Rights Prior to Exercise of Option. The Option hereby granted is non-transferable by Employee except as otherwise provided in Paragraph 5 hereof. During the lifetime of Employee, the Options hereby granted shall be exercisable only by the Employee. Employee shall have no rights as a shareholder in the shares of Stock purchasable pursuant to Options hereunder until payment of the purchase price and delivery.
Rights Prior to Exercise of Option. The option herein granted is nontransferable by Optionee except as herein otherwise provided. This option may be pledged for the sole purpose of exercising stock options granted to the Optionee by the Company to purchase shares of Common Stock of the Company. Unless the Optionee is deceased or disabled, with the determination of the existence or nonexistence of such disability such disability left to the reasonable discretion of the Board of Directors of the Company, or pledged as permitted hereunder, the option herein may only be exercised by the Optionee. If the Optionee dies during the period of time that all or any of part of this option is exercisable, the Optionee's executor or legal representative may exercise all or any part of this option at any time or times during the period of time in which the option herein is granted. If the Optionee is disabled, as aforesaid, the Optionee's legal representative shall have the right to exercise all or any part of this option at any time or times during the period of time in which the Optionee is disabled and the option herein granted has not expired by the terms of this Agreement. With respect to the shares of stock which are subject to the option herein granted, Optionee shall have no rights as a stockholder until payment of the option price for the shares being purchased by exercise of the option herein granted, and the issuance of the shares involved.
Rights Prior to Exercise of Option. The Participant shall not have any rights as a stockholder with respect to any shares subject to the Option prior to the date on which he is recorded as the holder of such shares on the records of the Corporation.
Rights Prior to Exercise of Option. The Participant shall not have any rights as a shareholder with respect to any Shares subject to the Option prior to the date on which he is recorded as the holder of such Shares on the records of the Company.
Rights Prior to Exercise of Option. The Recipient shall have no rights as a stockholder with respect to the Shares subject to the Option until the exercise of his or her rights hereunder and the issuance and delivery to Recipient of a certificate or certificates evidencing such Shares.
Rights Prior to Exercise of Option. The Optionee shall have no rights as a stockholder with respect to the shares of Common Stock subject to the Option until the exercise of his or her rights hereunder and the issuance and delivery to Optionee of a certificate or certificates evidencing such shares.
Rights Prior to Exercise of Option. The Optionee shall have no rights as a stockholder of the Company with respect to the Option Shares until full payment of the option price and delivery of such Option Shares as herein provided. Nothing contained herein or in the Plan shall be construed as creating or evidence of any agreement on the part of the Company to continue to employ or retain the Optionee in any capacity.
Rights Prior to Exercise of Option. This option may be transferable by Optionee, upon the mutual agreement of the parties except in the event of Optionee's death as provided in paragraph 4(b) above, whereby Optionee's executors or administrators may transfer the option upon mutual agreement of the parties. Optionee shall have no rights as a stockholder with respect to the option shares until payment of the option price and delivery to him of such shares as herein provided.
Rights Prior to Exercise of Option. The Optionee shall not have any rights as a stockholder with respect to any Option Shares subject to the Non-Statutory Options prior to the date on which the Optionee is recorded as the holder of such Option Shares on the records of the Company; provided that the foregoing shall not diminish or affect any rights the Optionee has under the Plan.
Rights Prior to Exercise of Option. This Option is non-transferable by ---------------------------------- Executive, except in the event of his death, and during his lifetime is exercisable only by him. No person shall have any rights as a stockholder with respect to any common shares purchasable hereunder until payment of the option price in accordance with Section 4.02 or 4.03 hereof, and delivery to him of such common shares as herein provided.
