Common use of No Obligation to Exercise Option Clause in Contracts

No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee to exercise it.

Appears in 169 contracts

Samples: Non Qualified Stock Option Agreement (Cyteir Therapeutics, Inc.), Non Qualified Stock Option Agreement, Employee Incentive Stock Option Agreement

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No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee Employee to exercise it.

Appears in 101 contracts

Samples: Restricted Stock Award Agreement (Acell Inc), Incentive Stock Option Agreement, Non Qualified Stock Option Agreement

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes the Option shall impose no obligation on upon the Optionee Grantee to exercise itthe Option.

Appears in 41 contracts

Samples: Non Qualified Stock Option Agreement (Career Education Corp), Incentive Compensation Plan (Career Education Corp), Non Qualified Stock Option Agreement (Career Education Corp)

No Obligation to Exercise Option. The grant and acceptance of this option Option imposes no obligation on the Optionee to exercise it.

Appears in 38 contracts

Samples: Stock Option Agreement (Artemis Therapeutics, Inc.), Stock Option Agreement (Artemis Therapeutics, Inc.), Qualified Stock Option Agreement (New York Global Innovations Inc.)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option imposes no obligation on the Optionee to exercise it.

Appears in 13 contracts

Samples: Incentive Stock Option Agreement (Onewave Inc), Non Qualified Stock Option Agreement (Perseptive Biosystems Inc), Non Qualified Stock Option Agreement (Excel Switching Corp)

No Obligation to Exercise Option. The grant and acceptance of this option the Option imposes no obligation on the Optionee to exercise it.

Appears in 11 contracts

Samples: Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Non Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc)

No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee Participant to exercise it.

Appears in 6 contracts

Samples: Consulting Non Qualified Stock Option Agreement (Rib X Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Citrix Systems Inc), Non Qualified Stock Option Agreement (BG Medicine, Inc.)

No Obligation to Exercise Option. The grant and acceptance of this -------------------------------- option imposes no obligation on the Optionee Employee to exercise it.

Appears in 5 contracts

Samples: Qualified Stock Option Agreement (Davox Corp), Davox Corporation (Davox Corp), Qualified Incentive Stock Option Agreement (Davox Corp)

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes Option shall impose no obligation on upon the Optionee to exercise itsuch Option.

Appears in 5 contracts

Samples: Executive Employment Agreement (Acura Pharmaceuticals, Inc), Form of Option Agreement (Feinberg Larry N), Incentive Stock Option Agreement (Reicher Michael K)

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes an Option shall impose no obligation on upon the Optionee to exercise itthe Option.

Appears in 5 contracts

Samples: Indenture (Riscorp Inc), Indenture (Simione Central Holdings Inc), Non Employee Director Stock Option Agreement (Medaphis Corp)

No Obligation to Exercise Option. The grant and acceptance of this option Option imposes no obligation on the Optionee Employee to exercise it.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (Astea International Inc), Molecular Simulations Incorporated (Molecular Simulations Inc), Concord Communications Inc

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes the Option shall impose no obligation on upon the Optionee to exercise itthe Option.

Appears in 4 contracts

Samples: Employment Agreement (Micros Systems Inc), Stock Option Agreement (Preferred Employers Holdings Inc), Letter Agreement of Additional Terms Regarding Escrow Agreement (Preferred Employers Holdings Inc)

No Obligation to Exercise Option. The grant and acceptance Granting of this an option imposes shall impose no obligation on the Optionee optionee to exercise itsuch option.

Appears in 4 contracts

Samples: Circuit City Stores Inc, Circuit City Stores Inc, Circuit City Stores Inc

No Obligation to Exercise Option. The grant and acceptance of this option the Option imposes no obligation on the Optionee Employee to exercise it.

Appears in 4 contracts

Samples: Option Agreement (Concord Communications Inc), Option Agreement (Concord Communications Inc), Option Agreement (Concord Communications Inc)

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes no the Option shall not impose an obligation on upon the Optionee Grantee to exercise itsuch Option.

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Diamond Resorts International, Inc.), Non Qualified Stock Option Agreement (Finjan Holdings, Inc.), Non Qualified Stock Option Agreement (Diamond Resorts International, Inc.)

No Obligation to Exercise Option. The grant and acceptance of this option Option imposes no obligation on the Optionee to exercise it.

Appears in 3 contracts

Samples: Stock Option Agreement (Specialty Retail Group Inc), Stock Option Agreement (Specialty Retail Group Inc), Option Agreement (Specialty Retail Group Inc)

No Obligation to Exercise Option. The grant and acceptance of this option -------------------------------- Option imposes no obligation on the Optionee to exercise it.

Appears in 3 contracts

Samples: Amendment Agreement (Astea International Inc), Non Qualified Stock Option Agreement (Astea International Inc), Non Qualified Stock Option Agreement (Astea International Inc)

No Obligation to Exercise Option. The grant and acceptance of this option imposes the Option hereunder shall impose no obligation on upon the Optionee to exercise itsuch Option.

Appears in 3 contracts

Samples: Stock Option Agreement (Sparta Surgical Corp), Stock Option Agreement (Sparta Surgical Corp), Stock Option Agreement (Sparta Surgical Corp)

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes the Option shall impose no obligation on upon the Optionee to exercise itsuch Option.

Appears in 3 contracts

Samples: Stock Option Agreement (Ingles Markets Inc), Stock Option Agreement (Ingles Markets Inc), Stock Option Agreement (Ingles Markets Inc)

No Obligation to Exercise Option. The grant and acceptance Granting of this an option imposes shall impose no obligation on the Optionee recipient to exercise itsuch option.

Appears in 3 contracts

Samples: Management Investment Agreement (Capital Z Financial Services Fund Ii Lp), Management Investment Agreement (Capital Z Financial Services Fund Ii Lp), Management Investment Agreement (Capital Z Financial Services Fund Ii Lp)

No Obligation to Exercise Option. The grant and acceptance of this option imposes Option shall impose no obligation on upon the Optionee Grantee to exercise itthis Option.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Associated Banc-Corp), Qualified Stock Option Agreement (Associated Banc-Corp), Qualified Stock Option Agreement (Associated Banc-Corp)

No Obligation to Exercise Option. The grant and acceptance of this option the -------------------------------- options hereunder imposes no obligation on the Optionee to exercise itthe options.

Appears in 2 contracts

Samples: Stock Option Agreement (Sba Communications Corp), Stock Option Agreement Revised (Sba Communications Corp)

No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee to exercise itthis option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Biomune Systems Inc), Non Qualified Stock Option Agreement (Biomune Systems Inc)

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes the Option shall impose no obligation on upon the Optionee Participant to exercise itthe Option.

Appears in 2 contracts

Samples: Stock Option Agreement (Career Education Corp), 2016 Incentive Compensation Plan (Career Education Corp)

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes an Option hereunder shall impose no obligation on upon the Optionee Participant to exercise itsuch Option.

Appears in 2 contracts

Samples: Award Agreement (Heritage Global Inc.), Award Agreement (Heritage Global Inc.)

No Obligation to Exercise Option. The grant and acceptance of this option the -------------------------------- Option hereunder imposes no obligation on the Optionee to exercise itthe Option.

Appears in 2 contracts

Samples: Stock Option Agreement (Septima Enterprises Inc), Stock Option Agreement (Septima Enterprises Inc)

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No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee to exercise itthe option.

Appears in 2 contracts

Samples: Program Stock Option Agreement (21st Century Holding Co), 21st Century Holding Co

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes an Option shall impose no obligation on upon the Optionee to exercise itsuch Option.

Appears in 2 contracts

Samples: Great Lakes (Great Lakes Bancorp, Inc.), Great Lakes (Great Lakes Bancorp, Inc.)

No Obligation to Exercise Option. The grant and acceptance of this option Option imposes no obligation on the Optionee Participant to exercise it.

Appears in 2 contracts

Samples: Non Qualified Stock Option Inducement Award Agreement (Agenus Inc), Share Option Award Agreement (Teva Pharmaceutical Industries LTD)

No Obligation to Exercise Option. The grant Agreement and acceptance of this option imposes no obligation on the Optionee to exercise it.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (International Electronics Inc)

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes no the Option shall not impose an obligation on upon the Optionee Participant to exercise itsuch Option.

Appears in 1 contract

Samples: 2016 Equity Incentive (Better Home & Finance Holding Co)

No Obligation to Exercise Option. The grant and acceptance of this option these Options imposes no obligation on the Optionee Grantee to exercise itthem.

Appears in 1 contract

Samples: Share Option Plan Agreement (Nur Macroprinters LTD)

No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee Recipient to exercise it.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Praecis Pharmaceuticals Inc)

No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee Employee to exercise itthis option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Biomune Systems Inc)

No Obligation to Exercise Option. The grant and acceptance of this option imposes the Options impose no obligation on the Optionee to exercise itany or all of them.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Techteam Inc /De/)

No Obligation to Exercise Option. The grant and acceptance granting of this option imposes an Option shall impose no obligation on the Optionee Participant to exercise itsuch Option.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pia Merchandising Services Inc)

No Obligation to Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee Participant to exercise itthe option.

Appears in 1 contract

Samples: Incentive Agreement (HCBF Holding Company, Inc.)

No Obligation to Exercise Option. The grant and acceptance of this option the Option imposes no obligation on the Optionee Option Holder to exercise it.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Health & Nutrition Systems International Inc)

No Obligation to Exercise Option. The grant and acceptance of this option Option imposes no obligation on the Optionee to exercise itthe Option.

Appears in 1 contract

Samples: Non Plan, Nonqualified Stock Option Agreement (Presstek Inc /De/)

No Obligation to Exercise Option. The grant and acceptance granting of this an option imposes shall impose no obligation on upon the Optionee optionee to exercise itthe option.

Appears in 1 contract

Samples: Sanmina-Sci Corp

No Obligation to Exercise Option. The grant and acceptance granting of this option Option imposes no obligation on upon the Optionee Grantee to exercise itthis Option.

Appears in 1 contract

Samples: Form of Award Agreement (Navigators Group Inc)

No Obligation to Exercise Option. The grant and acceptance of this option such Option imposes no obligation on the Optionee Employee to exercise it.

Appears in 1 contract

Samples: Incentive Stock Option Master Agreement (Citrix Systems Inc)

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