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

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate to the Employee. 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 before the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no --------------------------------------- rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate to the EmployeeOptionee. 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 before the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeEmployee and is fully paid for. 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the Employee and is fully paid for by the Employee. 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. Except as is expressly provided in the Plan this Agreement 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance Company has authorized delivery of a stock certificate therefor to the EmployeeEmployee and such Shares are fully paid for. 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate to the Employee. 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no rights as a stockholder with respect to the Option Shares until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for in accordance with Section 7. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the CompanyCorporation, no adjustment shall be made for dividends or similar rights for which the record date is before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee Optionee shall not have no the rights as of a stockholder shareholder with respect to the Option Shares option shares covered by such option until the date of issuance by the Company of a stock certificate to the Employeefor such shares. Except as is expressly provided in paragraph 10 of the Plan with respect to certain changes in the capitalization and stock dividends of the Companydividends, no adjustment shall be made for dividends or similar rights for which the record date is before the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee holder of an option shall not have no the rights as of a stockholder shareholder with respect to the Option Shares shares covered by such option until the date of issuance of a stock certificate to the Employeesuch holder for such shares. Except as is expressly provided in paragraph 12 of the Plan with respect to certain changes in the capitalization and stock dividends of the Companydividends, no adjustment shall be made for dividends or similar rights for which the record date is before the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee Optionee shall have no not rights as a stockholder with respect to the Option Shares shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the EmployeeOptionee and is fully paid for. 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee shall have --------------------------------------- no rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the Employee and is fully paid for by the Employee. 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 before prior to the date such stock certificate is issued.

No Rights as Stockholder Until Exercise. The Employee shall have no --------------------------------------- rights as a stockholder with respect to the Option Shares subject to this Agreement until the date of issuance of a stock certificate therefor has been issued to the Employee and is fully paid for by the Employee. 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 before prior to the date such stock certificate is issued.