Common use of No Rights of Stockholder Clause in Contracts

No Rights of Stockholder. The Grantee shall not have any of ------------------------------------- the rights of a stockholder with respect to the shares of Stock that may be issued upon the exercise of the Option until such shares of 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 7 contracts

Samples: Incentive Stock Option Grant Agreement (Network Access Solutions Corp), Incentive Stock Option Grant Agreement (Network Access Solutions Corp), Incentive Stock Option Grant Agreement (Network Access Solutions Corp)

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No Rights of Stockholder. The Grantee shall not have any of ------------------------------------- the rights of a stockholder with respect to the shares of Stock that may be issued upon the exercise of the Option until such shares of Stock have been issued to him upon the due exercise of the Option, subject to and in accordance with the provisions of Section 3.3. 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 6 contracts

Samples: Incentive Stock Option Grant Agreement (Regeneration Technologies Inc), Nonqualified Stock Option Grant Agreement (Regeneration Technologies Inc), Incentive Stock Option Grant Agreement (Regeneration Technologies Inc)

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No Rights of Stockholder. The Grantee shall not have any of ------------------------------------- the rights of a stockholder with respect to the shares of Stock that may be issued upon the exercise of the Option until such shares of Stock have been issued to him upon the due exercise of the Option, subject to and in accordance with the provision of Section 3.3. 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 2 contracts

Samples: Nonqualified Stock Option Grant Agreement (Regeneration Technologies Inc), Nonqualified Stock Option Grant Agreement (Regeneration Technologies Inc)

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