Common use of NO RIGHTS AS SHAREHOLDER PRIOR TO EXERCISE Clause in Contracts

NO RIGHTS AS SHAREHOLDER PRIOR TO EXERCISE. The Employee shall not, by virtue hereof, be entitled to any rights of a shareholder in the Corporation, either at law or equity. Prior to exercise, the rights of the Employee are limited to those expressed in this Option and are not enforceable against the Corporation except to the extent set forth herein.

Appears in 6 contracts

Samples: Stock Option Agreement (Celtic Investment Inc), Stock Option Agreement (Celtic Investment Inc), Stock Option Agreement (Celtic Investment Inc)

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NO RIGHTS AS SHAREHOLDER PRIOR TO EXERCISE. The Employee shall not, by virtue hereof, be entitled to any rights of a shareholder in the Corporation, either at law or equity. Prior to exercise, the The rights of the Employee are limited to those expressed in this Option and are not enforceable against the Corporation except to the extent set forth herein.

Appears in 3 contracts

Samples: Stock Option Agreement (Celtic Investment Inc), Stock Option Agreement (Celtic Investment Inc), Stock Option Agreement (Celtic Investment Inc)

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NO RIGHTS AS SHAREHOLDER PRIOR TO EXERCISE. The Employee Executive shall not, by virtue hereof, be entitled to any rights of a shareholder in the Corporation, either at law or equity. Prior to exercise, the The rights of the Employee Executive are limited to those expressed in this Option and are not enforceable against the Corporation except to the extent set forth herein.

Appears in 2 contracts

Samples: Interwest Home Medical Stock Option Agreement (Interwest Home Medical Inc), Interwest Home Medical Stock Option Agreement (Interwest Home Medical Inc)

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