Common use of No Rights of Shareholder Clause in Contracts

No Rights of Shareholder. The Option Holder shall not, by virtue hereof, be entitled to any rights of a shareholder in the Company, either at law or in equity.

Appears in 60 contracts

Samples: Non Qualified Stock Option Agreement (Arch Capital Group Ltd.), Non Qualified Stock Option Agreement (Arch Capital Group Ltd.), Non Qualified Stock Option Agreement (Arch Capital Group Ltd.)

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No Rights of Shareholder. The Option Holder shall not, by virtue hereof, be entitled to any rights of a shareholder in the Company, either at law or in equity, until Shares are issued to the Option Holder upon exercise of the Option.

Appears in 1 contract

Samples: Director Initial Stock Option Agreement (Xl Group PLC)

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