Common use of Rights in Shares Prior to Issuance Clause in Contracts

Rights in Shares Prior to Issuance. Prior to issuance of the Option Shares pursuant to the exercise of rights granted hereunder, whether by book entry or by physical certificate, neither the Optionee nor his legatees, personal representatives, or distributees, shall be deemed to be a holder of any Option Shares.

Rights in Shares Prior to Issuance. Prior to issuance of the Option Shares pursuant to the exercise certificates for shares of rights granted hereunder, whether by book entry or by physical certificateCommon Stock, neither the Optionee nor his the legatees, personal representatives, representatives or distributeesdistributees of the Optionee, shall be deemed to be a holder of any Option Sharesshares of Common Stock subject to option.