Common use of Qualification of Rights Clause in Contracts

Qualification of Rights. Neither this Agreement nor the exercise of the Option shall be construed as giving the Grantee any right (a) to be retained in the employ of the Company; or (b) as a shareholder with respect to the Shares, until the certificates for the Shares have been issued and delivered to the Grantee.

Appears in 2 contracts

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

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Qualification of Rights. Neither this Agreement nor the exercise of the an Option shall be construed as giving the Grantee any right (a) to be retained in the employ of the Company; or (b) as a shareholder with respect to the Shares, until the certificates for the Shares have been issued and delivered to the Grantee.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Global Aviation Holdings Inc.), Nonqualified Stock Option Agreement (Global Aviation Holdings Inc.)

Qualification of Rights. Neither this Agreement nor the exercise of the an Option shall be construed as giving the Grantee any right (a) to be retained in the employ of the CompanyCompany or any of its Subsidiaries; or (b) as a shareholder with respect to the Shares, until the certificates for the Shares have been issued and delivered to the Grantee.

Appears in 1 contract

Samples: Stock Option Agreement (Brightpoint Inc)

Qualification of Rights. Neither this Agreement nor the exercise of the Option shall be construed as giving the Grantee any right (a) to be retained in the employ of the CompanyCompany or any of its Subsidiaries; or (b) as a shareholder with respect to the Shares, until the certificates for the Shares have been issued and delivered to the Grantee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Brightpoint Inc)

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Qualification of Rights. Neither this Agreement nor the exercise of the Option shall be construed as giving the Grantee any right (a) to be retained in the employ continue as a director of the Company; or (b) as a shareholder with respect to the Shares, until the certificates for the Shares have been issued and delivered to the Grantee.

Appears in 1 contract

Samples: Stock Option Agreement (Brightpoint Inc)

Qualification of Rights. Neither this Agreement nor the exercise of the Option Options shall be construed as giving the Grantee any right (a) to be retained in the employ of the Company; or (b) as a shareholder with respect to the Shares, until the certificates for the Shares have been issued and delivered to the Grantee.

Appears in 1 contract

Samples: Executive Stock Option Agreement (Brightpoint Inc)

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