Common use of Optionee Not a Stockholder Clause in Contracts

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder of the Company as to any shares of Common Stock not actually issued and delivered to him. No adjustment will be made for dividends or other rights for which the record date is prior to the date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepted.

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder of the Company as to any shares of Common Stock not actually issued and delivered to him. No adjustment will be made for dividends or other rights for which the record date is prior to the date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepted.

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder stockholder of the Company Corporation as to any shares of Common Stock not actually issued until the issuance and delivered delivery to himhim 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 stockholder as to which the record date is prior to the such date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepteddelivery.

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder stockholder of the Company as to any shares of Common Stock not actually issued until the issuance and delivered delivery to himhim or her of a certificate evidencing the shares registered in his or her name. No adjustment will be made for dividends or other rights as to a stockholder for which the a record date is prior to the such date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepteddelivery.

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder stockholder of the Company as to any shares of Common Stock not actually issued until the issuance and delivered delivery to himhim or her of the shares acquired upon exercise of the Option. No adjustment will be made for dividends or other rights as to a stockholder for which the a record date is prior to the such date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepteddelivery.

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder stockholder of the Company as to any shares Shares of Common Stock not actually issued until the issuance and delivered delivery to himhim 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 stockholder as to which the record date is prior to the such date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepteddelivery.

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder of the Company as to any shares of Common Stock not actually issued and delivered to himCompany. No adjustment will be made for dividends or other rights for which the record date is prior to the date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepted.

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder stockholder of the Company as to any shares of Common Stock not actually issued until the issuance and delivered delivery to himhim or her of a certificate evidencing the shares registered in his or her name. No adjustment will be made for dividends or other rights as to a stockholder for which the a record date is prior to the such date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepteddelivery.

Optionee Not a Stockholder. Neither the Optionee nor any other -------------------------- person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder of the Company as to any shares of Common Stock not actually issued and delivered to him. No adjustment will be made for dividends or other rights for which the record date is prior to the date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepted.

Optionee Not a Stockholder. Neither the Optionee nor any other person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder stockholder of the Company as to any shares of Common Stock not actually issued and delivered to himhim or her. No adjustment will be made for dividends or other rights for which the record date is prior to the date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepted.

Optionee Not a Stockholder. Neither the Optionee nor any other -------------------------- person -------------------------- entitled to exercise the Option shall have any of the rights or privileges of a shareholder stockholder of the Company as to any shares of Common Stock not actually issued until the issuance and delivered delivery to himhim or her of a certificate evidencing the shares registered in his or her name. No adjustment will be made for dividends or other rights as to a stockholder for which the a record date is prior to the such date on which such stock certificate or certificates are issued even if such record date is subsequent to the date upon which notice of exercise was delivered and the tender of payment was accepteddelivery.