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

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.

Appears in 2 contracts

Samples: Preferred Stock, Subordinated Note and Warrant Purchase Agreement (Wam Net Inc), Executive Employment Agreement (Wam Net Inc)

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Rights Prior to Exercise of Option. This Option is non-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.

Appears in 2 contracts

Samples: Preferred Stock, Subordinated Note and Warrant Purchase Agreement (Wam Net Inc), Executive Employment Agreement (Wam Net Inc)

Rights Prior to Exercise of Option. This Option is non-transferable by ---------------------------------- ExecutiveEmployee, 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.

Appears in 1 contract

Samples: Employment Agreement (Wam Net Inc)

Rights Prior to Exercise of Option. This Option is non-transferable by ---------------------------------- ExecutiveEmployee, 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.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Rochester Medical Corporation)

Rights Prior to Exercise of Option. This Option is non-non- ---------------------------------- transferable by ---------------------------------- ExecutiveEmployee, 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.

Appears in 1 contract

Samples: Employment Agreement (Wam Net Inc)

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Rights Prior to Exercise of Option. This Option is non-transferable by ---------------------------------- ExecutiveOptionee, 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.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Rochester Medical Corporation)

Rights Prior to Exercise of Option. This Option is non-non- ---------------------------------- transferable by ---------------------------------- ExecutiveOptionee, 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.

Appears in 1 contract

Samples: Employment Agreement (Wam Net Inc)

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