No Shareholder Rights Clause Example from Business Contracts

This example No Shareholder Rights clause appears in 2 contracts from 1 company

No Shareholder Rights. The Units subject to this Award do not entitle you to any rights of a holder of the Company's Stock. You will not have any of the rights of a shareholder of the Company in connection with any Units granted or earned pursuant to this Agreement unless and until Shares are issued to you in settlement of the earned and vested Units as provided in Section 5 of this Agreement.