Common use of Delivery of Certificate Clause in Contracts

Delivery of Certificate. Promptly after receipt of written notice of exercise of the ISO, the Company shall, without stock issue or transfer taxes to the Optionee or other person entitled to exercise, deliver to the Optionee or other person a certificate or certificates for the requisite number of ISO Shares. An Optionee or transferee of an Optionee shall not have any privileges as a shareholder with respect to any ISO Shares covered by the option until the date of issuance of a stock certificate.

Delivery of Certificate. Promptly after receipt of written notice of exercise of the ISO, the Company shall, without stock issue or transfer taxes to the Optionee or other person entitled to exercise, deliver to the Optionee or other person a certificate or certificates for the requisite number of ISO SharesShares or shall register the Optionee as a stockholder on the books of the Company. An Optionee or transferee of an Optionee shall not have any privileges as a shareholder stockholder with respect to any ISO Shares covered by the option until the date of issuance of a stock certificatecertificate or, if applicable, such registration.

Delivery of Certificate. Promptly after receipt of written notice of exercise of the ISO, the Company shall, without stock issue share or transfer taxes to the Optionee or other person entitled to exercise, deliver to the Optionee or other person a certificate or certificates for the requisite number of ISO SharesShares or shall register the Optionee as a shareholder on the books of the Company. An Optionee or transferee of an Optionee shall not have any privileges as a shareholder with respect to any ISO Shares covered by the option until the date of issuance of a stock certificateshare certificate or, if applicable, such registration.

Delivery of Certificate. Promptly after receipt of written notice of exercise of the ISO, the Company shall, without stock issue or transfer taxes to the Optionee or other person entitled to exercise, deliver to the Optionee or other person a certificate or certificates for the requisite number of ISO Shares. An Optionee or transferee of an Optionee shall not have any privileges as a shareholder stockholder with respect to any ISO Shares covered by the option until the date of issuance of a stock certificate.

Delivery of Certificate. Promptly after receipt of written notice of exercise of the ISO, the Company shall, without stock issue or transfer taxes to the Optionee or other person entitled to exercise, deliver to the Optionee or other person a certificate or certificates for the requisite number of ISO SharesShares or shall register the Optionee as a stockholder on the books of the Company. An Optionee or transferee of an Optionee shall not have any privileges as a shareholder stockholder with respect to any ISO Shares covered by the option ISO until the date of issuance of a stock certificatecertificate or, if applicable, such registration.

Delivery of Certificate. Promptly after receipt of written notice of exercise of the ISO, the Company shall, without stock issue or transfer taxes to the Optionee or other person entitled to exercise, deliver to the Optionee or other person a certificate or certificates for the requisite number of ISO SharesShares or shall register the Optionee as a shareholder on the books of the Company. An Optionee or transferee of an Optionee shall not have any privileges as a shareholder with respect to any ISO Shares covered by the option until the date of issuance of a stock certificatecertificate or, if applicable, such registration.