Common use of No Obligation to Exercise Option Clause in Contracts

No Obligation to Exercise Option. The Grantee shall be under no obligation to exercise the Option.

Appears in 14 contracts

Samples: Grant Agreement (Resmed Inc), 2006 Grant Agreement (Resmed Inc), 2006 Grant Agreement (Resmed Inc)

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No Obligation to Exercise Option. The Grantee granting of this Option shall be under impose no obligation upon the Grantee to exercise the this Option.

Appears in 8 contracts

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

No Obligation to Exercise Option. The Grantee granting of the Option shall be under impose no obligation upon the Grantee to exercise the such Option.

Appears in 3 contracts

Samples: Stock Option Agreement (DRS Inc.), Option Agreement (Gabriel Technologies Corp), Stock Option Agreement (Temtex Industries Inc)

No Obligation to Exercise Option. The Grantee Participant shall be under no obligation to exercise the Option.

Appears in 1 contract

Samples: Stock Option Agreement (HUGHES Telematics, Inc.)

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No Obligation to Exercise Option. The Grantee Optionee shall be under no obligation to exercise the Option.

Appears in 1 contract

Samples: Share Purchase Agreement (Offshore Systems International LTD)

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