Common use of Optionee Not a Shareholder Clause in Contracts

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the this Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the this Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock Shares of the Company covered by the this Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the this Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the Option until the date of issuance of a stock certificate or stock certificates to him her upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock Shares of the Company covered by the this Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the this Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued, except as provided in Section 10 of the Stock Option Plan.

Optionee Not a Shareholder. Neither the Optionee nor any other person entitled to exercise the Option shall have no any of the rights as or privileges of a shareholder with respect to the Common Stock of the Company covered by the Option as to any shares of Company Stock until the date of issuance of a stock certificate or stock certificates to him upon exercise of the OptionOption and the issuance and delivery to him or her of a certificate evidencing the shares registered in his or her name. No adjustment will be made for dividends or other rights for as a shareholder as to which the record date is prior to the such date such stock certificate or certificates are issuedof delivery.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the such Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued, except as provided in Section 10 of the Stock Option Plan.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued, except as provided in Section 9 of the Plan.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock Shares of the Company covered by the this Option until the date of issuance of a stock certificate or stock certificates to him her upon exercise of the this Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company Option Shares covered by the Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Neither the Optionee nor any other person entitled to exercise the Option shall have no any of the rights as or privileges of a shareholder with respect to the Common Stock of the Company covered by the Option as to any Common Shares until the date of issuance of a stock certificate or stock certificates and delivery to him or her of the shares acquired upon exercise of the Option. No adjustment will be made for dividends or other rights as to a shareholder for which the a record date is prior to the such date such stock certificate or certificates are issuedof delivery.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate certificates or certificates are issued, except as provided in Section 10 of the Plan.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the this Option until the date of issuance of a stock certificate or stock certificates to him Optionee upon exercise of the this Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the such Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued, except as provided in Section 9 of the Plan.

Optionee Not a Shareholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have no any of the rights as or privileges of a shareholder of the Company with respect to the Common Stock any of the Company covered by the Option Shares until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Optionfor such Shares. No Except as set forth in Section 10 below, no adjustment will shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock certificate or certificates are is issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the such Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the such Option until the date of issuance of a stock certificate or stock certificates to him her upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Optionee shall have has no rights as a shareholder with respect to the Common Stock of the Company covered by the Option until the date of issuance of a stock certificate or stock certificates to him upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates are issued.

Optionee Not a Shareholder. Neither the Optionee nor any other person entitled to exercise the Option shall have no any of the rights as or privileges of a shareholder with respect to the Common Stock of the Company covered by the Option as to any Shares until the date of issuance of a stock certificate or stock certificates to him upon exercise of the OptionOption and the issuance and delivery to him or her of a certificate evidencing the Shares registered in his or her name, or upon request in the case of uncertificated securities, a notice of issuance, for the Shares. No adjustment will be made for dividends or other rights for as a shareholder as to which the record date is prior to the such date such stock certificate or certificates are issuedof delivery.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the Option until the date of issuance of a stock certificate or stock certificates to him Optionee upon exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate certificates or certificates are issued.

Optionee Not a Shareholder. Optionee shall have no rights as a shareholder with respect to the Common Stock of the Company covered by the this Option until the date of issuance of a stock certificate or stock certificates Shares to him upon exercise of the this Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates Shares are issued.