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.), Incentive Stock Option Agreement, Employee Non Qualified 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), Employee Stock Option Agreement (Career Education Corp), Employee 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.), Non 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: Non Qualified Stock Option Agreement (Excel Inc), Non Qualified Stock Option Agreement (Perseptive Biosystems Inc), Non Qualified Stock Option Agreement (Onewave Inc)

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

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 8 contracts

Samples: Employment Agreement (Micros Systems Inc), Share Escrow Agreement (Harris Mel), Stock Option Agreement (Preferred Employers Holdings 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 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), Non Qualified Stock Option Agreement (Feinberg Larry N), Incentive Stock Option Agreement (Futterman Jack)

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: Incentive Stock Option Agreement (Mathsoft Inc), Non Qualified Stock Option Agreement (Davox Corp), Non Qualified Stock Option Agreement (Mathsoft Inc)

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), Incentive Stock Option Agreement (Software Developers Co Inc/De/), Stock Option Agreement (Concord Communications 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: Executive Incentive Stock Option Agreement (Concord Communications Inc), Non Qualified Option Agreement (Concord Communications Inc), Incentive Stock Option Agreement (Concord Communications 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), Stock Option Agreement (Specialty Retail Group 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 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 Grant Agreement (Associated Banc-Corp), Non Qualified Stock Option Grant Agreement (Associated Banc-Corp), Non Qualified Stock Option Grant Agreement (Associated Banc-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 3 contracts

Samples: Non Qualified Stock Option Agreement (Astea International Inc), Amendment Agreement (Astea International Inc), Non Qualified Stock Option Agreement (Astea International 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: Employee Stock Option Agreement (Career Education Corp), Non Qualified Stock Option Agreement (Career Education Corp)

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

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Excel Switching Corp), Incentive Stock Option Agreement (Transwitch Corp /De)

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

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)

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 (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)

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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 and acceptance of this -------------------------------- option imposes no obligation on the Optionee to exercise itthe options.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Sba Communications Corp)

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 imposes no obligation on the Optionee Recipient to exercise it.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Praecis Pharmaceuticals Inc)

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: Employee 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 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 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 granting of this option Option imposes no obligation on upon the Optionee Grantee to exercise itthis Option.

Appears in 1 contract

Samples: Stock Incentive Plan (Navigators 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 1 contract

Samples: Non Qualified Stock Option Agreement (Astea 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: Nonqualified Stock Option Agreement (Presstek Inc /De/)

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: Non Qualified Stock Option Agreement (Better Home & Finance Holding Co)

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: Merger Agreement (National Techteam Inc /De/)

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 Agreement (Citrix Systems Inc)

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