Common use of Rights of Holders of Options Clause in Contracts

Rights of Holders of Options. Unless otherwise stated in the applicable Award Agreement, an individual or entity holding or exercising an Option shall have none of the rights of a shareholder (for example, the right to receive cash or dividend payments or distributions attributable to the subject Shares or to direct the voting of the subject Shares or to receive notice of any meeting of the Company’s shareholders) until the Shares covered thereby are fully paid and issued to him. Except as provided in Section 18, no adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such issuance.

Rights of Holders of Options. Unless otherwise stated in the applicable related Award Agreement, an individual or entity holding or exercising an Option shall have none of the rights of a shareholder stockholder (for example, the right to receive cash or dividend payments or distributions attributable to the subject Shares shares of Stock or to direct the voting of the subject Shares or to receive notice shares of any meeting of the Company’s shareholdersStock ) until the Shares shares of Stock covered thereby are fully paid and issued to him. Except as provided in Section 1816 hereof, no adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such issuance.

Rights of Holders of Options. Unless otherwise stated in the applicable Award Agreement, an individual or entity holding or exercising an Option shall have none of the rights of a shareholder stockholder (for example, the right to receive cash or dividend payments or distributions attributable to the subject Shares shares of Stock or to direct the voting of the subject Shares or to receive notice shares of any meeting of the Company’s shareholdersStock ) until the Shares shares of Stock covered thereby are fully paid and issued to him. Except as provided in Section 1817 hereof, no adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such issuance.

Rights of Holders of Options. Unless otherwise stated in the applicable Award Agreement, an individual or entity holding or exercising an Option shall have none of the rights of a shareholder (for example, the right to receive cash or dividend payments or distributions attributable to the subject Shares or to direct the voting of the subject Shares or to receive notice of any meeting of the Company’s shareholdersShares) until the Shares covered thereby are fully paid and issued to him. Except as provided in Section 1817 hereof, no adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such issuance.