Common use of Rights of Optionee Clause in Contracts

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.

Appears in 4 contracts

Samples: Stock Option Agreement (American Electromedics Corp), Stock Option Agreement (Equidyne Corp), Stock Option Agreement (Equidyne Corp)

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Rights of Optionee. The Optionee shall not have any rights to ------------------ dividends or any other the rights of a stockholder with respect to any the shares of the stock subject to this Option Shares until such Shares shall have been issued issuance of shares to him (as evidenced by the appropriate entry on the transfer books of the Company) upon purchase of such Shares upon pursuant to exercise of the Option. Furthermore, nothing contained Nothing in this Agreement shall be construed to confer upon on Optionee the Optionee any right to be continued in the employ of employment with the Company or any of its subsidiaries beyond what is called for in an Employment Agreement, if anysubsidiaries, or shall prevent the Company from terminating his employment in accordance to interfere with the Employment Agreement, if anyrights of the employer in any way.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Micro Component Technology Inc)

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