Common use of No Rights of Shareholders Clause in Contracts

No Rights of Shareholders. Neither Optionee, Optionee’s legal representative nor a permissible assignee of this Option shall have any of the rights and privileges of a shareholder of the Company with respect to the Shares, unless and until such Shares have been issued in the name of Optionee, Optionee’s legal representative or permissible assignee, as applicable.

Appears in 11 contracts

Samples: Qualified Stock Option Inducement Award Agreement, Non–incentive Stock Option Agreement, Non–qualified Stock Option Inducement Award Agreement (AxoGen, Inc.)

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No Rights of Shareholders. Neither OptioneeEmployee, OptioneeEmployee’s legal representative nor a permissible assignee of this Option shall be, or have any of the rights and privileges of of, a shareholder of the Company with respect to the SharesShares issuable upon the exercise of this Option, in whole or in part, unless and until such Shares have been issued in the name of OptioneeEmployee, OptioneeEmployee’s legal representative or permissible assignee, as applicable.

Appears in 2 contracts

Samples: Non Incentive Stock Option Agreement (Rochester Medical Corporation), Incentive Stock Option Agreement (Rochester Medical Corporation)

No Rights of Shareholders. Neither Optionee, Optionee’s legal representative nor a permissible assignee of this Option shall have any of the rights and privileges of a shareholder of the Company with respect to the Shares, unless and until such Shares have been issued in the name of the Optionee, Optionee’s legal representative or permissible assignee, as applicable.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Ats Medical Inc), Non Qualified Stock Option Agreement (Ats Medical Inc)

No Rights of Shareholders. Neither OptioneeParticipant, OptioneeParticipant’s legal representative nor a permissible assignee of this Option shall be, or have any of the rights and privileges of of, a shareholder of the Company with respect to the SharesShares issuable upon the exercise of this Option, in whole or in part, unless and until such Shares have been issued in the name of OptioneeParticipant, OptioneeParticipant’s legal representative or permissible assignee, as applicable.

Appears in 1 contract

Samples: Non Incentive Stock Option Agreement (Rochester Medical Corporation)

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No Rights of Shareholders. Neither Optioneethe Optionee nor any personal representative (or beneficiary) shall be, Optionee’s legal representative nor a permissible assignee of this Option or shall have any of the rights and privileges of of, a shareholder of the Company with respect to any shares of Stock purchasable or issuable upon the Sharesexercise of the Option, unless and until such Shares have been issued in whole or in part, prior to the name date of Optionee, Optionee’s legal representative or permissible assignee, as applicableexercise of the Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Perry Ellis International Inc)

No Rights of Shareholders. Neither Optionee, Optionee’s legal representative nor a permissible assignee of this Option shall have any of the rights and privileges of a shareholder of the Company with respect to the Shares, unless and until such Shares have been issued in the name of Optionee, Optionee’s legal representative or permissible assignee, as applicable, without restrictions thereto. No dividend shall be paid on any Option award.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (NovaBay Pharmaceuticals, Inc.)

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