No Rights or Liabilities as Shareholder. The Optionee shall have no rights or any obligations or liabilities as a shareholder of the Bank with respect to any shares which may be purchased upon exercise of this Option unless and until a certificate representing such shares is duly issued and delivered to the Optionee.
Appears in 3 contracts
Samples: Management Incentive Stock Option Agreement (Smartfinancial Inc.), Employee Incentive Stock Option Agreement (Commerce Union Bancshares, Inc.), Management Incentive Stock Option Agreement (Commerce Union Bancshares, Inc.)
No Rights or Liabilities as Shareholder. The Optionee shall have no rights or any obligations or liabilities as a shareholder of the Bank Company with respect to any shares which may be purchased upon exercise of this the Option unless and until a certificate representing such shares is are duly issued and delivered to the Optionee.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Commerce Union Bancshares, Inc.), Incentive Stock Option Agreement (Commerce Union Bancshares, Inc.)
No Rights or Liabilities as Shareholder. The Optionee shall have no rights or any obligations or liabilities as a shareholder of the Bank Company with respect to any shares which may be purchased upon exercise of this Option unless and until a certificate representing such shares is duly issued and delivered to the Optionee.
Appears in 1 contract
Samples: Organizers Stock Option Agreement (Commerce Union Bancshares, Inc.)
