Common use of Rights as Shareholders Clause in Contracts

Rights as Shareholders. Until the stock certificates reflecting the Shares accruing to the Optionee upon exercise of the Option are issued to the Optionee, the Optionee shall have no rights as a shareholder with respect to such Shares. The Company shall make no adjustment for any dividends, distributions or other rights on or with respect to Shares purchased pursuant to the Option for which the record date is prior to the issuance of that stock certificate.

Appears in 6 contracts

Samples: Stock Option Agreement (Cyclo3pss Corp), Stock Option Agreement (Cyclo3pss Corp), Stock Option Agreement (Cyclo3pss Corp)

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Rights as Shareholders. Until the stock certificates reflecting the Shares accruing to the Optionee upon exercise of the Option are issued to the Optionee, the The Optionee shall have no rights as a shareholder with respect to of the Company on account of the Option nor on account of shares of Common Stock subject hereto until such Shares. The time as the Company shall make no adjustment for any dividends, distributions or other rights on or with respect to Shares purchased pursuant have issued and delivered stock certificates to the Option for which the record date is prior to the issuance of that stock certificateOptionee.

Appears in 5 contracts

Samples: Directors' Nonqualified Stock Option Agreement (Gardenburger Inc), Nonstatutory Stock Option Agreement (Gardenburger Inc), Employment Agreement (Gardenburger Inc)

Rights as Shareholders. Until the stock certificates reflecting the Shares accruing to the The Optionee upon exercise of the Option are issued to the Optionee, the Optionee shall and any other Holder have no rights as a shareholder with respect to such Sharesany shares covered by the Option until the issuance of a certificate or certificates to the Optionee or other Holder for the shares upon due exercise of the Option. The Company shall make no No adjustment will be made for any dividends, distributions dividends or other rights on or with respect to Shares purchased pursuant to the Option for which the record date is prior to the issuance of that stock certificatethe certificate or certificates.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Kaydon Corp), Non Qualified Stock Option Agreement (Kaydon Corp), Non Qualified Stock Option Agreement (Kaydon Corp)

Rights as Shareholders. Until the stock certificates reflecting the Shares accruing to the Optionee upon exercise of the Option are issued to the Optionee, the The Optionee shall not have no any rights as a shareholder with respect to such Sharesany Option Shares subject to this Option prior to the issuance or transfer of the Option Shares on the stock books of the Company. The Company shall make Except as provided in Section 9 hereof, no adjustment shall be made for any dividends, distributions dividends or other rights on or with respect to Shares purchased pursuant to the Option for which the record date is prior to the issuance or transfer of that stock certificatesuch certificate or certificates.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Diversa Corp), Non Qualified Stock Option Agreement (Diversa Corp), Incentive Stock Option Agreement (Verenium Corp)

Rights as Shareholders. Until the stock certificates reflecting the Shares accruing to the Optionee upon exercise of the Option are issued to the Optionee, the No Optionee shall have no any rights as a shareholder with respect to such Sharesany shares subject to this option prior to the issuance or transfer of the shares on the stock books of the Company. The Company shall make Except as provided in Section 10 hereof, no adjustment shall be made for any dividends, distributions dividends or other rights on or with respect to Shares purchased pursuant to the Option for which the record date is prior to the issuance or transfer of that stock certificatesuch certificate or certificates.

Appears in 1 contract

Samples: Director Stock Option Agreement (Starmet Corp)

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Rights as Shareholders. Until the stock certificates reflecting the Shares accruing to the Optionee upon exercise of the Option are issued to the Optionee, the No Optionee shall have no any rights as a shareholder with respect to such Sharesany shares subject to his option prior to the issuance or transfer of the shares on the stock books of the Company. The Company shall make Except as provided in Section 9 hereof, or Sections 4(b) or 6(f) of the Plan, no adjustment shall be made for any dividends, distributions dividends or other rights on or with respect to Shares purchased pursuant to the Option for which the record date is prior to the issuance or transfer of that stock certificatesuch certificate or certificates.

Appears in 1 contract

Samples: Stock Option Agreement (Lojack Corp)

Rights as Shareholders. Until the stock certificates reflecting the Shares accruing to the Optionee upon exercise of the Option are issued to the Optionee, the No Optionee shall have no any rights as a shareholder with respect to such Sharesany shares subject to his option prior to the issuance or transfer of the shares on the stock books of the Company. The Company shall make Except as provided in Section 9 hereof, no adjustment shall be made for any dividends, distributions dividends or other rights on or with respect to Shares purchased pursuant to the Option for which the record date is prior to the issuance or transfer of that stock certificatesuch certificate or certificates.

Appears in 1 contract

Samples: Master Senior Management Stock Option Agreement (Lojack Corp)

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