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

Rights Prior to Exercise of Option. This option is non-transferable by Optionee, except in the event of Optionee’s death as provided in Section 4(c) above, and during Optionee’s lifetime is exercisable only by Optionee. Optionee shall have no rights as a stockholder with respect to the option shares until payment of the option price and delivery to Optionee of such shares as herein provided.

Rights Prior to Exercise of Option. This option is non-may be transferable by Optionee, upon the mutual agreement of the parties except in the event of Optionee’s 's death as provided in Section 4(cparagraph 4(b) above, and during whereby Optionee’s lifetime is exercisable only by Optionee's executors or administrators may transfer the option upon mutual agreement of the parties. Optionee shall have no rights as a stockholder with respect to the option shares until payment of the option price and delivery to Optionee him of such shares as herein provided.

Rights Prior to Exercise of Option. This option The Option is non-not transferable by ---------------------------------- Optionee, except in the event of the Optionee’s 's death as provided in Section 4(c) aboveherein, and during Optionee’s 's lifetime is shall be exercisable only by Optionee. Optionee The Option shall have confer no rights of the Optionee to act as a stockholder shareholder with respect to any of the option shares Option Shares until payment of the option price and delivery to Optionee of such shares as herein provideda share certificate has been made.

Rights Prior to Exercise of Option. This option is non-transferable nontransferable by Optionee, except in the event of Optionee’s death as provided in Section 4(cParagraph 4(b) aboveas hereinabove stated and, and during Optionee’s lifetime lifetime, is exercisable only by Optionee. Optionee shall have no rights as a stockholder with respect to the option shares until payment of the option price in full and delivery to Optionee of such shares as herein provided. No adjustment shall be made with respect to such shares for which the record date is prior to the date such shares are issued to Optionee.

Rights Prior to Exercise of Option. This option is non-transferable by Optionee, except in the event of Optionee’s 's death as provided in Section 4(c4(b) above, and during Optionee’s 's lifetime is exercisable only by Optionee. Optionee shall have no rights as a stockholder with respect to the option shares until payment of the option price and delivery to Optionee of such shares as herein provided.

Rights Prior to Exercise of Option. This option The Option is non-not ---------------------------------- transferable by Optionee, except in the event of the Optionee’s 's death as provided in Section 4(c) aboveherein, and during Optionee’s 's lifetime is shall be exercisable only by Optionee. Optionee The Option shall have confer no rights of the Optionee to act as a stockholder shareholder with respect to any of the option shares Option Shares until payment of the option price and delivery to Optionee of such shares as herein provideda share certificate has been made.

Rights Prior to Exercise of Option. This option is non-transferable nontransferable by Optionee, except in the event of Optionee’s 's death as provided in Section 4(cParagraph 4(b) aboveas hereinabove stated and, and during Optionee’s lifetime 's lifetime, is exercisable only by Optionee. Optionee shall have no rights as a stockholder with respect to the option shares until payment of the option price in full and delivery to Optionee of such shares as herein provided. No adjustment shall be made with respect to such shares for which the record date is prior to the date such shares are issued to Optionee.