Common use of Rights of Participant Clause in Contracts

Rights of Participant. The Participant shall have no rights whatsoever as a shareholder in respect of any Common Shares which are the subject of the Performance Units held by the Participant (including, without limitation, any right to receive dividends or other distributions from the Company, voting rights, warrants or rights under any rights offering) until such time as such shares have been recorded on the Company’s official shareholder records as having been issued to the Participant. Nothing contained in this Agreement shall give the Participant or any other person, any interest or title in or to any Common Shares which are the subject of the Performance Units or any rights as a shareholder of the Company or any other legal or equitable right against the Company whatsoever other than as set forth in this Agreement, nor shall it confer upon the Participant any right to continue as a director of the Company or of its Subsidiaries.

Appears in 4 contracts

Samples: Performance Unit Award Agreement (Ipsco Inc), Performance Unit Award Agreement (Ipsco Inc), Performance Unit Award Agreement (Ipsco Inc)

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Rights of Participant. The Participant shall have no rights whatsoever as a shareholder in respect of any Common Shares which are the subject of the Performance Units held by the Participant (including, without limitation, any right to receive dividends or other distributions from the CompanyCorporation, voting rights, warrants or rights under any rights offering) until such time as such shares Common Shares have been recorded on the CompanyCorporation’s official shareholder records as having been issued to the Participant. Nothing contained in this Agreement shall give the Participant or any other person, any interest or title in or to any Common Shares which are the subject of the Performance Units or any rights as a shareholder of the Company Corporation or any other legal or equitable right against the Company Corporation whatsoever other than as set forth in this Agreement, nor shall it confer upon the Participant any right to continue as a director of the Company or of its Subsidiaries.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Ipsco Inc), Performance Unit Award Agreement (Ipsco Inc)

Rights of Participant. The Participant shall have full rights as a shareholder upon the grant of Restricted Shares but shall have no rights whatsoever as a shareholder in respect of any Common Shares which are the subject of the Performance Units held by the Participant (including, without limitation, any right to receive dividends or other distributions from the Company, voting rights, warrants or rights under any rights offering) until such time as such shares have been recorded on the Company’s official shareholder records as having been issued to the Participant. Nothing contained in this Agreement shall give the Participant or any other person, any interest or title in or to any Common Shares which are the subject of the Performance Units or any rights as a shareholder of the Company or any other legal or equitable right against the Company whatsoever other than as set forth in this Agreement, nor shall it confer upon the Participant any right to continue as a director an officer of the Company or of its Subsidiaries.

Appears in 2 contracts

Samples: Restricted Share and Performance Unit Award Agreement (Ipsco Inc), Restricted Share and Performance Unit Award Agreement (Ipsco Inc)

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Rights of Participant. The Participant shall have no rights whatsoever as a shareholder in respect of any Common Shares which are the subject of the Performance Units held by the Participant (including, without limitation, any right to receive dividends or other distributions from the Company, voting rights, warrants or rights under any rights offering) until such time as such shares have been recorded on the Company’s official shareholder records as having been issued to the Participant. Nothing contained in this Agreement shall give the Participant or any other person, any interest or title in or to any Common Shares which are the subject of the Performance Units or any rights as a shareholder of the Company or any other legal or equitable right against the Company whatsoever other than as set forth in this Agreement, nor shall it confer upon the Participant any right to continue as a director an officer of the Company or of its Subsidiaries.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Ipsco Inc)

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