Common use of Rights of Shareholders Clause in Contracts

Rights of Shareholders. The Recipient shall not be, nor have any of the rights or privileges of, a shareholder of the Company in respect of any shares purchasable upon the exercise of any part of the Option unless and until certificates representing such shares shall have been issued by the Company to the Recipient.

Appears in 15 contracts

Samples: Non Qualified Stock Option Agreement (Analex Corp), Nonqualified Stock Option Agreement (Viola Group Inc), Nonqualified Stock Option Agreement (Viola Group Inc)

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Rights of Shareholders. The Recipient Participant shall not be, nor have any of the rights or privileges of, a shareholder of the Company in respect of any shares purchasable upon the exercise of any part of the Option unless and until certificates representing such shares shall have been issued by the Company to the RecipientParticipant.

Appears in 7 contracts

Samples: Nonqualified Stock Option Agreement (Interactive Technologies Com LTD), Nonqualified Stock Option Agreement (Interactive Technologies Com LTD), Nonqualified Stock Option Agreement (Technisource Inc)

Rights of Shareholders. The Recipient shall not be, nor have any of the rights or privileges of, a shareholder of the Company in respect of any shares purchasable upon the exercise of any part of the Option option unless and until certificates representing such shares shall have been issued by the Company to the Recipient.

Appears in 3 contracts

Samples: Powercerv Corporation Nonstatutory Stock Option Agreement (RCF Inc), Powercerv Corporation Nonstatutory Stock Option Agreement (Powercerv Corp), Powercerv Corporation Nonstatutory Stock Option Agreement (Powercerv Corp)

Rights of Shareholders. The Recipient shall not be, nor have any of the rights or privileges of, a shareholder of the Company in respect of any shares of Company common stock purchasable upon the exercise of any part of the Option unless and until certificates representing such shares shall have been issued by the Company to the Recipient.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Analex Corp), Incentive Stock Option Agreement (Analex Corp)

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Rights of Shareholders. The Recipient shall will not be, nor have any of the rights or privileges of, a shareholder of the Company in respect of any shares Shares purchasable upon the exercise of any part of the Option unless and until the Company issues certificates representing such shares shall have been issued by the Company those Shares to the Recipient.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Paxson Communications Corp), Non Qualified Stock Option Agreement (Paxson Communications Corp)

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