Common use of Associated Stock Rights Clause in Contracts

Associated Stock Rights. Neither Grantee nor any other person entitled to exercise the Options shall have any of the rights or privileges of a stockholder of the Company as to any Shares subject to the Options until the issuance and delivery to him or such other person of a certificate (or book entry in lieu thereof) evidencing the Shares registered in his or such other person’s name. No adjustments will be made for dividends or any other rights to the stockholder as to which the record date is prior to such date of delivery, except as otherwise provided under the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Ballantyne Strong, Inc.), Stock Option Agreement (Ballantyne Strong, Inc.)

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Associated Stock Rights. Neither Grantee nor any other person entitled to exercise the Options shall have any of the rights or privileges of a stockholder of the Company as to any Shares subject to the Options until the issuance and delivery to him Grantee or such other person of a certificate (or book entry in lieu thereof) evidencing the Shares registered in his Grantee’s or such other person’s name. No adjustments will be made for dividends or any other rights to the stockholder as to which the record date is prior to such date of delivery, except as otherwise provided under the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Ballantyne Strong, Inc.)

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Associated Stock Rights. Neither Grantee nor any other person entitled to exercise the Options shall have any of the rights or privileges of a stockholder of the Company as to any Shares subject to the Options until the issuance and delivery to him or such other person of a certificate (or book entry in lieu thereof) evidencing the Shares registered in his or such other person’s name. No adjustments will be made for dividends or any other rights to the stockholder as to which the record date is prior to such date of delivery, except as otherwise provided under the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Ballantyne Strong, Inc.)

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