Rights as Shareholders. 12.1. The Optionee shall have no rights as a shareholder of the Company on account of the Option nor on account of shares of Common Stock of the Company which will be acquired upon exercise of the Option (but with respect to which no certificates have been delivered to the Optionee).
Appears in 2 contracts
Samples: Qualified Stock Option Agreement (View Systems Inc), Qualified Stock Option Agreement (View Systems Inc)
Rights as Shareholders. 12.1. The Optionee shall have no rights as a shareholder of the Company on account of the Option nor on account of shares of Common Stock of the Company which will be acquired upon exercise of the Option (but with respect to which no certificates have been delivered to the Optionee).
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Horizon CMS Healthcare Corp), Nonstatutory Stock Option Agreement (Horizon CMS Healthcare Corp)
Rights as Shareholders. 12.1. The Optionee shall not have no any rights as a shareholder of the Company on account of the Option nor on account of shares of Common Stock of the Company which will be acquired upon exercise of the Option (but with respect to which no certificates Option Shares until full payment has been made to the Corporation and the Option Shares have been delivered issued to the OptioneeOptionee (as evidenced by the appropriate entry on the books of the Corporation or of a duly authorized transfer agent of the Corporation).
Appears in 1 contract
Samples: Securities Purchase Agreement (Mitel Networks Corp)
Rights as Shareholders. 12.1. The Optionee shall have no rights as a shareholder of the Company on account of the Option nor on account of shares of Common Stock of the Company which will be acquired upon exercise of the Option (but with respect to which no certificates have been delivered to any Shares until the Optionee)Optionee becomes the holder of record of the Shares.
Appears in 1 contract
