Common use of No Special Rights Clause in Contracts

No Special Rights. The Grantee shall have no rights as a stockholder of the Company with respect to any Option Shares unless and until a certificate representing such Option Shares is duly issued and delivered to the Grantee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such certificate is issued. Nothing herein or in the Plan shall be deemed to confer on the Grantee any right to continued employment with the Company or limit in any way the right of the Company to terminate such employment at any time.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Emmaus Life Sciences, Inc.), Non Qualified Stock Option Agreement (Emmaus Life Sciences, Inc.), Incentive Stock Option Agreement (Emmaus Life Sciences, Inc.)

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No Special Rights. The Grantee shall have no rights as a stockholder of the Company with respect to any Option Shares unless and until a certificate representing such Option Shares is duly issued and delivered to the GranteeGrantee . No adjustment shall be made for dividends or other rights for which the record date is prior to the date such certificate is issued. Nothing herein or in the Plan shall be deemed to confer on the Grantee any right to continued employment with the Company or limit in any way the right of the Company to terminate such employment at any time.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (Alzamend Neuro, Inc.), Incentive Stock Option Agreement (Alzamend Neuro, Inc.), Non Qualified Stock Option Agreement (Emmaus Holdings, Inc.)

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