Common use of No Rights of Shareholder Clause in Contracts

No Rights of Shareholder. Grantee shall not have any of the rights of a shareholder with respect to the shares of Common Stock that may be issued upon the exercise of the Option until such shares of Common Stock have been issued to him upon the due exercise of the Option.

Appears in 4 contracts

Samples: Performance Stock Option Grant Agreement (Powerize Com Inc), Performance Stock Option Grant Agreement (Powerize Com Inc), Performance Stock Option Grant Agreement (Powerize Com Inc)

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No Rights of Shareholder. Grantee shall not have any of the rights of a shareholder with respect to the shares of Common Stock common stock that may be issued transferred upon the exercise of the Option until such shares of Common Stock common stock have been issued transferred to him upon the due exercise of the Option.

Appears in 3 contracts

Samples: Shareholders' Agreement (Powerize Com Inc), Shareholders' Agreement (Powerize Com Inc), Shareholders' Agreement (Powerize Com Inc)

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No Rights of Shareholder. Grantee shall not have any of the rights of a shareholder with respect to the shares of Common Stock that may be issued upon the exercise of the Option until such shares of Common Stock have been issued to him upon the due exercise of the Option. No adjustment shall be made for dividends or distributions or other rights for which the record date is prior to the date such certificate or certificates are issued.

Appears in 1 contract

Samples: 1998 Stock Incentive Plan (Powerize Com Inc)

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