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.
Appears in 4 contracts
Samples: Non Statutory Stock Option Agreement (Intek Global Corp), Non Statutory Stock Option Agreement (Telecomm Industries Corp), Non Statutory Stock Option Agreement (Intek Global Corp)
Rights Prior to Exercise of Option. The Optionee shall not have any none of the rights as or privileges of a stockholder with of the Company in respect to of the Option or any Option Shares subject issuable pursuant to the Non-Statutory Options prior to Option until certificates representing the date on which the Optionee is recorded as the holder of such Option Shares on the records have been issued and delivered. No Option Shares shall be required to be issued and delivered upon any exercise of the Company; provided that Option unless and until all of the foregoing requirements of law and of all regulatory agencies having jurisdiction over the issuance and delivery of the securities shall not diminish or affect any rights the Optionee has under the Planhave been fully complied with.
Appears in 3 contracts
Samples: Non Employee Director Stock Option Agreement (Miravant Medical Technologies), Nonqualified Stock Option Agreement (PDT Inc /De/), Incentive Stock Option Agreement (PDT Inc /De/)
Rights Prior to Exercise of Option. The Optionee shall not have any no rights as a stockholder with respect to any Option Shares shareholder of shares subject to this Option until payment of the Non-Statutory Options prior to Option Price and the date on which the Optionee is recorded as the holder delivery 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 Planshares as herein provided.
Appears in 1 contract
Samples: Selling Agent Option Agreement (Miravant Medical Technologies)
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 Incentive Stock 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.
Appears in 1 contract
