Common use of Stockholder's Rights Clause in Contracts

Stockholder's Rights. Neither the Optionee nor any beneficiary or other person claiming under or through the Optionee shall acquire any rights as a stockholder of the Company by virtue of the Optionee having been granted this Option. Neither the Optionee nor any beneficiary or other person claiming under or through the Optionee will have any right, title or interest in or to any Shares allocated or reserved under the Plan or subject to this Option, except as to Shares, if any, that have been issued or transferred to the Optionee. No adjustment shall be made to this Option for dividends or distributions or other rights for which the record date is prior to the date of the exercise of this Option.