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

Option Confers No Rights as Stockholder. The Employee shall have no rights as a stockholder of 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 the Employee becomes a stockholder of record with respect to such shares of Stock or equity security.

Option Confers No Rights as Stockholder. The Employee shall have Optionee has no rights as a stockholder of the Company with respect to any shares Shares of Stock or other equity security stock of the Company which is are subject to the Option hereunder hereunder, unless and until the Employee Optionee becomes a stockholder of record with respect to such shares of Stock or equity securitythose Shares.

Option Confers No Rights as Stockholder. The Employee Director shall have no rights as a stockholder of 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 the Employee Director becomes a stockholder of record with respect to such shares of Stock or equity security.

Option Confers No Rights as Stockholder. The Employee shall have no rights as a stockholder not be entitled to any privileges of the Company ownership with respect to any shares of Common 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 Employee becomes a stockholder of record with respect to such delivered shares; and the Employee shall not be considered a stockholder of the Company with respect to any such shares of Stock or equity securitynot so purchased and delivered.