Common use of No Rights of Shareholders Clause in Contracts

No Rights of Shareholders. Neither the Participant nor any personal representative shall be, or shall have any of the rights and privileges of, a shareholder of the Company with respect to any shares of Stock purchasable or issuable upon the exercise of the Option, in whole or in part, prior to the date of exercise of the Option.

Appears in 7 contracts

Samples: Stock Option Agreement (Southland Corp), Nonqualified Stock Option Agreement (7 Eleven Inc), Nonqualified Stock Option Agreement (7 Eleven Inc)

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No Rights of Shareholders. Neither the Participant Optionee nor any personal representative shall be, or shall have any of the rights and privileges of, of a shareholder of the Company with respect to any shares of Stock Shares purchasable or issuable upon the exercise of the this Option, in whole or in part, prior to the date of exercise of the Option.

Appears in 1 contract

Samples: Separation of Employment Agreement (DBT Online Inc)

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