Common use of Privilege of Share Ownership Clause in Contracts

Privilege of Share Ownership. The holder of this option will not have any rights of a shareholder with respect to the Optioned Shares until such individual has exercised the option, paid the Exercise Price and been issued a certificate for the purchased shares.

Appears in 7 contracts

Samples: Non Qualified Share Option Agreement (Xoma LTD /De/), Share Option Agreement (Xoma LTD /De/), Share Option Agreement (Xoma LTD /De/)

AutoNDA by SimpleDocs

Privilege of Share Ownership. The holder of this option will not have any rights of a shareholder stockholder with respect to the Optioned Shares until such individual has exercised the option, paid the Exercise Price and been issued a certificate for for, or had his or her securities account credited with, the purchased sharesShares.

Appears in 5 contracts

Samples: Stock Option Agreement (XOMA Corp), Stock Option Agreement (XOMA Corp), Stock Option Agreement (XOMA Corp)

Privilege of Share Ownership. The holder of this option You will not have any rights of a shareholder of the Company with respect to the Optioned Shares until such individual has you have exercised the option, paid the Exercise Price and been issued a certificate for the purchased shares.

Appears in 3 contracts

Samples: Share Option Agreement (Xoma LTD /De/), Share Option Agreement (Xoma LTD /De/), Share Option Agreement (Xoma LTD /De/)

AutoNDA by SimpleDocs

Privilege of Share Ownership. The holder of this option will not have any rights of a shareholder with respect to the Optioned Shares until such individual has exercised the option, paid the Exercise Price and been issued a certificate for for, or had his or her securities account credited with, the purchased sharesShares.

Appears in 1 contract

Samples: Share Option Agreement (Xoma LTD /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!