Common use of Limitation of Optionee's Rights Clause in Contracts

Limitation of Optionee's Rights. Except as otherwise provided in Section 6 above, Optionee shall not have any of the rights or privileges of a shareholder of the Company in respect of any Option Shares issuable upon exercise of this Option unless and until those shares have been paid for in full and upon such payment in full Optionee shall be deemed to be the record holder.

Appears in 10 contracts

Samples: Stock Option Agreement (Biocoral Inc), Stock Option Agreement (Biocoral Inc), Stock Option Agreement (Biocoral Inc)

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Limitation of Optionee's Rights. Except as otherwise provided in Section 6 above6, Optionee shall not have any of the rights or privileges of a shareholder of the Company in respect of any Option Shares issuable upon exercise of this Option unless and until those shares have been paid for in full and upon such payment in full Optionee shall be deemed to be the record holderOptionee.

Appears in 6 contracts

Samples: Stock Option Agreement (Lyndoch Estate Wines, Inc.), Stock Option Agreement (Friday Night Entertainment Corp), Stock Option Agreement (Fit for Business International Inc)

Limitation of Optionee's Rights. Except as otherwise provided in Section 6 abovebelow, Optionee shall not have any of the rights or privileges of a shareholder of the Company in respect of any Option Shares issuable upon exercise of this Option unless and until those shares have been paid for in full and upon such payment in full Optionee shall be deemed to be the record holderOptionee.

Appears in 4 contracts

Samples: Exchange Agreement (Fit for Business International Inc), Exchange Agreement (Friday Night Entertainment Corp), Offer to Purchase (Friday Night Entertainment Corp)

Limitation of Optionee's Rights. Except as otherwise provided in Section 6 above, Optionee shall not have any of the rights or privileges of a shareholder of the Company in respect of any Option Shares issuable upon exercise of this Option unless and until those shares have been paid for in full and upon such payment in full Optionee shall be deemed to be the record holder.

Appears in 1 contract

Samples: Stock Option Agreement (Biocoral Inc)

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Limitation of Optionee's Rights. Except as otherwise provided in Section 6 above, neither Optionee shall not have any of the rights or privileges of a shareholder of the Company in respect of any Option Shares issuable upon exercise of this Option unless and until those shares have been paid for in full and upon such payment in full such Optionee shall be deemed to be the record holder.

Appears in 1 contract

Samples: Stock Option Agreement (Biocoral Inc)

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