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 Non-Employee Director Optionee to exercise it.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/), Non Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/), Non Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/)

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

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Red Hat Inc), Non Qualified Stock Option Agreement (Red Hat Inc), Non Qualified Stock Option Agreement (Smart Video Technologies Inc)

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

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Judge Group Inc), Non Qualified Stock Option Agreement (Judge Group Inc)

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

Appears in 1 contract

Samples: Non Employee Director Stock Option Agreement (Investors Financial Services Corp)

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