Common use of Option Confers No Rights as Stockholder Clause in Contracts

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be --------------------------------------- entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesshares of Common Stock; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares of Common Stock not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Shares subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesShares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option unless and until such shares are purchased and delivered issued upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered issued shares; and the . Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and deliveredissued.

Option Confers No Rights as Stockholder. The Optionee Employee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee Employee becomes a stockholder of record with respect to such delivered shares; and the Optionee Employee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Paired Shares subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesPaired Shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares Paired Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not --------------------------------------- be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to Neither the Optionholder nor any privileges other person has or will have any rights as a security holder of ownership the Company or any successor with respect to any shares of Common Stock or other securities which are or become subject to the Option hereunder unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee Optionholder becomes a stockholder holder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder shares of Common Stock or other securities following proper exercise of the Company with respect to any such shares not so purchased and deliveredOption.

Option Confers No Rights as Stockholder. The Optionee Employee shall not be entitled to any privileges have no rights as a stockholder of ownership the Company with respect to any shares of Stock or other equity security of the Company which is subject to the Option hereunder unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee Employee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder shares of the Company with respect to any such shares not so purchased and deliveredStock or equity security.

Option Confers No Rights as Stockholder. The Optionee holder of the Option shall not be entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option unless and until such shares are purchased and delivered upon the an exercise of the Option, in whole or in part, Option and the Optionee holder becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall --------------------------------------- not be entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesshares of Common Stock; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares of Common Stock not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Option Shares subject to the Option unless and until purchased and delivered upon the exercise of the Optionoption, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesOption Shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares Option Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges has no rights as a stockholder of ownership the Company with respect to shares any Shares of Stock stock of the Company which are subject to the Option hereunder, unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and deliveredthose Shares.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares of Common Stock not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Shares subject to the Option unless and until purchased and delivered upon the exercise of the Optionoption, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesShares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee --------------------------------------- shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until such shares are purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the . The Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Paired Shares subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.in

Option Confers No Rights as Stockholder. The Optionee shall not be --------------------------------------- entitled to any privileges of ownership with respect to shares of Stock Shares subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesShares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be --------------------------------------- entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall --------------------------------------- not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee holder of the Option shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until such shares are purchased and delivered upon the an exercise of the Option, in whole or in part, Option and the Optionee holder becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee No person shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee such person becomes a stockholder of record with respect to such delivered shares; and the Optionee no person shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Paired Shares subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesPaired Shares; and the Optionee shall not be considered a stockholder of the Company or the Corporation with respect to any such shares Paired Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the . The Optionee shall not be considered a stockholder of the Company with respect to any such shares subject to the Option not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not --------------------------------------- be entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesshares of Common Stock; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares of Common Stock not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until such shares are purchased and delivered issued upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered issued shares; and the . Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and deliveredissued.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered. Notwithstanding any provision of the Plan or this Agreement, the Optionee shall be subject to and bound by all provisions of each other agreement between the Company and the Optionee.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Paired Shares subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect O to such delivered sharesPaired Shares; and the Optionee shall not be considered a stockholder of the Company or the Corporation with respect to any such shares Paired Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Units subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesUnits; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares Units not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Paired Shares subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesPaired Shares; and the Optionee shall not be considered a stockholder of the Company or the Corporation with respect to any such shares Paired Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be --------------------------------------- be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise title or ownership of the Option, in whole or in part, and shares has been transferred to the Optionee becomes a stockholder of record with respect to such delivered shares; and under the Company’s procedures through its transfer agent. The Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and deliveredpurchased.

Option Confers No Rights as Stockholder. The Optionee Holder shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee Holder becomes a stockholder of record with respect to such delivered shares; and the Optionee Holder shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee Employee shall not be entitled to any privileges of ownership with respect to shares of Common Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee Employee becomes a stockholder of record with respect to such delivered shares; and the Optionee Employee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option Shares unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company Corporation with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until such shares are purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee . The optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Paired Shares subject to the Option unless and until purchased and delivered upon the exercise of the Optionoption, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesPaired Shares; and the Optionee shall not be considered a stockholder of the Company or the Corporation with respect to any such shares Paired Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Paired Shares subject to the Option unless and until purchased and delivered upon the exercise of the Optionoption, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesPaired Shares; and the Optionee shall not be considered a stockholder of the Company or the Corporation with respect to any such shares Paired Shares not so purchased and delivered.

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered shares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares not so purchased and delivered.the

Option Confers No Rights as Stockholder. The Optionee shall not be entitled to any privileges of ownership with respect to shares of Stock Shares subject to the Option unless and until purchased and delivered upon the exercise of the Option, in whole or in part, and the Optionee becomes a stockholder of record with respect to such delivered sharesShares; and the Optionee shall not be considered a stockholder of the Company with respect to any such shares Shares not so purchased and delivered.. 2006 Stock Option Grant