Common use of Rights as a Shareholder of the Company Clause in Contracts

Rights as a Shareholder of the Company. Participant’s receipt of the grant of SARs pursuant to the Notice and this Award Agreement shall provide and confer no rights to or status as a shareholder or equity holder of the Company. Without limiting the foregoing, the holding of SARs shall NOT confer any right to: (i) vote; (ii) bring derivative actions; (iii) inspect books and records of the Company; (iv) receive dividends or other distributions except as provided in Section 3; or (v) have any other rights accorded owners of the Company’s shareholders or equity holders.

Appears in 5 contracts

Samples: Stock Appreciation Right Award (Guaranty Bancshares Inc /Tx/), Stock Appreciation Right Award Agreement (Powell Industries Inc), Stock Appreciation Right Award (LGI Homes, Inc.)

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