Common use of Rights of Director Clause in Contracts

Rights of Director. Except as otherwise provided in Section 8 herein, Director shall exercise all rights and privileges of a shareholder of the Company with respect to the Shares deposited in escrow. Director shall be deemed to be the holder of the Shares for purposes of receiving any dividends which may be paid with respect to such shares and for purposes of exercising any voting rights relating to such shares, even if some or all of such Shares have not yet vested and been released from the Company’s Reacquisition Right.

Rights of Director. Except as otherwise provided in Section 8 7 herein, Director shall exercise all rights and privileges of a shareholder of the Company with respect to the Shares deposited in escrow. Director shall be deemed to be the holder of the Shares for purposes of receiving any dividends which may be paid with respect to such shares and for purposes of exercising any voting rights relating to such shares, even if some or all of such Shares have not yet vested and been released from the Company’s 's Reacquisition Right.