Right as Shareholder. Neither OPTIONEE nor his executors, administrators, heirs or legatees, shall be or have any rights or privileges of a stock holder of the COMPANY in respect of the shares transferable upon exercise of the Option granted hereunder, unless and until certificates representing such shares shall have been endorsed, transferred, and delivered and the transferee has caused his name to be entered as the shareholder of record on the books of the COMPANY.
Appears in 2 contracts
Samples: Nonstatutory Stock Option Agreement (Ubrandit Com), Nonstatutory Stock Option Agreement (Pennaco Energy Inc)
Right as Shareholder. Neither OPTIONEE EMPLOYEE nor his executors, administrators, heirs or legatees, shall be or have any rights or privileges of a stock holder of the COMPANY in respect of the shares transferable upon exercise of the Option granted hereunder, unless and until certificates representing such shares shall have been endorsed, transferred, and delivered and the transferee has caused his name to be entered as the shareholder of record on the books of the COMPANY.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Ubrandit Com), Incentive Stock Option Agreement (Pennaco Energy Inc)
