This excerpt taken from the WAG 8-K filed Jan 20, 2010.
6.4. Privileges of a Shareholder. The holder of an Option shall not have shareholder privileges with respect to any Share covered by the Option until the date of issuance of a stock certificate to him or her for such Shares or until such shares are registered in his or her name in book entry form. No adjustments shall be made for dividends or distributions or other rights in respect to such Shares for which the record date is prior to the date on which the Participant became the holder of record thereof.
Section 7. Termination of Employment