Right of a Shareholder Sample Clauses

Right of a Shareholder. Awardholder shall have no rights as a shareholder with respect to the Optioned Shares until after (i) payment in full of the Option Price for the Optioned Shares for which the Options are being exercised and (ii) the execution by Awardholder of a counterpart to each of the Agreements (if Awardholder is not already a party thereto) and any other agreement reasonably requested by Corporation in order to ensure that upon issuance of the Optioned Shares to Awardholder that Awardholder be bound by the terms and conditions of each of the Agreements. Awardholder shall have no right as a shareholder with respect to such Optioned Shares until the issuance of such Shares and no adjustment shall be made for dividends or other rights for which the record date is prior to the time such Shares are issued. Corporation shall issue such Optioned Shares so purchased within ten (10) Business Days after the conditions set out in the first sentence of this paragraph have been met and deliver share certificates in respect of such Optioned Shares as soon as practicable thereafter.
Sample 1Sample 2Sample 3See All (20)
AutoNDA by SimpleDocs
Right of a Shareholder. After receipt of (i) a Notice, and (ii) payment in full of the Option Price for the Optioned Shares for which the Option is being exercised, the Corporation shall, within five (5) business days, take all actions necessary to issue such Optioned Shares to the Optionee and to prepare and deliver share certificates representing such Optioned Shares so issued and register such Optioned Shares in the name of the Optionee. The Optionee shall have no right as a shareholder with respect to such Optioned Shares until the issuance of such share certificates, and no adjustment shall be made for dividends or other rights for which the record date is prior to the time such share certificates are issued. The Corporation shall deliver share certificates in respect of such Optioned Shares within five (5) business days after receipt of items (i) and (ii) above. The issuance of the Optioned Shares is conditional upon the Optionee entering into an agreement with the other shareholders of the Corporation agreeing to be bound by the provisions of the Amended and Restated Unanimous Shareholders Agreement dated January 15, 2001 among the Corporation and its shareholders in respect of the Optioned Shares.
Sample 1Sample 2
Right of a Shareholder. Within five (5) business days after receipt of the Notice and payment in full of the subscription price for the total number of Optioned Units to be purchased, the Company shall cause the Agent to be recorded in its register of shareholders as holder of the number of fully paid, non-assessable Optioned Shares so purchased (the date upon which the Agent is so recorded as registered holder being referred to in this paragraph 5 as the “Registry Date”). In the case of the Optioned Warrants, within five (5) business days after receipt of the Notice, the Company shall cause to be delivered to the Agent a warrant certificate (in the form appended hereto as Schedule “A”) for the number of Optioned Warrants to which the Agent is entitled by virtue of the Notice. The Agent shall have full rights as a shareholder with respect to Optioned Shares acquired pursuant to this Compensation Option on or after the Registry Date, and no adjustment shall be made for dividends or other rights for which the record date is prior to the Registry Date. The Company agrees to issue share certificates in respect of all Optioned Shares so purchased as soon as practicable after the Registry Date, and in any event within five (5) business days thereafter. Under no circumstances shall the Company be obliged to issue any fractional Optioned Shares or fractional Optioned Warrants upon the exercise of the Compensation Option. The Company shall not pay any amounts to the Agent in satisfaction of the right to otherwise have received a fraction of an Optioned Share or a fraction of an Optioned Warrant.
Sample 1
Right of a Shareholder. After receipt of the Notice and payment in full of the option price for the total number of Shares to be purchased, the Corporation shall cause to be issued and delivered such certificates in such denominations as the Optionee may in the Notice direct, representing the number of fully paid, non-assessable Shares so purchased, registered in the name of the Optionee, but the Optionee shall have no right as a shareholder with respect to any Shares covered by this option until the issuance of such share certificates, and no adjustment shall be made for dividends or other rights for which the record date is prior to the time such share certificates are issued. The Corporation agrees to issue all Shares so purchased (including share certificates in respect thereof) within twenty (20) business days after such receipt of Notice and payment in full of the option price for the total number of Shares to be purchased.
Sample 1

Related to Right of a Shareholder

  • Rights of a Shareholder Employee shall have no rights as a shareholder with respect to any shares covered by this Agreement until the date of issuance of a stock certificate to him for such shares. Except as otherwise provided herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

  • No Rights of a Shareholder The Participant shall not have any rights as a shareholder of the Company until the Shares in question have been registered in the Company’s register of shareholders.

  • Rights of a Stockholder Prior to the time a Restricted Share is fully vested hereunder, the Employee shall have no right to transfer, pledge, hypothecate or otherwise encumber such Restricted Share. During such period, the Employee shall have all other rights of a stockholder, including, but not limited to, the right to vote and to receive dividends (subject to Section 2(a) hereof) at the time paid on such Restricted Shares.

  • Warrantholder not a Shareholder Except as may be specifically provided herein, nothing in this Indenture or in the holding of a Warrant Certificate, entitlement to a Warrant or otherwise, shall, in itself, confer or be construed as conferring upon a Warrantholder any right or interest whatsoever as a Shareholder, including, but not limited to, the right to vote at, to receive notice of, or to attend, meetings of Shareholders or any other proceedings of the Corporation, or the right to Dividends and other allocations.

  • Rights of Shareholder Except as otherwise provided in this instrument, the Grantee shall have no rights as a shareholder of the Corporation in respect of the Restricted Units or Common Stock for which the Award is granted; and the Grantee shall not be considered or treated as a record owner of shares of Common Stock with respect to the Restricted Units until the Common Stock is issued to Grantee and no longer subject to any of the restrictions imposed under the Award indicated in this instrument, and Common Stock is actually issued and transferred to Grantee.

  • No Rights of a Stockholder The Participant shall not have any of the rights of a stockholder with respect to the Shares subject to the Restricted Stock Units until such Shares have been issued.

  • Warrant Holder Not Shareholder This Warrant does not confer upon the holder hereof any right to vote or to consent or to receive notice as a shareholder of the Company, as such, in respect of any matters whatsoever, or any other rights or liabilities as a shareholder, prior to the exercise hereof as hereinbefore provided.

  • Rights as a Shareholder The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

  • Voting Rights as a Shareholder Subject to the terms of the Insider Letters described in Section 4.4 hereof and except as herein provided, the Initial Shareholders shall retain all of their rights as shareholders of the Company during the Escrow Period, including, without limitation, the right to vote such shares.

  • Voting Rights as a Stockholder Subject to the terms of the Insider Letter described in Section 4.4 hereof and except as herein provided, the Initial Stockholders shall retain all of their rights as stockholders of the Company during the Escrow Period, including, without limitation, the right to vote such shares.

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