No Rights as Shareholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any Award shall have any rights as a shareholder with respect to any Shares to be distributed under the Plan until such Shares are issued to such Participant, holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distribution the record date of which is prior to the date of such issuance.

No Rights as Shareholder.Stockholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any AwardDesignated Beneficiary shall have any rights as a shareholderstockholder with respect to any Sharesshares of Common Stock to be distributedissued under the Plan until such Shares are issuedhe or she becomes the holder thereof. A Participant to such Participant,whom Common Stock is awarded shall be considered the holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distributionof the record dateStock at the time of which is prior to the date of such issuance.Award except as otherwise provided in the applicable Award.

No RightsExcept as Shareholder. Subject tootherwise provided in the provisionsPlan or in a related Award Agreement, a Participant shall have none of the applicable Award, no Participant or holder or beneficiaryrights of any Award shall have any rights as a shareholder with respect to any Shares to be distributed undercovered by an Award unless and until the Plan until such Shares are issued to such Participant, holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distributionParticipant becomes the record date of which is prior to the dateholder of such issuance.Shares.

No Rights as Shareholder.As Stockholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any AwardDesignated Beneficiary shall have any rights as a shareholderstockholder with respect to any Sharesshares of Common Stock to be distributed under the Planwith respect to an Award until such Shares are issued to such Participant, holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distributionbecoming the record date of which is prior to the date of such issuance.holder thereof.

No Rights as Shareholder. Subject to the provisionsStockholder Rights. Neither a Participant nor any transferee of the applicable Award, noa Participant or holder or beneficiary of any Award shall have any rights as a shareholderstockholder of the Company with respect to any Shares underlying any Award until the date of issuance of a share certificate to be distributed under the Plan untila Participant or a transferee of a Participant for such Shares are issuedin accordance with the Company’s governing instruments and Applicable Law. Prior to such Participant, holder or beneficiary and such Participant, holder or beneficiarythe issuance of Shares pursuant to an Award, a Participant shall not have the right to vote or to receive dividends or any other rights as a stockholder with respect to the Shares underlying the Award, notwithstanding its exercise in the case of Options and SARs. No adjustment will be entitled to anymade for a dividend or distribution theother right that is determined based on a record date of which is prior to the date of such issuance.the stock certificate is issued, except as otherwise specifically provided for in this Plan.

No Rights as Shareholder. Subject to the provisions of the applicable Award, noSECTION # NO RIGHTS AS A SHAREHOLDER: A Participant or holder or beneficiary of any Award shall have anyno rights as a shareholder with respect to any Shares to be distributed under the Plancovered by an Award until such Shares are issued to such Participant, holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distribution the record date of which is prior to the date of the issuance or transfer of such issuance.Shares.

No Rights as Shareholder.As Stockholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any AwardDesignated Beneficiary shall have any rights as a shareholderstockholder with respect to any Sharesshares of Common Stock to be distributed under the Planwith respect to an Award until such Shares are issued to such Participant, holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distributionbecoming the record date of which is prior to the dateholder of such issuance.shares.

No Rights as Shareholder.Stockholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any AwardDesignated Beneficiary shall have any rights as a shareholderstockholder with respect to any Sharesshares of Common Stock to be distributed under the Planwith respect to an Award until such Shares are issued to such Participant, holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distributionbecoming the record date of which is prior to the dateholder of such issuance.shares.

No Rights as a Shareholder. Subject to the provisionsExcept as otherwise provided herein, a Participant shall have none of the applicable Award, no Participant or holder or beneficiaryrights of any Award shall have any rights as a shareholder with respect to Shares covered by any Shares to be distributed underAward until the Plan until such Shares are issued to such Participant, holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distributionParticipant becomes the record date of which is prior to the dateholder of such issuance.Shares.

No Rights as Shareholder. Subject to the provisions of the applicable Award, noNo Participant or holder or beneficiary of any Award shall have any rights as a shareholder with respect to any Shares to be distributed under the Plansecurities covered by an Award unless and until such Shares are issued to such Participant, holder or beneficiary and such Participant, holder or beneficiary shall not be entitled to any dividend or distribution the record date of which is prior to the date the Participant becomes the holder of such issuance.record of the Shares, if any, to which the Award relates.