Common use of Necessity to Become Holder of Record Clause in Contracts

Necessity to Become Holder of Record. Neither Optionee nor his/her estate, as provided in Section 4(c), shall have any rights as a stockholder with respect to any shares covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, in respect of such shares for which the record date is prior to the date on which he shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither Optionee Employee nor his/her ------------------------------------ estate, as provided in Section 4(c3(c), shall have any rights as a stockholder with respect to any shares covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, in respect of such shares for which the record date is prior to the date on which he he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither Optionee the Consultant nor his/her ------------------------------------ estate, as provided in Section 4(c), shall have any rights as a stockholder with respect to any shares covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, in respect of such shares for which the record date is prior to the date on which he he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither Optionee the Employee nor ------------------------------------ his/her estate, as provided in Section 4(c), shall have any rights as a stockholder with respect to any shares covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, in respect of such shares for which the record date is prior to the date on which he he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither Optionee the Director nor his/her estate, as provided in Section 4(c), estate shall have any rights as a stockholder with respect to any shares covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, in respect of such shares for which the record date is prior to the date on which he he/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither Optionee the Employee nor his/her estate, as provided in Section 4(c), estate shall have any rights as a stockholder with respect to any shares covered by the Options until such person shall have become the holder of record of such shares. No adjustment shall be made for cash dividends or cash distributions, ordinary or extraordinary, in respect of such shares for which the record date is prior to the date on which he he/she shall become the holder of record thereof.