Common use of No Stockholders Rights Clause in Contracts

No Stockholders Rights. Except as otherwise provided herein, a Participant shall have none of the rights of a stockholder with respect to Shares covered by any Award, including the right to vote or receive dividends, until the Participant becomes the record owner of such Shares, notwithstanding the exercise of an Option or other Award.

Appears in 2 contracts

Samples: Business Combination Agreement (Proptech Investment Corp. Ii), 2021 Omnibus Stock and Incentive Plan (First Financial Bankshares Inc)

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No Stockholders Rights. Except as otherwise provided hereinherein or in an applicable Program or Award Agreement, a Participant shall have none of the rights of a stockholder with respect to Shares covered by any Award, including the right to vote or receive dividends, Award until the Participant becomes the record owner of such Shares, notwithstanding the exercise of an Option or other Award.

Appears in 1 contract

Samples: Incentive Award Plan (Sunstone Hotel Investors, Inc.)

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No Stockholders Rights. Except as otherwise provided herein, a Participant shall have none of the rights of a stockholder with respect to Shares shares of Stock covered by any Award, including the right to vote or receive dividends, Award until the Participant becomes the record or beneficial owner of such Shares, notwithstanding the exercise shares of an Option or other AwardStock.

Appears in 1 contract

Samples: Incentive Compensation Plan (Houlihan Lokey, Inc.)

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