Status as Shareholder. The Director shall not for any purpose be deemed to be a holder of any Company Shares pursuant to the exercise of any Options until exercise of such Options in accordance with the terms hereof and payment of the applicable option exercise price in full.
Appears in 6 contracts
Samples: Nonqualified Stock Option Agreement (Telular Corp), Nonqualified Stock Option Agreement (Telular Corp), Nonqualified Stock Option Agreement (Telular Corp)
Status as Shareholder. The Director shall not for any purpose be deemed --------------------- to be a holder of any Company Shares pursuant to the exercise of any Options until exercise of such Options in accordance with the terms hereof and payment of the applicable option exercise price in full.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Telular Corp), Nonqualified Stock Option Agreement (Telular Corp), Nonqualified Stock Option Agreement (Telular Corp)
Status as Shareholder. The Director shall not for any purpose be --------------------- deemed to be a holder of any Company Shares pursuant to the exercise of any Options until exercise of such Options in accordance with the terms hereof and payment of the applicable option exercise price in full.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Telular Corp), Nonqualified Stock Option Agreement (Telular Corp)
Status as Shareholder. The Director shall not for any purpose --------------------- be deemed to be a holder of any Company Shares pursuant to the exercise of any Options until exercise of such Options in accordance with the terms hereof and payment of the applicable option exercise price in full.
Appears in 1 contract
