Common use of Stockholder Status Clause in Contracts

Stockholder Status. Executive shall have all of the rights of a stockholder with respect to the Shares prior to any forfeiture, including the right to vote the Shares and to receive all regular cash dividends paid with respect to the Shares, subject to terms of this Agreement, the Escrow Agreement and the Plan. Notwithstanding the above, Executive shall have no right to sell, assign, transfer, exchange or encumber or make subject to any creditor's process, whether voluntary or involuntary or by operation of law, any of his interest in Shares to the extent not then vested under Paragraph 2 above, and any attempt to do so shall be of no effect. In addition, all shares of capital stock or other securities issued with respect to or in substitution of any Shares not then vested under Paragraph 2 above, whether by BellSouth or by another issuer, any cash or other property received on account of a redemption of such Shares or with respect to such Shares upon the liquidation, sale or merger of BellSouth, and any other distributions with respect to such Shares with the exception of regular cash dividends, shall remain subject to the terms and conditions of this Agreement.

Stockholder Status. Executive Employee shall have all of the rights of a stockholder with respect to the Shares prior to any forfeiture, including the right to vote the Shares and to receive all regular cash dividends paid with respect to the Shares, subject to terms of this Agreement, the Escrow Agreement and the Plan. Notwithstanding the above, Executive Employee shall have no right to sell, assign, transfer, exchange or encumber or make subject to any creditor's process, whether voluntary or involuntary or by operation of law, any of his interest in the Shares to the extent not then vested under Paragraph 2 above, and any attempt to do so shall be of no effect. In addition, all shares of capital stock or other securities issued with respect to or in substitution of any Shares not then vested under Paragraph 2 above, whether by BellSouth or by another issuer, any cash or other property received on account of a redemption of such Shares or with respect to such Shares upon the liquidation, sale or merger of BellSouth, and any other distributions with respect to such Shares with the exception of regular cash dividends, shall remain subject to the terms and conditions of this AgreementAgreement in the same manner and to the same extent as the Shares in respect of which they were issued or distributed.

Stockholder Status. The Executive shall have all of the rights of a stockholder with respect to the Shares Restricted Stock prior to any forfeiture, including the right to vote the Shares Stock and to receive all regular cash dividends paid with respect to the SharesStock, subject to terms of this Agreement, the Escrow Agreement and the PlanEscrow Agreement. Notwithstanding the above, the Executive shall have no right to sell, assign, transfer, exchange or encumber or make subject to any creditor's process, whether voluntary or involuntary or by operation of law, any of his interest in Shares Stock to the extent not then vested under Paragraph 2 abovethe foregoing provisions, and any attempt to do so shall be of no effect. In addition, all shares of capital stock or other securities issued with respect to or in substitution of any Shares Stock not then vested under Paragraph 2 abovethe foregoing provisions, whether by BellSouth the Company or by another issuer, any cash or other property received on account of a redemption of such Shares Stock or with respect to such Shares Stock upon the liquidation, sale or merger of BellSouththe Company, and any other distributions with respect to such Shares Stock with the exception of regular cash dividends, shall remain subject to the terms and conditions of this Agreement.