Common use of RIGHTS OF EMPLOYEE IN STOCK Clause in Contracts

RIGHTS OF EMPLOYEE IN STOCK. Neither Employee, nor his successor in interest, shall have any of the rights of a shareholder of the Corporation with respect to the shares for which the Option is exercised until such shares are issued by the Corporation.

Appears in 5 contracts

Samples: Stock Option Agreement (Entech Solar, Inc.), Incentive Stock Option Agreement (Unitrend Inc), Incentive Stock Option Agreement (Unitrend Inc)

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RIGHTS OF EMPLOYEE IN STOCK. Neither Employee, nor his successor in interest, shall have any of the rights of a shareholder of the Corporation with respect to the shares for which the Option is exercised until such shares are issued by the Corporation.. 4 SECTION VII

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Unitrend Inc), Memorandum Agreement (Unitrend Inc)

RIGHTS OF EMPLOYEE IN STOCK. Neither Employee, nor his successor successors in interest, shall have any of the rights of a shareholder of the Corporation Company with respect to the shares for which the Option is exercised until such shares are issued by the CorporationCompany.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Vision Bancshares Inc), Incentive Stock Option Agreement (Vision Bancshares Inc)

RIGHTS OF EMPLOYEE IN STOCK. Neither Employee, nor his successor in interest, shall have any of the rights of a shareholder of the Corporation with respect to the shares for which the Option is exercised until such Option is exercised in accordance with the Plan and this Agreement and such shares are issued delivered by the Corporation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Rightchoice Managed Care Inc)

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RIGHTS OF EMPLOYEE IN STOCK. Neither Employee, nor his successor in interest, shall have any of the rights of a shareholder of the Corporation with respect to the shares for which the Option is issued until such Option is exercised until in accordance with the Plan and this Agreement and such shares are issued delivered by the Corporation.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Rightchoice Managed Care Inc)

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