Common use of No Rights as Stockholder Until Exercise Clause in Contracts

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering date of issuance of a notice of exercise and has paid in full stock certificate to the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9Optionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to before the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to Shares subject to this Agreement until registration of the Option Shares until such time as in the Optionee has exercised this option by delivering a notice Company's share register in the name of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9Optionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such the date of exercisesuch registration.

No Rights as Stockholder Until Exercise. The Optionee Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee Employee has exercised this option by delivering delivered a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no No adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until such time as a stock certificate therefor has been issued to the Optionee has exercised this option and is fully paid for by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9Optionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no No adjustment shall be made made, except adjustments for changes in capitalization pursuant to Section 13 hereof, for dividends (whether in cash, securities or other property) or distributions or other similar rights for which the record date is prior to this date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee Participant shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee Participant has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee You shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has you have exercised this option by delivering a notice of exercise and has have paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 95. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until such time as a stock certificate therefore has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee Director shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee Director has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the this Option Shares until such time as the Optionee has exercised this option Option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise4.

No Rights as Stockholder Until Exercise. The Optionee Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee Employee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain capital changes in the capitalization of the Companyand successions, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no --------------------------------------- rights as a stockholder with respect to the Option Shares shares subject to this Agreement until such time as a stock certificate therefor has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in the Plan this Agreement with respect to certain changes in the capitalization of the CompanyExcel, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering date of issuance of a notice of exercise and has paid in full stock certificate to the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9Optionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no --------------------------------------- rights as a stockholder with respect to any of the Option Shares until such time as a stock certificate therefor has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as a stock certificate has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 93. Except as is expressly provided in the Plan with With respect to certain changes in the capitalization of the CompanyCorporation, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to any of the Option Shares until such time as a stock certificate therefor has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall not have no the rights as of a stockholder shareholder with respect to the Option Shares until the date of issuance by the Company of a stock certificate for such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9shares. Except as is expressly provided in paragraph 10 of the Plan with respect to certain changes in the capitalization of the Companyand stock dividends, no adjustment shall be made for dividends or similar rights for which the record date is prior to before the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the CompanyCorporation, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have has no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until such time as a stock certificate therefor has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise10.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise7.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as a stock certificate therefor has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the CompanyCorporation, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee Option Holder shall have no rights as a stockholder with respect to Option Shares subject to this Agreement until a stock certificate therefor has been issued to the Option Holder and such Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has are fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee Option Holder shall have --------------------------------------- no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised any shares of Stock issuable upon exercise of this option by delivering until a notice of exercise stock certificate therefor has been issued to him and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in the Plan below with respect to certain changes in the capitalization of the Companystock dividends, no adjustment shall be made for dividends or similar other rights for which the record date precedes the date such stock certificate is prior to such date of exerciseissued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to any of the Option Shares until such time as a stock certificate therefore has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in Section 10 of the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee Employee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee Employee has exercised this option such Option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 98. Except as is expressly provided in the Plan with respect to certain capital changes in the capitalization of the Companyand business successions, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as a stock certificate therefor has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan for options granted thereunder with respect to certain changes in the capitalization of the CompanyCorporation, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no --------------------------------------- rights as a stockholder with respect to the Option Shares shares subject to this Agreement until such time as a stock certificate therefore has been issued to the Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9for. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until such time as a stock certificate therefor has been issued to the Optionee has exercised this option and is fully paid for by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9Optionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the this Option Shares until such time as the Optionee has exercised this option Option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 94. Except as is expressly provided in the Plan herein with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with subsection (e) of Section 93. Except as is expressly provided in Section 8 of the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee You shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has you have exercised this option Option by delivering a notice of exercise and has have paid in full the purchase price Option Price for the number of shares for which this option is to be Option Shares so exercised in accordance with Section 95 immediately above and any related federal, state, or local taxes in accordance with the Plan. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no --------------------------------------- rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering date of issuance of a notice of exercise and has paid in full stock certificate to the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9Optionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to before the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until such time as a stock certificate therefor has been issued to the Optionee has exercised this option and is fully paid for by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9Optionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no No adjustment shall be made for dividends or similar rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has exercised this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 97. Except as is expressly provided in the Plan with respect to certain capital changes in the capitalization of the Companyand business successions, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no --------------------------------------- rights as a stockholder shareholder with respect to the Option Shares until such time as the Optionee has exercised any shares covered by this option by delivering a notice of exercise and has paid in full the purchase price for the number of shares for which this option is (including, without limitation, any rights to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan receive dividends or non-cash distributions with respect to certain changes in such shares) unless and until a certificate representing such shares is duly issued and delivered to the capitalization of the Company, no Optionee. No adjustment shall be made for dividends or similar other rights for which the record date is prior to the date such date of exercisestock certificate is issued.

No Rights as Stockholder Until Exercise. The Optionee You shall have no rights as a stockholder with respect to the Option Shares until such time as the Optionee has you have exercised this option Option by delivering a notice of exercise and has have paid in full the purchase price Option Price for the number of shares for which this option is to be Option Shares so exercised in accordance with Section 95 immediately above. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercise.

No Rights as Stockholder Until Exercise. The Optionee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until such time as the a stock certificate therefor has been issued to Optionee has exercised this option by delivering a notice of exercise and has is fully paid in full the purchase price for the number of shares for which this option is to be so exercised in accordance with Section 9. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to such date of exercisefor.