Common use of Rights Prior to Exercise Clause in Contracts

Rights Prior to Exercise. Optionee shall not be deemed for any purpose to be a shareholder of the Corporation with respect to any Shares as to which this Option shall not have been exercised and payment made as hereby provided and a stock certificate for such Shares actually issued to Optionee. No adjustment will be made for dividends or other rights for which the record date is prior to the date of such issuance.

Appears in 8 contracts

Samples: Non Plan Stock Option Agreement (Vapor Corp.), Employment Agreement (Krispy Kreme Doughnuts Inc), Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

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Rights Prior to Exercise. Optionee shall not be deemed for any purpose to be a shareholder of the Corporation with respect to any Shares as to which this Option option shall not have been exercised and payment made as hereby provided and a stock certificate for such Shares shares actually issued to Optionee. No adjustment will be made for dividends or other rights for which the record date is prior to the date of such issuance.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

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