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

Necessity to Become Holder of Record. Neither the Consultant nor his/her ------------------------------------ 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/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Consultant 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/she he shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Consultant Executive nor his/her ------------------------------------ his estate, as provided in paragraph 3(b), shall have any rights as a stockholder shareholder 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/she he shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Consultant Optionee nor his/her ------------------------------------ his estate, as provided in Section 3(c), shall have any rights as a stockholder shareholder 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/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Consultant Employee nor his/her ------------------------------------ estate, 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/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Consultant Employee nor his/her ------------------------------------ estate, as provided in Section 3(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/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Consultant 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/she shall become the holder of record thereof.

Necessity to Become Holder of Record. Neither the Consultant Director nor his/her ------------------------------------ estate, 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/she shall become the holder of record thereof.