Common use of Status of Optionee Clause in Contracts

Status of Optionee. a. Optionee shall not have any of the rights of a shareholder with respect to the Optioned Shares, unless and until Optionee shall have exercised the option granted herein, paid the option price and been issued a stock certificate for the Optioned Shares.

Appears in 4 contracts

Samples: Stock Option Agreement (Alfa International Corp), Stock Option Agreement (Alfa International Corp), Stock Option Agreement (Alfa International Corp)

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