Common use of Stockholder Rights Not Granted by This Option Clause in Contracts

Stockholder Rights Not Granted by This Option. The Optionee is not entitled by virtue hereof to any rights of a stockholder of the Company or to notice of meetings of stockholders or to notice of any other proceedings of the Company. The Optionee shall have all of the rights of a stockholder of the Company holding the class or series of Common Stock that is subject to this Option (including, if applicable, the right to vote the applicable Shares and the right to receive dividends) when the Optionee (i) has given written notice of exercise, (ii) if requested, has given the representation described in Section 14(a) of the Plan and Section 4 hereof, and (iii) has paid in full for such Shares.

Appears in 11 contracts

Samples: Incentive Stock Option Agreement (Banc of California, Inc.), Nonqualified Option Agreement (Banc of California, Inc.), Nonqualified Option Agreement (Banc of California, Inc.)

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