Common use of Privileges of Stock Ownership Clause in Contracts

Privileges of Stock Ownership. Optionee shall not be entitled to the ----------------------------- privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation'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 Corporation may be listed shall have been fully complied with.

Privileges of Stock Ownership. Optionee shall not be entitled to the ----------------------------- privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options Option unless and until, in the opinion of the STOCK OPTION AGREEMENT PAGE 4 ---------------------- Corporation'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 Corporation may be listed shall have been fully complied with.

Privileges of Stock Ownership. Optionee shall not be entitled to the ----------------------------- privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation's 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 Corporation Company may be listed shall have been fully complied with.

Privileges of Stock Ownership. Optionee shall will not be entitled to the ----------------------------- privileges of stock ownership as to any Shares shares not actually issued and delivered to Optionee. No Shares shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation's counsel, any then applicable requirements of any and laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Privileges of Stock Ownership. Optionee shall not be entitled to the ----------------------------- privileges of stock ownership as to any Shares shares not actually issued and delivered to Optionee. No Shares shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation'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 Corporation may be listed shall have been fully complied with.

Privileges of Stock Ownership. Optionee shall not be entitled to the ----------------------------- privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation's counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock Stock of the Corporation may be listed listed, shall have been fully complied with.

Privileges of Stock Ownership. No Optionee shall not be entitled to the ----------------------------- privileges of stock ownership as to any Shares not actually issued and delivered to such Optionee. No Shares shall be purchased issued upon the exercise of any Options Option unless and until, in the opinion of the Corporation's counsel, any then all applicable requirements laws, rules and regulations of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed listed, shall have been fully complied with.