Common use of No Obligation to Exercise Clause in Contracts

No Obligation to Exercise. The granting of the Option imposes no obligation upon the holder thereof to exercise the Option.

Appears in 6 contracts

Samples: Director Stock Option Agreement (BioDrain Medical, Inc.), Director Stock Option Agreement (BioDrain Medical, Inc.), Consultant Nonstatutory Option Agreement (Webvalley Inc)

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No Obligation to Exercise. The granting of the Option imposes hereof shall impose no obligation upon the holder thereof Participant to exercise the such Option.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Mesa Laboratories Inc /Co), Stock Option Award Agreement (Mesa Laboratories Inc /Co), Stock Option Award Agreement (Mesa Laboratories Inc /Co)

No Obligation to Exercise. The granting of the Option imposes hereof shall impose no obligation upon the holder thereof Optionee to exercise the such Option.

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (EverQuote, Inc.), Non Qualified Stock Option Agreement (EverQuote, Inc.)

No Obligation to Exercise. The granting of the Option imposes hereunder shall impose no obligation upon the holder thereof Employee to exercise the such Option.

Appears in 2 contracts

Samples: Imclone Systems Incorporated (Imclone Systems Inc/De), Non Qualified Stock Option Agreement (Imclone Systems Inc/De)

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No Obligation to Exercise. The granting of the an Option imposes shall impose no obligation upon the holder thereof optionee to exercise the such Option.

Appears in 1 contract

Samples: Stock Option Grant and Agreement (Hudson James G Jr)

No Obligation to Exercise. The granting of the an Option imposes shall impose no obligation upon the holder thereof to exercise or otherwise realize the value of that Option.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Resource Bancshares Mortgage Group Inc)

No Obligation to Exercise. The granting of the an Option imposes shall impose no obligation upon the holder thereof Participant to exercise the such Option.

Appears in 1 contract

Samples: Electromed, Inc.

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