Common use of Participant Acknowledgments Clause in Contracts

Participant Acknowledgments. By executing this Award Agreement, the Participant acknowledges and agrees as follows: (a) The Participant and his or her transferees have no rights as a shareholder with respect to any Shares covered by this Award Agreement until the date of the issuance of a stock certificate for such Shares. (b) The Company is not providing the Participant with advice, warranties or representations regarding any of the legal or tax effects to the Participant with respect to this Award Agreement or the Fair Market Value of the Common Stock.

Appears in 4 contracts

Samples: Employment Agreement (1st Pacific Bancorp), Employment Agreement (1st Pacific Bancorp), Employment Agreement (1st Pacific Bancorp)

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