Common use of Rights Prior to Exercise of Option Clause in Contracts

Rights Prior to Exercise of Option. The Optionee shall have no rights as a shareholder with respect to the shares of Company stock subject to the Option until the exercise of his rights hereunder and the issuance and delivery to Optionee of a certificate or certificates evidencing such shares.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Cutter & Buck Inc), Non Qualified Stock Option Agreement for Non Employee Directors (Cutter & Buck Inc)

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Rights Prior to Exercise of Option. The Optionee shall not have no any rights as a shareholder stockholder with respect to any of the shares of Company stock subject Optioned Securities prior to the Option until date on which the exercise Optionee is recorded as the holder of his rights hereunder and such Optioned Securities on the issuance and delivery to Optionee records of a certificate or certificates evidencing such sharesthe Company.

Appears in 2 contracts

Samples: Option Agreement (Wca Waste Corp), Option Agreement (Wca Waste Corp)

Rights Prior to Exercise of Option. The Each Optionee shall not have no any rights as a shareholder stockholder with respect to any of the shares of Company stock subject Optioned Securities prior to the Option until date on which the exercise Optionee is recorded as the holder of his rights hereunder and such Optioned Securities on the issuance and delivery to Optionee records of a certificate or certificates evidencing such sharesthe Company.

Appears in 2 contracts

Samples: Option Agreement (Wca Waste Corp), Option Agreement (LoConti Joseph E.)

Rights Prior to Exercise of Option. The Optionee shall have no rights as a shareholder stockholder with respect to the shares Option Shares until payment of Company stock subject to the Option until the exercise of his rights hereunder and the issuance Purchase Price and delivery to Optionee him of a certificate or certificates evidencing such sharesStock as herein provided.

Appears in 1 contract

Samples: Stock Option Agreement (Constellation 3d Inc)

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Rights Prior to Exercise of Option. The Optionee shall have no rights as a shareholder stockholder with respect to the shares of Company stock subject Shares except to the extent he has exercised the Option, paid the Option until the exercise price for such Shares, and received delivery of his rights hereunder and the issuance and delivery to Optionee of a certificate or certificates evidencing such sharesShares as herein provided.

Appears in 1 contract

Samples: Award Agreement (Speizman Industries Inc)

Rights Prior to Exercise of Option. The Optionee shall have no rights as a shareholder stockholder with respect to the shares of Company stock Shares subject to the Option until payment of the exercise of his rights hereunder and the issuance option price and delivery to Optionee of a certificate or certificates evidencing such sharesShares as herein provided.

Appears in 1 contract

Samples: Stock Option Agreement (Deltek Systems Inc)

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