Common use of Consequences of Non-Delivery Clause in Contracts

Consequences of Non-Delivery. After the time at which the Offered Shares are required to be delivered to the Company for transfer to the Company pursuant to subsection (b) above, the Company shall not pay any dividend to the Participant on account of such Offered Shares or permit the Participant to exercise any of the privileges or rights of a stockholder with respect to such Offered Shares, but shall, insofar as permitted by law, treat the Company as the owner of such Offered Shares.

Appears in 135 contracts

Samples: Employment Agreement, Nonstatutory Stock Option Agreement (Magenta Therapeutics, Inc.), Incentive Stock Option Agreement (Magenta Therapeutics, Inc.)

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Consequences of Non-Delivery. After the time at which the Offered Shares are required to be delivered to the Company for transfer to the Company pursuant to subsection (b) above, the Company shall not pay any dividend to the Participant on account of such Offered Shares or permit the Participant to exercise any of the privileges or rights of a stockholder with respect to such Offered Shares, but shall, insofar in so far as permitted by law, treat the Company as the owner of such Offered Shares.

Appears in 18 contracts

Samples: Incentive Stock Option Agreement (TransMedics Group, Inc.), Agreement and Plan of Merger (Communicate Com Inc), Incentive Stock (Intercept Pharmaceuticals Inc)

Consequences of Non-Delivery. After the time at which the Offered Shares are required to be delivered to the Company for transfer to the Company pursuant to subsection (bSection 4(b) above, the Company shall not pay any dividend to the Participant on account of such Offered Shares or permit the Participant to exercise any of the privileges or rights of a stockholder with respect to such Offered Shares, but shall, insofar in so far as permitted by law, treat the Company as the owner of such Offered Shares.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Mersana Therapeutics, Inc.), Nonstatutory Stock Option Agreement (Mersana Therapeutics, Inc.), Nonstatutory Stock Option Agreement (Mersana Therapeutics, Inc.)

Consequences of Non-Delivery. After the time at which the Offered ------------------------------ Shares are required to be delivered to the Company for transfer to the Company pursuant to subsection (b) above, the Company shall not pay any dividend to the Participant on account of such Offered Shares or permit the Participant to exercise any of the privileges or rights of a stockholder with respect to such Offered Shares, but shall, insofar in so far as permitted by law, treat the Company as the owner of such Offered Shares.

Appears in 4 contracts

Samples: Stronghold Technologies Inc, Stronghold Technologies Inc, Stronghold Technologies Inc

Consequences of Non-Delivery. After the time at which the Offered Shares are required to be delivered to the Company for transfer to the Company pursuant to subsection (bSection 4(b) above, the Company shall not pay any dividend to the Participant on account of such Offered Shares or permit the Participant to exercise any of the privileges or rights of a stockholder shareholder with respect to such Offered Shares, but shall, insofar in so far as permitted by law, treat the Company as the owner of such Offered Shares.

Appears in 3 contracts

Samples: Stealth Biotherapeutics Corp (Stealth BioTherapeutics Corp), Stealth Biotherapeutics Corp (Stealth BioTherapeutics Corp), Stealth Biotherapeutics Corp (Stealth BioTherapeutics Corp)

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Consequences of Non-Delivery. After the time at which the Offered Shares are required to be delivered to the Company for transfer to the Company pursuant to subsection (b) above, the Company shall not pay any dividend to the Participant Optionee on account of such Offered Shares or permit the Participant Optionee to exercise any of the privileges or rights of a stockholder with respect to such Offered Shares, but shall, insofar in so far as permitted by law, treat the Company as the owner of such Offered Shares.

Appears in 1 contract

Samples: Stock Option Agreement (Sino Clean Energy Inc)

Consequences of Non-Delivery. After the time at which the Offered Shares are required to be delivered to the Company for transfer to the Company pursuant to subsection (bSection 4(b) above, the Company shall not pay any dividend to the Participant on account of such Offered Shares or permit the Participant to exercise any of the privileges or rights of a stockholder with respect to such Offered Shares, but shall, insofar as permitted by law, treat the Company as the owner of such Offered Shares.

Appears in 1 contract

Samples: Stock Option Agreement (ARCA Biopharma, Inc.)

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