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

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.

Appears in 14 contracts

Samples: Non Employee Director Stock Option Award Agreement (Lilis Energy, Inc.), Stock Option Award Agreement (Lilis Energy, Inc.), Stock Option Award Agreement (Lilis Energy, Inc.)

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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 Options prior to the date on which he the Participant is recorded as the holder of such Shares on the records of the Company.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Mines Management Inc), Incentive Stock Option Award Agreement (Mines Management Inc)

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