Common use of Rights Prior to Exercise of Option Clause in Contracts

Rights Prior to Exercise of Option. This option is not transferable by you, except by will or the laws of descent and distribution in the event of death as provided herein, and during Optionee's lifetime shall be exercisable only by Optionee. This option shall confer no rights to the holder hereof to act as a shareholder with respect to any of the shares of Common Stock subject to the option until payment of the option price and delivery of a certificate has been made.

Rights Prior to Exercise of Option. This option The Option is not transferable by you---------------------------------- Optionee, except by will or the laws of descent and distribution in the event of the Optionee's death as provided herein, and during Optionee's lifetime shall be exercisable only by Optionee. This option The Option shall confer no rights to of the holder hereof Optionee to act as a shareholder with respect to any of the shares of Common Stock subject to the option Option Shares until payment of the option price and delivery of a share certificate has been made.

Rights Prior to Exercise of Option. This option The Option is not ---------------------------------- transferable by youOptionee, except by will or the laws of descent and distribution in the event of the Optionee's death as provided herein, and during Optionee's lifetime shall be exercisable only by Optionee. This option The Option shall confer no rights to of the holder hereof Optionee to act as a shareholder with respect to any of the shares of Common Stock subject to the option Option Shares until payment of the option price and delivery of a share certificate has been made.

Rights Prior to Exercise of Option. This option Option is not non-transferable by youOptionee, except by will or the laws of descent and distribution in the event of death as provided hereinhis death, and during Optionee's his lifetime shall be is exercisable only by Optioneehim. This option No person shall confer no have any rights to the holder hereof to act as a shareholder stockholder with respect to any of the common shares of Common Stock subject to the option purchasable hereunder until payment of the option price and delivery to him of a certificate has been madesuch common shares as herein provided.