英语语法分析

All or any part of the Option may be exercised by the Optionee no later than the eighth (8th) anniversary of the date of this Agreement.

承授者行使部分或全部的期 权， 须在本协议生效日的第八个周年日之前完成。

The Optionee shall have no rights as a stockholder with respect to Shares subject to the Option until certificates for Shares of Common Stock are issued to the Optionee.

在普通股股票证书颁发给承授者之前， 承授者对期权项下股票没有任何股东权利。