Common use of Acknowledgments of Optionee Clause in Contracts

Acknowledgments of Optionee. Optionee acknowledges and agrees that Optionee and his or her transferees shall have no rights as a shareholder with respect to any Option Shares until the date of the issuance of a stock certificate (or such other means of issuance of the Option Shares as provided by the Company in accordance with the terms of the Plan) evidencing such Option Shares. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 13 of the Plan.

Acknowledgments of Optionee. Optionee acknowledges and agrees that that: (A) Optionee and his or her transferees shall have no rights as a shareholder with respect to any Option Shares until the date of the issuance of a stock certificate (or such other means of issuance of the Option Shares as provided by the Company in accordance with the terms of the Plan) evidencing such Option Shares. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 13 of the Plan.

Acknowledgments of Optionee. Optionee acknowledges and agrees that Optionee and his or her transferees shall have no rights as a shareholder with respect to any Option Shares until the date of the issuance of a stock certificate (or such other means of issuance of the Option Shares as provided by the Company in accordance with the terms of the Plan) evidencing such Option Shares. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate is issued, except as provided in Section 13 of the Plan.