose to be the owner of any Option Shares subject to any Option unless and until (a) the Option shall have been exercised pursuant to the terms thereof, (b) the Company shall have issued and delivered the Option Shares to the Optionee and (c) the Optionee’s name shall have been entered as a stockholder of record on the books of the Company. Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to such Option Shares.
RIGHTS OF THE OPTIONEE. The grant of this Option, execution of this Agreement or exercise of any portion of this Option shall not confer upon the Optionee any right to, or guaranty of, a position as an employee, consultant, advisor or director of the Company or any of its subsidiaries.
RIGHTS OF THE OPTIONEE. Nothing in this Agreement shall ---------------------- interfere with or limit in any way the right of the Company to terminate the Optionee's employment at any time (with or without cause), nor confer upon the Optionee any right to continue in the employ of the Company for any period of time or to continue his or her present (or any other) rate of compensation.
RIGHTS OF THE OPTIONEE. The Optionee shall not be entitled to any rights of a shareholder of the Company with respect to the Option Shares solely as a result of the grant of the Option. Such rights shall exist only after issuance of a stock certificate in accordance with Section 3 above following the Optionee's exercise of the Option (or a portion thereof) hereunder. The rights of the Optionee are limited to those expressly provided in this Option.
RIGHTS OF THE 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 the OPTIONEE evidencing such COMMON SHARES.
RIGHTS OF THE OPTIONEE. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate the Optionee's employment at any time (with or without Cause), or to confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary for any period of time, or to continue to receive the Optionee's current (or other) rate of compensation. Except as otherwise provided herein, unless and until a certificate or certificates representing the Option Shares shall have been issued to the Optionee, the Optionee shall not be a securityholder or have any of the rights or privileges of a securityholder of the Company with respect to shares of Common Stock acquired upon exercise of the Option.
RIGHTS OF THE 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 Common Stock to the Optionee.
RIGHTS OF THE OPTIONEE. The Optionee shall not, by virtue of his ownership of this Option alone, be entitled to any rights of a holder of Common Shares of the Company, either at law or equity, and the rights of the Optionee are limited to those expressly set forth in this Agreement.
