Common use of Privileges of Stock Ownership Clause in Contracts

Privileges of Stock Ownership. Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Appears in 10 contracts

Samples: Release of Claims Agreement (INVO Bioscience, Inc.), Employment Agreement (Amdl Inc), Employment Agreement (Rubicon Financial Inc)

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Privileges of Stock Ownership. Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s 's counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Appears in 6 contracts

Samples: Consulting Agreement (Millennium Plastics Corp), Stock Option Agreement (Famous Fixins Inc), Stock Option Agreement (Famous Fixins Inc)

Privileges of Stock Ownership. Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s Company's counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation Company may be listed shall have been fully complied with.

Appears in 4 contracts

Samples: Consulting Agreement (Vital Living Inc), Consulting Agreement (Vital Living Inc), Scientific Advisory Board Agreement (Vital Living Inc)

Privileges of Stock Ownership. The Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to the Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Appears in 4 contracts

Samples: Stock Option Agreement (Braintech Inc), Stock Option Agreement (Braintech Inc), Stock Option Agreement (Braintech Inc)

Privileges of Stock Ownership. Optionee shall not be entitled to the ----------------------------- privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s 's counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Appears in 3 contracts

Samples: Consulting Services Contract (CPC of America Inc), Employment Agreement (CPC of America Inc), Cancellation of Indebtedness Agreement (Amdl Inc)

Privileges of Stock Ownership. Optionee shall will not be entitled to the privileges of stock ownership as to any Shares shares not actually issued and delivered to Optionee. No Shares shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s 's counsel, any then applicable requirements of any and laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Appears in 2 contracts

Samples: Stock Option Agreement (Optimumcare Corp /De/), Stock Option Agreement (Optimumcare Corp /De/)

Privileges of Stock Ownership. Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the CorporationCompany’s counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation Company may be listed shall have been fully complied with.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Petro Resources Corp), Non Statutory Stock Option Agreement (Petro Resources Corp)

Privileges of Stock Ownership. Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options Option unless and until, in the opinion of the STOCK OPTION AGREEMENT PAGE 4 ---------------------- Corporation’s 's counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Appears in 2 contracts

Samples: Stock Option Agreement (American Independent Network Inc), Stock Option Agreement (American Independent Network Inc)

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Privileges of Stock Ownership. Optionee shall not be entitled to have any of the rights or privileges of stock ownership as a stockholder of the Company with respect to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased issuable upon the exercise of any Options unless and until, in the opinion of the Corporation’s counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed Option until certificates representing such Shares shall have been fully complied withissued and delivered.

Appears in 1 contract

Samples: Option Agreement (Bikers Dream Inc)

Privileges of Stock Ownership. Optionee shall not be entitled to the privileges of stock ownership as to any Shares shares not actually issued and delivered to Optionee. No Shares shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s 's counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Appears in 1 contract

Samples: Stock Option Agreement (Optimumcare Corp /De/)

Privileges of Stock Ownership. Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s 's counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock Stock of the Corporation may be listed listed, shall have been fully complied with.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Advantage Marketing Systems Inc/Ok)

Privileges of Stock Ownership. No Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to such Optionee. No Shares shall be purchased issued upon the exercise of any Options Option unless and until, in the opinion of the Corporation’s 's counsel, any then all applicable requirements laws, rules and regulations of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed listed, shall have been fully complied with.

Appears in 1 contract

Samples: Stock Option Agreement (Homeland Precious Metals Corp.)

Privileges of Stock Ownership. Optionee shall not be entitled to the privileges of stock ownership as to any Shares not actually issued and delivered to Optionee. No Shares shall be purchased upon the exercise of any Options unless and until, in the opinion of the Corporation’s counsel, any then applicable requirements of any laws, or governmental or regulatory agencies having jurisdiction, and of any exchanges upon which the stock of the Corporation may be listed shall have been fully complied with.

Appears in 1 contract

Samples: Release of Claims Agreement (INVO Bioscience, Inc.)

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