Common use of No Rights as a Shareholder Clause in Contracts

No Rights as a Shareholder. Optionee shall have no rights as a shareholder with respect to any Shares subject to this option until the Shares have been issued in the name of Optionee.

No Rights as a Shareholder. Optionee Neither Optionee, nor any person entitled to exercise Optionee's rights upon Optionee's death, shall have no any of the rights as of a shareholder with respect regarding the shares of Option Stock, except to any Shares subject to this option until the Shares extent that certificate(s) for shares of Common Stock shall have been issued in upon the name exercise of Optioneethe Option as provided herein.

No Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any Shares subject to this option until the Shares have been issued in Option prior to the name date of Optioneeissuance to him or her of a certificate or certificates for such Shares.

No Rights as a Shareholder. The Optionee shall have no rights whatsoever as a shareholder with in respect of any of the Optioned Shares, including any right to receive dividends or other distributions therefrom or thereon, other than in respect to any Optioned Shares subject in respect of which the Optionee shall have exercised the Option to this option until purchase hereunder and which the Shares Optionee shall have been issued in the name of Optioneeactually taken up and paid for.

No Rights as a Shareholder. The granting of Option Rights shall -------------------------- not confer upon the Optionee shall have no any rights as a shareholder with respect to any Shares subject to this option an owner of shares of Common Stock until the Shares have been issued in Optionee exercises Option Rights and the name of Company issues stock certificate(s) to the Optionee.

No Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any holder of the Option Shares subject to this option the Option until such shares shall be issued to him upon the Shares have been issued in exercise of the name of OptioneeOption.

No Rights as a Shareholder. The Optionee will have no rights whatsoever as a shareholder in respect of any of the Optioned Shares (including any right to receive dividends or other distributions therefrom or thereon) other than in respect of Optioned Shares in respect of which the Optionee shall have no rights as a shareholder with respect to any Shares subject to this option until exercised his Option and which the Shares Optionee shall have been issued in the name of Optioneeactually taken up and paid for.

No Rights as a Shareholder. The Optionee shall not have no any rights as of a shareholder with respect to any Shares the shares subject to this option the Option, until a stock certificate has been duly issued following exercise of the Shares have been issued in the name of OptioneeOption as provided herein.

No Rights as a Shareholder. The granting of Option Rights shall not confer upon the Optionee shall have no any rights as a shareholder with respect to any an owner of Common Shares subject to this option until the Shares have been issued in Optionee exercises Option Rights and the name of Company issues stock certificate(s) to the Optionee.

No Rights as a Shareholder. Optionee shall not by virtue of this Agreement, have no any rights as a shareholder with respect to any Shares subject to this option until the date of the issuance to the Optionee of Shares have been issued in the name of Optioneepursuant to a valid Exercise Notice.

No Rights as a Shareholder. The Optionee shall have no rights as a --------------------------- shareholder with respect to any Shares subject shares of Common Stock which may be purchased by exercise of this Option (including, without limitation, any rights to this option receive dividends or non-cash distributions with respect to such shares) unless and until the Shares have been Stock Certificate representing such shares is duly issued in and delivered to the name of Optionee.

No Rights as a Shareholder. Optionee shall have no rights as a shareholder with respect to of any Shares subject to covered by this option Option until the Shares have date that this Option has been issued in the name of Optioneeproperly exercised to purchase Shares.

No Rights as a Shareholder. Optionee shall have no rights as a shareholder with respect to any Shares subject to this option shares covered by the Option until the Shares have been issued in date of the name issuance of Optioneea stock certificate therefor following due and proper exercise of such Option.

No Rights as a Shareholder. The Optionee shall have no none of the rights as of a shareholder Shareholder with respect to any Shares Common Stock subject to this option the Option until such Shares shall be issued to him upon the Shares have been issued in exercise of the name of OptioneeOption.

No Rights as a Shareholder. Optionee shall have no rights as a shareholder with respect to any Shares subject to this option until the Shares unless and until certificates evidencing the Shares shall have been issued in the name of to Optionee.

No Rights as a Shareholder. The Optionee shall have no rights --------- -------------------------- as a shareholder with respect to any Shares shares which are subject to this option Option until the Shares have been issued in Optionee has satisfied all legal and contractual obligations which are conditions precedent to the name of OptioneeCompany's obligation to issue and deliver a certificate to the Optionee for the shares which are subject to this Option.

No Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to any Shares subject to this option shares covered by an Option until the Shares have been issued in Optionee becomes a record holder of such shares, irrespective of whether the name Optionee has given notice of Optioneeexercise.

No Rights as a Shareholder. Optionee shall not have no any of the rights as -------------------------- of a shareholder with respect to any the Option Shares subject except to the extent the certificates for the Option Shares, or a portion thereof, shall have issued upon the exercise of this option until the Shares have been issued in the name of Optioneeoption.

No Rights as a Shareholder. The Optionee shall have no none of the rights as of a shareholder of the Company with respect to any Shares subject until such Shares are issued to this option until him upon the Shares have been issued in exercise of the name of OptioneeOption.

No Rights as a Shareholder. The Optionee shall have no none of the rights as of a shareholder with respect to any Shares subject to this option the Option until such Shares shall be issued to him upon the Shares have been issued in exercise of the name of OptioneeOption.

No Rights as a Shareholder. The Optionee will have no rights whatsoever as a shareholder in respect of any of the Optioned Shares (including any right to receive dividends or other distributions therefrom or thereon) other than in respect of Optioned Shares in respect of which the Optionee shall have no rights as a shareholder with respect to any Shares subject to this option until exercised his Option and which the Shares Optionee shall have been issued in the name of Optionee.actually taken up and paid for. _

No Rights as a Shareholder. An Optionee shall have no not be entitled to exercise any rights as a shareholder with respect to any of the Option Shares subject to this option until the Shares have been issued he or she exercises his or her Option as provided in the name of OptioneeArticle 7.