Common use of Privilege of Stock Ownership Clause in Contracts

Privilege of Stock Ownership. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a shareholder with respect to, any Option Shares unless and until the Optionee properly exercises the Option in accordance with the requirements of Sections 8 and 9. Upon the proper exercise of the Option, the Optionee shall have full voting and other ownership rights with respect to the Option Shares.

Privilege of Stock Ownership. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a shareholder the holder with respect to, any Option Shares unless and until the Optionee properly exercises Company shall have issued and delivered the Option in accordance with shares to the requirements Optionee, and the Optionee's name shall have been entered as a stockholder of Sections 8 and 9. Upon record on the proper exercise books of the OptionCompany. Thereupon, the Optionee shall have full voting and other ownership rights with respect to the Option Sharessuch shares.

Privilege of Stock Ownership. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a shareholder holder with respect to, any Option Shares unless and until the Optionee properly exercises Option shall have been exercised pursuant to the Option in accordance with terms hereof, the requirements Company shall have issued and delivered the shares to Optionee, and Optionee's name shall have been entered as a stockholder of Sections 8 and 9. Upon record on the proper exercise books of the OptionCompany. Thereupon, the Optionee shall have full voting and other ownership rights with respect to the Option Sharessuch shares.

Privilege of Stock Ownership. The Optionee shall not be deemed to be holder of the holder of, or to Option will have any ----------------------------- none of the rights of a shareholder with respect to, any Option to the option Shares unless until such individual has exercised the option and until the Optionee properly exercises the Option in accordance with the requirements of Sections 8 and 9. Upon the proper exercise of the Option, the Optionee shall have full voting and other ownership rights with respect to has been issued a stock certificate for the Option Shares.

Privilege of Stock Ownership. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a shareholder with respect to, any Option Shares unless and until the Optionee properly exercises the Option in accordance with the requirements of Sections 8 and 9. Upon the proper exercise of the Option, the Optionee shall have full voting and other ownership ---------------------------- stockholder rights with respect to the Option SharesShares until such individual shall have exercised the Option and paid the Option Price for the purchased shares.

Privilege of Stock Ownership. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a shareholder holder with respect to, any Option Shares unless and until the Optionee properly exercises until: (i) the Option in accordance with shall have been exercised pursuant to the requirements terms hereof; (ii) the Company shall have issued and delivered the shares to Optionee; and (iii) Optionee's name shall have been entered as a stockholder of Sections 8 and 9. Upon record on the proper exercise books of the OptionCompany. Thereupon, the Optionee shall have full voting and other ownership rights with respect to the such Option Shares.