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

Rights Prior to Exercise of This Option. The Optionee understands and agrees that the Optionee will have no rights as a shareholder in the Option Shares, including without limitation the right to vote or receive dividends, until the issuance of the shares is reflected in the Company's stock transfer records.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Premierwest Bancorp), Nonqualified Stock Option Agreement (Lithia Motors Inc), Incentive Stock Option Agreement (Lithia Motors Inc)

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Rights Prior to Exercise of This Option. The Optionee understands and agrees that the Optionee will have no rights as a shareholder in the Option Shares, including including, without limitation limitation, the right to vote or receive dividends, until the issuance of the shares is reflected in the Company's stock transfer records.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Premierwest Bancorp)

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