Common use of No Rights of a Stockholder Clause in Contracts

No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 3, such PRSU is no longer considered a PRSU for purposes of this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.)

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No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 3Sections 3 and 4, such PRSU is no longer considered a PRSU for purposes of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.)

No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 3Sections 4 and 5, such PRSU is no longer considered a PRSU for purposes of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.)

No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 34, such PRSU is no longer considered a PRSU for purposes of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.)

No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive Employee pursuant to Section 34, such PRSU is no longer considered a PRSU for purposes of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.), Employment Agreement (Sirius Xm Holdings Inc.)

No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 34, such PRSU is no longer considered a PRSU for purposes of this Agreement. 9 The “Grant Date,” as defined in the Employment Agreement. 10 Number to be determined in accordance with Section 4(b)(iii) of the Employment Agreement, which represents the target number of PRSUs.

Appears in 1 contract

Samples: Employment Agreement (Sirius Xm Holdings Inc.)

No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 3, such PRSU is no longer considered a PRSU for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Sirius Xm Holdings Inc.)

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No Rights of a Stockholder. The Executive Employee shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a For purposes of clarity, once an PRSU vests and a Share is issued to the Executive Employee pursuant to Section 3, such PRSU is no longer considered a an PRSU for purposes of this Agreement.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Agreement (Sirius Xm Holdings Inc.)

No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 34, such PRSU is no longer considered a PRSU for purposes of this Agreement. 8 The “Grant Date,” as defined in the Employment Agreement. 9 Number to be determined in accordance with Section 4(b)(iii) of the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Sirius Xm Holdings Inc.)

No Rights of a Stockholder. The Executive shall not have any rights as a stockholder of the Company with respect to any Shares until the Shares have been issued. Once a PRSU vests and a Share is issued to the Executive pursuant to Section 3Sections 3 and 4, such PRSU is no longer considered a PRSU for purposes of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Sirius Xm Holdings Inc.)

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