Common use of Rights as Stockholders Clause in Contracts

Rights as Stockholders. Optionee shall not by reason of the Option have any rights as a stockholder of the Company until Optionee shall, from time to time, have exercised the Option, and, upon each such exercise, Optionee shall have, with respect to the number of Shares as to which the Option is then exercised, all rights of a stockholder of record from the date of such exercise, irrespective of whether certificates to evidence the Shares with respect to which the Option was exercised shall have been issued on such date.