No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee to exercise it.
No Obligation to Exercise Option. The granting of an Option shall impose no obligation upon the Optionee to exercise the Option.
No Obligation to Exercise Option. The Grantee shall be under no obligation to exercise the Option.
No Obligation to Exercise Option. Neither the Participant nor his or her transferee is or will be obligated by the grant of the Option to exercise it.
No Obligation to Exercise Option. The City shall have no obligation to exercise any option granted it under this Agreement. In no event shall the City become in any way liable or obligated to the Owner or any successor-in-interest to the Owner by reason of its option to purchase under Sections 10 and 17 nor shall the City be in any way obligated or liable to the Owner or any successor-in-interest to the Owner for any failure to exercise its option to purchase.
No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Non-Employee Director Optionee to exercise it.
No Obligation to Exercise Option. Nothing herein contained or done pursuant hereto shall obligate the Optionee to purchase and pay for any Optioned Shares except those Optioned Shares in respect of which the Optionee shall have exercised in the manner herein provided.
No Obligation to Exercise Option. The Optionee shall be under no -------------------------------- obligation to exercise the Option in whole or in part.
No Obligation to Exercise Option. The grant and acceptance of -------------------------------- this Option imposes no obligation on the Employee to exercise it.
No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option impose no obligation on the Option Holder to exercise it.
